Stocks making the biggest moves after hours: Microsoft, Alphabet, Snap and more

Check out the companies making headlines in extended trading. Microsoft — Shares jumped more than 3% after the maker of Windows software and Xbox video games reported fiscal first-quarter results that topped analysts' estimates. Microsoft posted earnings per share of $2.99 on $56.52 billion in revenue. Meanwhile, analysts had forecast EPS of $2.65 on $54.50 billion in revenue, according to LSEG, formerly known as Refinitiv.

CEO Evan Spiegel highlighted a return to sales growth during the quarter. Shares had initially surged as high as 20% in postmarket trading, before reversing gains as investors processed news that some advertisers had paused spending after the onset of the Israel-Hamas war. Texas Instruments — Shares of the semiconductor designer and manufactuer fell 4.4% after a mixed earnings report. The company posted earnings of $1.85 per share, topping analyst estimates of $1.82, according to LSEG.

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