By Connor Hart

Starbucks said second-quarter U.S. and global same-store sales fell 2% and 1%, respectively, marking the fifth consecutive quarterly decline. Adjusted per-share earnings of 41 cents missed the 49 cents that analysts expected, according to FactSet. Revenue increased to $8.76 billion but missed analyst views. CEO Brian Niccol said improvement in customer transactions was notable given the tough consumer environment. Shares fall 6.3%, to $79.50, in after-hours trading.

Snap withheld its second-quarter outlook, citing global macroeconomic uncertainty and its potential effect on advertising demand. The Snapchat operator said that some advertisers have curbed their ad spending due to the Trump administration's plans to close a loophole that previously waived tariffs for lower-priced goods. The disclosures came as the company reported a narrower loss and higher revenue in the first quarter. Shares tumble 14%, to $7.82, in post-market trading.

Super Micro Computer's preliminary third-quarter earnings came in well below its previously-issued guidance, dragged down by some customers delaying orders of new servers and computer products. The company now expects sales of $4.5 billion to $4.6 billion for its three months ended March 31, compared with prior guidance for sales of $5 billion to $6 billion. Analysts were looking for sales of $5.38 billion. Shares sink 15%, to $30.48, in after-hours trading.

Seagate Technology reported third-quarter adjusted earnings of $1.90, up from 33 cents a year earlier. Revenue for the quarter ended March 28 rose to $2.16 billion from $1.66 billion. The company, which has benefited from the boom in data centers due to artificial intelligence, said its results reflect structural enhancements, as well as a healthy supply-and-demand environment. Shares climb 9%, to $89, in post-market trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 29, 2025 19:38 ET (23:38 GMT)

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