Here’s a look at the companies making headlines in after-hours trading: Chipotle Mexican Grill — The burrito chain reported mixed quarterly results, sending its shares down 3%. Chipotle reported adjusted earnings of 27 cents per share, beating the 25 cents per share expected by analysts polled by LSEG. Revenue for the period was $2.79 billion, slightly below analysts’ forecasts of $2.82 billion. The company’s same-store sales grew 6% this quarter, also lower than expected. Shares of Alphabet — the parent company of Google — rose 4% after the company beat Wall Street forecasts on both revenue and profit. Alphabet reported earnings of $2.12 per share on revenue of $88.27 billion, while analysts polled by LSEG expected earnings of $1.85 per share on revenue of $86.30 billion. The big tech giant’s revenue rose 15% year over year, stronger than the same period last year, as Google Cloud revenue beat expectations. Snap — The messaging app maker’s shares rose nearly 8%. Adjusted earnings for the third quarter were 8 cents per share on revenue of $1.37 billion. Analysts expected earnings of 5 cents per share on revenue of $1.36 billion. Snap also announced a $500 million stock buyback program. Qorvo — Shares of semiconductor solutions provider fell 15%. Qorvo issued disappointing profit guidance for its fiscal third quarter, expecting adjusted earnings to be between $1.10 and $1.30 per share, while analysts polled by LSEG expected earnings of $1.92 per share. The company’s management said it expects Qorvo’s revenue and gross profit margin to decline slightly in fiscal 2025 compared with fiscal 2024. Electronic Arts — Shares of the video game company rose 1.3%. Electronic Arts reported second-quarter adjusted earnings per share of $1.11 on revenue of $2.08 billion. Analysts polled by LSEG expected adjusted earnings of $2.02 per share on revenue of $2.04 billion. Visa — The global payments company’s fiscal fourth-quarter profit and revenue beat estimates, sending shares up about 1.5%. Visa reported adjusted earnings per share of $2.71 on revenue of $9.62 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $2.58 per share on revenue of $9.49 billion. The company also raised its quarterly dividend 13% to 59 cents. Advanced Micro Devices — Shares of the semiconductor company fell 7%. AMD gave fourth-quarter revenue guidance of $7.5 billion, just in line with London Stock Exchange (LSEG) expectations. Adjusted earnings per share in the third quarter were 92 cents, in line with analysts’ expectations. Reddit — The social media company reported solid third-quarter revenue and profits, sending its shares up 18%. Reddit reported earnings of 16 cents per share on revenue of $348 million, according to LSEG, while analysts expected a loss of 7 cents per share on revenue of $313 million. The company also issued an optimistic forecast for the fourth quarter. First Solar — The solar panel maker fell 3% after lowering its full-year guidance. First Solar’s third-quarter earnings per share were $2.91 on revenue of $888 million, which also fell short of Wall Street expectations. Analysts expected LSEG to earn $3.14 per share on revenue of $1.08 billion.
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