Stocks moved unevenly in after-hours trading as a string of quarterly reports and guidance updates prompted strong reactions from investors.
Meta Platforms saw its shares rise 10% after the company released quarterly results and issued guidance that topped analysts' forecasts, even as it signaled higher capital expenditures. Meta sees Q1 2026 revenue in a range of $53.5 billion to $56.5 billion, above the consensus estimate of $51.27 billion.
Microsoft shares fell 4% in extended trading despite reporting robust earnings and revenue, as investors focused on increased spending. On a GAAP basis diluted earnings per share were $5.16, up 60%. On a non-GAAP basis, EPS was $4.14, an increase of 24% (up 21% in constant currency). The company’s non-GAAP results exclude the impact of investments in OpenAI.
IBM climbed 8% after the company beat consensus expectations on both revenue and earnings. The company reported Q4 earnings per share of $4.52, which was $0.23 above the analyst estimate of $4.29. Revenue for the quarter was $19.7 billion versus the consensus estimate of $19.22 billion.
ServiceNow fell 6% in after-hours trading even though results were described as solid, with investor concern lingering about how artificial intelligence could affect future performance. The company also announced a partnership with Anthropic to incorporate Claude AI models into its platform for application development and business processes.
Las Vegas Sands dropped 10% after-hours despite reporting quarterly results that beat estimates for both EPS and revenue, as weakness in its Macao operations weighed on sentiment. Macao adjusted property EBITDA for the period was $608 million.
Joby Aviation's shares declined 11% after the company revealed plans for offerings of $1 billion in stock and convertible notes.
United Rentals fell 6% following results that missed expectations. The company reported Q4 EPS of $11.09, which was $0.69 below analysts' estimate of $11.78. Revenue for the quarter totaled $4.21 billion versus the consensus estimate of $4.24 billion.
Market context
The after-hours session reflected a mix of investor responses to a combination of guidance beats, spending increases and region-specific performance shortfalls. Technology names showed bifurcated moves tied to guidance and investment plans, while leisure, aviation and equipment rental stocks reacted to regional earnings and capital-raising announcements.
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