Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna said the company’s generative artificial intelligence book of business is up nearly $2 billion quarter over quarter. Meta Platforms — Shares rose about 5% after the company beat on the top and bottom lines. For the fourth quarter, Meta Platforms earned $8.02 per share on revenue of $48.39 billion, above the consensus estimate of $6.77 per share in earnings and $47.04 billion in revenue, according to LSEG. Separately, The Wall Street Journal, citing people familiar with the matter, reported that President Donald Trump has signed settlement papers that would require the company to pay around $25 million in regards to a 2021 lawsuit. Microsoft — Shares of the software giant slid about 2%. Microsoft’s Azure cloud computing services saw growth of 31% in the fiscal second quarter , narrowly missing the consensus estimate for 31.1%, according to StreetAccount. Top- and bottom-line results surpassed Wall Street’s estimates, however. Tesla — Shares of the electric vehicle manufacturer rose more than 2% even after Tesla’s fourth-quarter results missed the mark. The company posted adjusted earnings of 73 cents per share on revenue of $25.71 billion. Analysts surveyed by LSEG were looking for 76 cents in earnings per share and $27.27 billion in revenue. ServiceNow — Shares of the software giant plummeted more than 7% after its fourth-quarter results came in line with analysts’ expectations. ServiceNow earned $3.67 per share, excluding items, on revenue of $2.96 billion, which is what analysts surveyed by LSEG had estimated for the period. Whirlpool — Shares of the home appliances company sank 12% after a quarterly report showed a steeper-than-expected decline in revenue. Whirlpool reported $4.14 billion in net sales, below the $4.24 billion projected by analysts, according to FactSet. The company said it plans to reduce costs by $200 million in 2025. Wolfspeed — The stock rose slightly after the company beat second-quarter estimates. Wolfspeed posted an adjusted loss of 95 cents per share on revenue of $180.5 million. Analysts were expecting a loss of $1.02 per share on revenue of $179.9 million, according to LSEG. Lam Research — The semiconductor’s stock rose nearly 6% after its second-quarter earnings came in stronger than expected. Lam Research posted adjusted earnings of 91 cents per share, above the 88 cents per share that analysts were looking for, per LSEG. Revenue, however, missed expectations. Western Digital — Shares dipped nearly 2% after Western Digital posted second-quarter earnings that disappointed expectations. Adjusted earnings per share of $1.77 in the quarter fell below the $1.78 LSEG consensus estimate. On the other hand, quarterly revenue of $4.29 billion exceeded the $4.26 billion analysts were expecting. Levi Strauss — Shares dropped 7% after Levi Strauss issued disappointing full-year guidance, even as its fourth-quarter results came in stronger than expected. The clothing company expects earnings per share of $1.20 to $1.25 for the year ending November 2025, lower than the StreetAccount earnings estimate of $1.37 per share. Levi expects 2025 sales to fall 1% to 2% from 2024. Nvidia — Shares rebounded more than 1%, recovering from the 4.1% loss seen during Wednesday’s trading session. The stock has been seesawing this week after starting off the period with a 17% plunge on Monday — the biggest one-day loss ever for a U.S. company — when Chinese AI startup DeepSeek heightened fears about spending on the technology and U.S. AI dominance. Las Vegas Sands — The casino operator’s stock jumped more than 9% despite reporting mixed fourth-quarter results. The company earned 54 cents per share, excluding items, on revenue of $2.9 billion. Analysts surveyed by LSEG expected Las Vegas Sands to earn 58 cents per share on $2.87 billion in revenue. — CNBC’s Sarah Min, Jesse Pound, Darla Mercado and Christina Cheddar-Berk contributed to this report.
https://www.cnbc.com/2025/01/29/stocks-making-the-biggest-moves-after-hours-meta-msft-tsla-ibm.html
