Meta Forecast Disappoints, Microsoft Cloud Shines in Late-Hours Earnings
After-hours earnings brought mixed signals as Meta's weak outlook contrasted with a strong Microsoft cloud beat, while Qualcomm and Arm lowered guidance and Starbucks and Chipotle raised annual forecasts.
Meta Platforms delivered a disappointing forward forecast, sending its shares lower in extended trading. Microsoft, however, reported a larger-than-expected sales increase in its cloud unit, partially offsetting the negative sentiment.
Qualcomm and Arm both issued weak guidance, adding pressure to the semiconductor sector. Conversely, Starbucks and Chipotle raised their annual outlooks, providing pockets of strength in consumer-facing names.
The after-hours session underlined a bifurcated earnings landscape, with technology giants facing headwinds while select consumer plays gained traction.
Source: First Squawk