1 month ago
Stock Market

Stocks on the Move After Hours: Facebook, Microsoft, Dolby, Twitter

Investing.com - A slew of earnings after the close of a day of big gains set off an active round

Investing.com - A slew of earnings after the close of a day of big gains set off an active round of after-hours trading. The gains for some, especially Facebook, may fuel more gains Thursday before Amazon.com (NASDAQ:AMZN) comes in with its fourth-quarter report postmarket.

Among the movers Wednesday afternoon:

- Facebook Inc (NASDAQ:FB) shares were up 12% after hours to $168 after earnings and revenue easily beat Street estimates and it guided revenue just above estimates.

- Microsoft (NASDAQ:MSFT) fell around 4% to $102.50 after earnings slightly beat estimates on a non-GAAP basis, but revenue was just short. Cloud revenue was up 76% from a year ago, but the growth rate has slipped from 98%. Surface tablets saw sales top $1.8 billion.

- Casino operator Wynn Resorts (NASDAQ:WYNN) saw shares rise nearly 3% despite an earnings miss. Revenue topped expectations.

- Twitter (NYSE:TWTR), President Donald Trump's favorite communications vehicle, saw shares rise 2.6% to $33.10 as the stock remains volatile approaching earnings next week. The company reports fourth-quarter results on Feb. 7.

- Dolby Laboratories (NYSE:DLB) shares were down slightly to $61.19 after hours. The shares had jumped immediately after reporting a fourth-quarter profit.

- Chipmaker Qualcomm's (NASDAQ:QCOM) shares were up 2.4% to $51.35 after earnings beat Street estimates. Its outlook was greeted favorably.

- Apple (NASDAQ:AAPL), one of the market's big drivers, was up slightly after hours, but Boeing Co (NYSE:BA), responsible for a third of the 435-point gain for the Dow Jones Industrial Average, was off 5.9%.