Microsoft jumped 9% after reporting quarterly revenue of $90.01 billion and Azure growth of 43% at constant currency, beating estimates. Meta Platforms tumbled nearly 9% as earnings per share of $6.18 missed estimates by $1.04 and third-quarter revenue guidance came in below expectations. Teladoc Health plunged 18.5% after second-quarter revenue of $606.9 million fell short of forecasts and the company lowered its full-year revenue guidance. Starbucks rose 6% after beating earnings estimates with adjusted EPS of 85 cents and raising its full-year outlook. Fortinet soared 12% as strong second-quarter billings helped the company exceed analyst estimates.
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