After Hours Earnings: Alphabet, Chipotle, Microsoft, Qualtrics, Texas Instruments, Visa

  • Scott Peters
  • U.S.A. New York City
  • Oct 25, 2022
  • Parent of Google missed sales and earnings outlook. Microsoft earnings dropped on currency headwinds. Chipotle Mexican Grill earnings and revenues rose more-than-expected. Visa Inc revenues and earnings rose on higher payment volume and transactions.

    Alphabet Inc declined 6% to $98.74 in after hours trading and the search engine operator said revenue in the third quarter increased 6% to $69.1 billion from $65.1 billion a year ago. 

    Net income in the period fell to $13.9 billion from $18.9 billion and diluted earnings per share dropped to $1.06 from $1.40 a year ago. 

    Chipotle Mexican Grill, Inc jumped more than 4% in after hours trading after the fast-food restaurant chain  operator said revenue in the third quarter increased 13.7% to $2.2 billion and comparable restaurant sales increased 7.6%. 

    Net income in the third quarter was $257.1 million or $9.20 a diluted share compared to $204.4 million or $7.18 a diluted share a year ago. 

    Microsoft Corporation declined 1.5% to $246.02 after the company said fiscal first quarter ending in September increased 11% to $50.1 billion and net income decreased 14% to $17.6 billion from a year ago. 

    Diluted earnings per share declined 13% to $2.35 from a year ago. 

    Qualtrics International increased 0.3% to $11.40 after the company said revenue in the third quarter increased 39% to $377.5 million from $271.6 million a year ago. 

    Net loss in the quarter shrank to $233.5 million from $286 million and diluted loss per share fell to 40 cents from 56 cents a year ago. 

    The company guided fourth quarter revenue in the range between $380 million and $382 million and subscription revenue between $323 million and $325 million. 

    Texas Instruments dropped 5% to $153.50 after the chipmaker posted third quarter revenue increased 13% to $5.2 billion from $4.64 billion a year ago.

    Net income increased 18% to $2.3 billion from $1.95 billion and diluted earnings per share rose to $2.47 from $2.07 a year ago. 

    The company guided fourth quarter revenue in the range of $4.40 billion to $4.80 billion and earnings per share between $1.83 and $2.11.

    Visa Inc increased 1% to $196.63 after the payment processing network operator reported September quarter revenues increased 19% to $7.8 billion. 

    Net income rose 10% to $3.9 billion and diluted earnings per share increased 13% to $1.86. 

    Payment volume in the quarter increased 10% and processed transactions rose 12% from a year ago. 

     

Annual Returns

Company Ticker 2025 2024 2023
Alphabet Inc GOOG 2% 35% 55%
Microsoft Corporation MSFT -1% 12% 54%
Texas Instruments Incorporated TXN -1% 10% -4%
Chipotle Mexican Grill Inc CMG -5% 32% -97%
Qualtrics International Inc. XM 0% 0% 73%
Visa Inc V 10% 21% 26%