Tech and Casino Stocks Move After Hours as Earnings Drive Market Reaction

Several major US stocks saw sharp moves in after-hours trading on Monday after companies released quarterly results and updates.

Visa (V) shares slipped after the payments giant issued weaker-than-expected guidance for the upcoming quarter. Even though earnings met expectations, the company warned of softer consumer spending trends, which weighed on investor sentiment.

Seagate Technology (STX) jumped after reporting earnings that beat Wall Street estimates. The company also issued an upbeat outlook, helped by strong demand for AI-related storage infrastructure.

Caesars Entertainment (CZR) traded lower. The casino operator missed revenue expectations, citing softer consumer activity and weaker performance in its digital betting business.

Mondelez International (MDLZ) also moved after hours. The snack maker reported revenue that aligned with forecasts, but rising input and packaging costs put pressure on margins. The company maintained its full-year outlook, which helped limit the stock’s decline.

Investors are watching earnings closely this week as markets trade at record levels. Many analysts say companies must deliver strong results and confident forward guidance to justify the market rally.