Alphabet (GOOG 131.72, -8.38, -6.0%): beats by $0.09, reports revs in-line, total Google advertising revenue increased 9.4%, Google Cloud revenue up 21.7%; Committed to reengineering cost base to create capacity for AI investments
Microsoft (MSFT 342.75, +12.22, +3.7%): beats by $0.34, beats on revs; Azure +28% CC vs +25-26% CC prior guidance; provides color on segments for DecQ
Snapchat (SNAP 9.95, +0.24, +2.5%): beats by $0.26, beats on revs; guides Q4 revs in-line; COO retiring
Texas Instruments (TXN 138.00, -8.92, -6.1%): misses by $0.02, misses on revs; guides Q4 EPS below consensus, revs below consensus; Continues to operate in a weak environment as weakness in Industrial end market has broadened