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GOOGL, TSLA, V and more

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GOOGL, TSLA, V and more

A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California, on May 15, 2024.

Patrick T. Fallon | AFP | Getty Images

Check out the companies making headlines in extended trading:

Alphabet – The tech giant fell 1% despite a decline on both the top and bottom lines in the second quarter. Alphabet earned $1.89 per share on revenue of $84.74 billion. Consensus estimates had expected earnings of $1.84 per share on revenue of $84.19 billion. However, revenue from the YouTube advertising segment fell short of forecasts.

Tesla – Shares of the electric vehicle maker fell 4.7% after second-quarter earnings missed consensus estimates. Tesla reported adjusted earnings per share of 52 cents, while analysts surveyed by LSEG had called for 62 cents per share. On the other hand, the company posted quarterly revenue of $25.5 billion, which was slightly higher than The Street’s estimate of $24.77 billion.

Visa – Shares fell more than 2% after the company posted a revenue loss in its fiscal third quarter. Visa reported revenue of $8.9 billion, slightly lower than the $8.92 billion forecast by analysts polled by LSEG. Meanwhile, payment volume rose 7% in the quarter

Seagate – Shares rose more than 6% after Seagate posted a decline in profit and revenue in its fiscal fourth quarter. Seagate earned $1.05 per share, excluding items, on revenue of $1.89 billion. Analysts polled by LSEG had estimated it would earn 75 cents a share on revenue of $1.87 billion. The company cited an improving cloud environment for its better performance.

Capital one financial – Shares of the credit card company fell about 1% after second-quarter profit fell from a year ago as the bank set aside more money to offset potential credit losses. Revenue rose 5% to $9.51 billion from the same period last year, but was lower than analysts surveyed by LSEG expected.

Texas Instruments – The chipmaker rose 5% after reporting better-than-expected earnings. Texas Instruments posted earnings per share of $1.22, versus the consensus estimate of $1.17 per share per LSEG. The company’s revenue of $3.82 billion was in line with expectations.

Mattel – The toy manufacturer rose more than 1% after the announcement of its second quarter results. Adjusted earnings per share of 19 cents beat analyst estimates of 17 cents per share, according to LSEG data. Revenue of $1.08 billion fell slightly short of forecasts of $1.1 billion. Mattel reiterated its full-year guidance and emphasized gross margin expansion.

Cal-Maine Food – Shares of the country’s largest egg producer fell 1% as the bird flu outbreak continues to pressure performance. In the fourth quarter of the fiscal year, earnings per share were $2.32 higher than a year ago, but according to FactSet, earnings per share were lower than the $2.41 per share that analysts had forecast. Revenue of $640.8 million also fell short of the $652.3 million estimate.

Enphase energy Solar shares rose 5% despite weaker-than-expected second-quarter results. Enphase, after adjustments, posted earnings of 43 cents per share, which was 5 cents below consensus estimates, according to LSEG. Revenue of $304 million also fell short of the $310 million analysts had forecast. However, shares rose on better-than-expected margins and the forecast for third-quarter revenue between $370 million and $410 million, which topped analyst estimates of $404 million.

Chubb – The insurance company gained almost 1%. Adjusted earnings per share came in at $5.38 in the second quarter, beating the consensus estimate of $5.14 per share, according to FactSet.

– CNBC’s Christina Cheddar Berk contributed reporting.