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CNBC
Microsoft, Meta, Starbucks, Carvana and more
In after-hours trading, several major tech companies reported their quarterly earnings, leading to notable stock movements. Microsoft reported $90.01 billion in revenue, beating expectations and showing significant Azure growth. In contrast, Meta's disappointing earnings led to a nearly 10% drop in its shares. Starbucks raised its outlook, boosting its stock by 5%, while Carvana experienced a significant drop due to missed earnings guidance.
MonitorConfidence: HighImmediate horizon
Published 29 Jul 2026, 21:55 UTC3 min read
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Summary
TL;DR
- Microsoft's revenue of $90.01 billion surpassed estimates of $87.62 billion.
- Meta shares fell nearly 10% after missing EPS estimates by $1.04.
- Starbucks shares rose 5% after raising its full-year outlook and beating EPS estimates.
- Carvana's stock tumbled 14% due to missed earnings guidance.
- Fortinet's shares soared over 11% after strong quarterly billings.
Interesting facts
- Microsoft's Azure revenue surpassed $100 billion for the first time.
- Chipotle's forecast for same-store sales was revised upward after strong quarterly earnings.
- Despite better-than-expected earnings, Robinhood's shares fell due to a decline in cryptocurrency trading volumes.