Check out the companies making headlines in after-hours trading: Starbucks — Shares of the coffee giant slipped 4% after Starbucks missed earnings and revenue estimates for its fiscal second quarter. The company also reported same-store sales figures that reflected a decline for the fifth straight quarter. Starbucks posted adjusted earnings per share of 41 cents on $8.76 billion in revenue, while analysts polled by LSEG expected 49 cents in earnings per share on $8.82 billion in revenue. First Solar — Shares of the solar technology company dropped 10% after First Solar offered weak guidance for the full year. The company sees earnings for the period ranging between $12.50 and $17.50 per share, while analysts polled by LSEG sought $18.14 per share. First-quarter earnings also missed the mark. Booking Holdings — Shares of the online travel booking services provider shed 3%. Gross bookings for the first quarter came in at $46.7 billion, only narrowly topping the $46.53 billion StreetAccount consensus estimate. Booking Holdings’ top- and bottom-line results for the period firmly beat expectations, however. Super Micro Computer — The beleaguered server maker saw its shares plunge 16% in after-hours trading. Super Micro announced preliminary results for the fiscal third quarter that fell short of LSEG consensus expectations. The company also lowered the ranges from earlier guidance for the quarter, which ended on March 31. Visa — Shares added less than 1% after Visa exceeded expectations for the fiscal second quarter. Visa posted quarterly earnings of $2.76 per share, excluding items, on revenue of $9.59 billion. Analysts polled by LSEG called for earnings of $2.68 per share on revenue of $9.55 billion. Snap — Snap posted better-than-expected first-quarter revenue but declined to provide guidance, citing macroeconomic uncertainties in the months ahead that could affect advertising demand. Shares plunged more than 12% as a result. For the quarterly period, Snap reported a loss of 8 cents per share on revenue of $1.36 billion, the latter figure coming out just higher than the $1.35 billion expected by analysts surveyed from LSEG. Caesars Entertainment — Shares added 3%. The casino operator reported first-quarter revenue of $2.79 billion, merely landing in line with Wall Street’s expectations, per LSEG. Losses came in wider than anticipated at 54 cents per share, while analysts sought a loss of 19 cents per share. Qorvo — The provider of semiconductor solutions surged nearly 9% after issuing robust fiscal first-quarter guidance on revenue. Qorvo sees revenue for the period landing at $775 million, compared to the $757 million anticipated by analysts polled by LSEG. Fourth-quarter results topped analysts’ estimates on the top and bottom lines. Oneok — The oil and gas midstream company lost 3%. For the first quarter , Oneok posted adjusted earnings before interest, taxes, depreciation and amortization of $1.78 billion. The result included $31 million in transaction costs related to the company’s acquisition of EnLink Midstream . Analysts surveyed by FactSet sought $1.93 billion. Seagate Technology — The data storage company jumped nearly 8%. Seagate issued upbeat guidance for the fiscal fourth quarter, calling for adjusted earnings of $2.40 per share on revenue of $2.40 billion, while analysts polled by LSEG called for $2.07 per share in earnings and $2.30 billion in revenue. Third-quarter results also surpassed expectations. — CNBC’s Darla Mercado contributed reporting.
Stocks making the biggest moves after hours: SMCI, SNAP, BKNG
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