Here’s a look at the companies making headlines in after-hours trading: Microsoft – Shares of Microsoft fell 6% after the tech giant reported disappointing results for its cloud business. This masks the performance of both lines in the fiscal fourth quarter. Advanced Micro Devices – The chipmaker’s second-quarter results beat expectations and its shares rose 5%. AMD reported adjusted earnings of 69 cents per share on revenue of $5.84 billion, while analysts polled by LSEG expected earnings of 68 cents per share on revenue of $5.72 billion. Arista Networks — The computer networking company beat Wall Street estimates on both lines in the second quarter, sending its shares up nearly 3%. Arista reported adjusted earnings of $2.10 per share on revenue of $1.69 billion, while analysts polled by LSEG forecast earnings of $1.95 per share on revenue of $1.65 billion. Pinterest — Shares of the photo-sharing service fell 15%. Pinterest issued disappointing third-quarter revenue guidance, giving a range of $885 million to $900 million, falling short of analysts’ expectations. Second-quarter adjusted earnings were 29 cents per share on revenue of $854 million, beating Wall Street expectations, according to LSEG. Starbucks – Shares of Starbucks rose 2% even as it reported profit and quarterly revenue that fell short of analysts’ expectations as weak demand affected its U.S. and international cafes. Starbucks’ adjusted third-quarter earnings per share were 93 cents, in line with analysts’ expectations polled by LSEG. Revenue for the quarter was $9.11 billion, below analysts’ expectations of $9.24 billion. Skyworks Solutions — Semiconductor stocks fell 2%. Skyworks’ adjusted earnings in the fiscal third quarter were $1.21 per share, in line with analysts’ expectations, according to LSEG. Revenue in the period was $906 million, above the consensus forecast of $900 million. Caesars Entertainment — Shares of the gaming and hotel company rose 3% despite reporting a year-over-year revenue decline in the second quarter. Caesars reported second-quarter revenue of $2.8 billion, compared with $2.9 billion in the same period last year. Informatica — Cloud stock fell 2% on dismal second-quarter revenue. Informatica reported revenue of $401 million, below the $403 million expected by LSEG analysts. Meanwhile, adjusted earnings per share beat Wall Street forecasts of 23 cents by 1 cent. First Solar — First Solar shares rose 1% after the company beat second-quarter profit expectations. The company earned $3.25 per share on revenue of $1.01 billion, while analysts polled by LSEG expected earnings of just $2.69 per share on revenue of $942 million. Western Union — The international money transfer and payments stock fell nearly 8% after reporting mixed second-quarter results. Adjusted earnings per share were 44 cents, below the 45 cents per share expected by analysts polled by FactSet. Revenue came in at $1.07 billion, beating consensus estimates of $1.06 billion. Shares of Live Nation Entertainment — the parent company of Ticketmaster — fell 3%. Live Nation reported second-quarter earnings of $1.03 per share, missing the consensus estimate of $1.07 per share among analysts surveyed by LSEG. Revenue was $6.02 billion, in line with expectations. Mondelez International — maker of Sour Patch Kids fell 2%. Second-quarter revenue was $8.34 billion, while analysts polled by LSEG expected revenue of $8.45 billion. Mondelēz International also raised its dividend by 11%. —CNBC’s Darla Mercado, Jesse Pound, Pia Singh and Sarah Min contributed reporting.
