Alphabet, Tesla and Las Vegas Sands lead after-hours stock moves on earnings

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Alphabet, Tesla & Sands after-hours

Highlights

Alphabet drops over 4% after raising 2026 capital expenditures forecast to $195–205 billion, despite Q2 revenue of $119.8 billion beating $116.93 billion expectations.
Tesla falls 3% as adjusted EPS of 33 cents misses by 18 cents, even as revenue of $28.24 billion exceeds the $25.71 billion estimate, according to LSEG.
Medpace Holdings surges about 19% after Q2 results beat expectations and management raises FY earnings, revenue, and EBITDA guidance above prior forecasts.

Earnings results drive extended trading moves

As reported by CNBC, Alphabet shares fall more than 4% in extended trading after the company raises its 2026 capital expenditures forecast to a range of $195 billion to $205 billion. The company also reports fiscal second-quarter revenue of $119.8 billion, above LSEG expectations of $116.93 billion.

Tesla drops 3% after posting adjusted earnings of 33 cents per share for the latest quarter, missing expectations by 18 cents, while revenue of $28.24 billion comes in above the $25.71 billion expected, according to LSEG. IBM gains about 2% even after quarterly results trail consensus estimates, with adjusted earnings of $2.93 per share missing by 4 cents and revenue of $17.16 billion below the $17.58 billion estimate.

Las Vegas Sands loses 6% after missing Wall Street estimates on profit and revenue in its latest quarter. The casino operator posts adjusted earnings of 59 cents per share against the LSEG consensus of 75 cents, while revenue reaches $3.15 billion, below the $3.33 billion forecast.

Rollins drops about 10% after second-quarter results miss expectations, reporting earnings of 30 cents per share on revenue of $1.08 billion, short of FactSet consensus for 34 cents per share and $1.09 billion. Management cites slower growth in parts of its residential pest control business.

ServiceNow rises more than 2% after beating analyst estimates in the second quarter and raising its full-year subscription revenue outlook. The company reports adjusted earnings of 90 cents per share on revenue of $3.99 billion, ahead of LSEG consensus of 85 cents and $3.93 billion.

Guidance updates and corporate changes shape sentiment

Shutterstock falls 10% after suspending its quarterly dividend, adding to pressure after former CEO Paul Hennessy steps down effective immediately on July 13. The move comes two weeks after Getty Images walks away from a deal to acquire Shutterstock.

Medpace Holdings jumps about 19% after second-quarter earnings and revenue top analyst expectations and the company raises full-year earnings, revenue and EBITDA guidance above its prior forecasts. United Rentals also climbs 10% after reporting adjusted second-quarter earnings of $12.76 per share on revenue of $4.41 billion, ahead of FactSet expectations, and lifting its full-year revenue outlook to $17.5 billion to $17.8 billion.

CSX gains 4% as stronger intermodal shipment demand and higher prices help deliver better-than-expected second-quarter results. The railroad operator earns 54 cents per share, topping FactSet expectations by 2 cents, while revenue rises 10% to $3.94 billion, ahead of the $3.89 billion estimate.

Elsewhere, QuantumScape slips 3% even after reporting a narrower quarterly loss than expected and reaffirming full-year adjusted EBITDA loss guidance of $250 million to $275 million. Texas Instruments falls about 3% despite beating on earnings and revenue, Southwest Airlines declines 1% after revenue and third-quarter guidance miss estimates, and SL Green Realty is down more than 4% after second-quarter revenue comes in below analyst forecasts.

In our earlier coverage of CSX’s second-quarter results, we explained how the railroad posted higher revenue and profit as strong intermodal demand and improved pricing helped offset weakness in coal traffic and parts of the industrial economy. We also noted that rising fuel expenses underscored ongoing cost pressures even as CSX’s shares climbed in after-hours trading.

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