Stocks Trending After Hours: GOOGL, MSFT, SPOT, CMG & More

Alphabet (GOOGL): Shares of Google's parent firm sank in extended trading after the business failed top and bottom-line projections.

The total revenue for the quarter was $69.09 billion, representing a 6% increase from the previous year. The earnings per share came to $1.06.

YouTube ad revenue decreased from the prior quarter to $7.1 billion, falling short of analyst projections of $7.4 billion.

Microsoft (MSFT): The tech giant posted its worst quarterly sales increase in five years, owing to a weaker PC market and a strong dollar.

Softer cloud sales were also a concern for investors in extended trade, as Azure's revenue growth slowed to 35% during the quarter.

Spotify (SPOT): As-hours trading saw shares drop more than 10% after the business warned of margin pressure in the current quarter.

Spotify announced 456 million monthly active users in the third quarter, above its earlier expectations, while Premium members increased 13% to 195 million.

Chipotle (CMG): The restaurant operator posted earnings and revenue that outperformed Wall Street expectations, indicating that customers are prepared to pay higher prices.

Chipotle increased prices once more in August, making that the third time in the previous 15 months.

Mattel (MAT): The business decreased its full-year earnings forecast ahead of the crucial holiday sales period, sending shares lower in extended trade.

The company's revenue remained the same as it was during the same period last year, resulting in earnings that were adjusted to be 82 cents per share.