Earnings movers: Google parent Alphabet climbs, AMD drops in after-hours trade Tuesday

Google parent Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) shares rose while Chipotle Mexican Grill (NYSE:CMG) fell in after-hours trade Tuesday, part of this week’s wave of quarterly financial updates due to investors.

Barclays said this trading week is one of the most pivotal of 2024. Magnificent 7 tech stocks are among the ~45% of S&P 500 (SP500) posting financial results, and the October jobs report anchors data due Friday. Then, voting wraps up for the U.S. presidential and congressional elections early next week.

Here’s what was moving in after-hours trade Tuesday:

Advancers:

• Google parent Alphabet (GOOG)(GOOGL) +4.3% to $178.43 after Q3 EPS of $2.12 and revenue of $88.27B outstripped Wall Street’s projections.
• FMC (NYSE:FMC) +4.9% to $63.10, with the agricultural chemicals manufacturer’s Q3 adjusted EPS of $0.69 beating by $0.16, and revenue of $1.07B beating by $30M.
• Visa (NYSE:V) +1.8% at $286.94 as the payments network raised its quarterly dividend and fiscal Q4 earnings and revenue were ahead of consensus estimates.

Decliners:

• AMD (NASDAQ:AMD) -7% to $154.65, as the chipmaker’s gaming and embedded segments logged double-digit year-over-year drops in revenue.
• Chipotle Mexican Grill (CMG) -3.3% to $58.51 after posting a $30M miss in Q3 revenue. Per-share earnings of $0.27 beat by $0.02.

For investors seeking ETFs tracking the S&P 500 (SP500), here are a few: (SPY), (VOO), (IVV), (RSP), and (SPXU).

Some Nasdaq ETFs: (QQQ), (TQQQ), and (SQQQ), and some Dow ETFs: (DIA), (DOG), (UDOW), (DOG), and (DXD).