Alphabet Slips, Hit by Higher ‘TAC,’ Says Pivotal

Alphabet's shares slipped in late trading, despite a quarterly revenue and earnings beat. Baird said the earnings beat was propped up by a lower tax rate, while Pivotal Research said the company took on higher costs, known as "TAC," which has bad implications for future profitability.

Rambus Rising on Q2 Beat, Higher Q3 View

Chip technology maker Rambus, which has expanded into areas of digital payments and computer security, saw its shares rise by almost 3% in late trading, after it beat expectations for quarterly results, and forecast the current quarter higher as well.

Alphabet Slips Despite Q2 Revenue, EPS Beat

Google shares were down by 2% in late trading despite the company delivering decent upside to Wall Street estimates, as the number of clicks it delivers surged by 52%, offsetting pricing declines of 23%.

Skyworks Sags Even as Bulls Raise Targets, Dismiss iPhone Delays

Shares of Skyworks slipped despite a quarterly earnings beat and higher forecast. Bulls raised price targets and urged investors not to be upset about the potential for a delay in the manufacturing of Apple's next iPhone, in which Skyworks plays an increasingly prominent role, they contend.

Microsoft Sags: Buy the Cloud, Says FBN; Canaccord So Close to a Buy

Microsoft shares sagged on the company's lower-than-expected outlook, but FBN Securities's Shebly Seyrafi, look at the growth in the cloud business, advises investors to take the stock decline as a buying opportunity. Canaccord's Richard Davis is getting closer to upgrading the stock, and BMO's Keith Bachman loves the company's cash flow.