Starbucks (SBUX)
The stock in the coffee shop franchise dropped as much as 6.7% in extended trading as the Q2 earnings report disappointed Wall Street and lost investor faith in the new CEO. The company has also faltered in its Chinese expansion, with customer visits up but per-customer spending declining.
Super Micro Computer (SMCI)
Shares in server giant Super Micro Computer plummeted 15% in after-hours trading. The drop occurred after the company released disappointing preliminary third quarter results, citing delayed customer platform decisions moving sales into the fourth quarter.
Seagate (STX)
Seagate Technology stock jumped over 8.9% after the data storage provider released positive guidance for Q4, pointing towards revenue of $2.40 billion and adjusted earnings of $2.40 per share.
