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.

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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.

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

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

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

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

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

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

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

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

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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.

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