After-Hours Movers: Microsoft, Meta Platforms, eBay, Carvana, and More

After Market Closure Stock Movements: Microsoft (NASDAQ:MSFT) rose by 1% after the tech giant's first-quarter earnings per share surpassed estimates. Microsoft Cloud revenue increased by 22% year-over-year to $38.9 billion. Meta Platforms (NASDAQ:META) fell by 1% after announcing strong results for the third quarter but indicating that it would spend more this year than investors expected. Carvana (CVNA) surged by 21% after exceeding estimates and forecasting operating profit significantly above previous guidance. eBay (NASDAQ:EBAY) dropped by 8% following lackluster third-quarter results and disappointing guidance. Robinhood (NASDAQ:HOOD) fell by 8% after reporting quarterly revenue that came in below expectations despite a 36% year-over-year increase. Coinbase (NASDAQ:COIN) declined by 3% after missing consensus estimates on both the top and bottom lines. Etsy (NASDAQ:ETSY) rose by 13% after revenue surpassed consensus and it forecasted a slightly higher fee rate for the fourth quarter than previously expected. Altair (ALTR) gained after Siemens signed an agreement to acquire the company for $113 per share (approximately $10 billion in enterprise value).