Check out the companies making headlines in after-hours trading: Microsoft — Shares dropped 6% after the tech giant reported disappointing results out of its cloud business. That overshadowed beats on both lines for the fiscal fourth quarter. Advanced Micro Devices — The chipmaker jumped 5% as second-quarter results surpassed estimates. AMD posted adjusted earnings of 69 cents per share and revenue of $5.84 billion, while analysts polled by LSEG called for 68 cents in earnings per share and $5.
21 per share, in line with analysts' expectations, per LSEG. Revenue for the period was $906 million, higher than the consensus forecast of $900 million. Caesars Entertainment — Shares of the gaming and hospitality company rose 3% despite a second-quarter report that showed revenue declining year over year. Caesars reported $2.8 billion in revenue for the second quarter, compared to $2.9 billion a year ago.
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