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Stocks moving in after hours: Google, Microsoft, PacWest, Visa

Yahoo Finance

Yahoo Finance Live's Seana Smith looks at several stocks trending in the after-hours trading session.

Video transcript

- Let's get over to Seana Smith at the interactive.

SEANA SMITH: All right, guys. Let's take a look at four movers here after hours. We have Alphabet, Microsoft, PacWest, and Visa. Kicking it off with Alphabet with Google up just about 3.5% here in extended trading. Some strong numbers here from the company in its most recent earnings report. A beat on both the top and bottom line.

A bright spot in this report was its cloud growth. $7.5 billion, that's up 28% year over year. AI certainly been the buzzword so far this earnings season. It was in the second line of this earnings release. Again, you're looking at gains of just about 17% year to date.

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Flipping over to another tech giant and that is Microsoft. That stock up nearly 5% in extended trading. A beat there on both the top and bottom line. Cloud growth holding up better than what the Street was bracing for. You're looking at a gain just about 4.6%. When you take a look at the chart here for Microsoft that stock also moving to the upside since the start of the year, up just about 14%.

Flipping over to PacWest Bancorp, the regional bank play. That stock up 21% in extended trading. Still off about 55% year to date though. Putting this all in perspective, it was about total deposits. That's dropping 17% on quarter over quarter. But some encouraging commentary here within this report.

PacWest saying that deposits did stabilize in the latter part of March. They further increase by approximately 700 million as of yesterday following the quarter there. So that is exactly what investors want to hear when we talk about deposit growth and exactly what has been playing out with the regional banks following the collapse of Silicon Valley Bank and also most recently what we have seen in First Republic so far this week. So again, year to date stock off just about 55% in extended trading though up 21%.

And rounding it out with Visa. That stock up just about 2% in extended trading here. Revenue climbing higher payment volume was a big driver here up just about 10% from a year ago. Year to date you're looking at gains of just about 10%. Over the past year similar picture with shares up just about 9%. Dave?

DAVE BRIGGS: Seana, thank you.