In after-hours trading, Alphabet's shares fell more than 4% after the company raised its capital expenditures forecast for 2026 to between $195 billion and $205 billion, driven by demand for artificial intelligence. Despite this, Alphabet reported fiscal second-quarter revenue of $119.8 billion, surpassing expectations of $116.93 billion.
Rollins saw a 10% drop in its stock after reporting second-quarter earnings of 30 cents per share on revenue of $1.08 billion, both figures falling short of Wall Street's expectations. Shutterstock's shares also fell 10% after suspending its quarterly dividend and the resignation of former CEO Paul Hennessy.
In contrast, ServiceNow's stock rose over 2% after it reported adjusted earnings of 90 cents per share on revenue of $3.99 billion, exceeding analyst estimates. Las Vegas Sands' shares dropped 6% following earnings of 59 cents per share, missing expectations, while SL Green Realty's revenue of $171.8 million also fell short of the consensus.
QuantumScape's shares slid 3% despite a narrower loss than expected, and Medpace Holdings surged about 19% after beating earnings and revenue estimates and raising its full-year guidance. CSX's stock increased by 4% due to strong demand and better-than-expected results, while IBM's shares rose about 2% despite missing consensus estimates.
Tesla's stock fell 3% after reporting adjusted earnings that missed expectations, although it beat revenue forecasts. Texas Instruments shares also fell 3% despite beating earnings and revenue estimates. Southwest Airlines' stock decreased by 1% after missing revenue estimates, while United Rentals rose 10% following an earnings beat and an increase in guidance