Tech stocks split after earnings; Chipotle, Carvana rise, ServiceNow falls

Major tech stocks moved sharply in extended trading Wednesday after quarterly earnings reports. Alphabet fell 9% on weak search revenue and negative free cash flow, while Microsoft rose 2% on strong Azure growth. Chipotle gained over 5% after same-store sales grew 2.1%, beating the 1.5% estimate. ServiceNow tumbled 15% on missed profit and guidance, and Fortinet plunged 25% on lower-than-expected gross margin. DoorDash fell 1% on reports of a potential Instacart acquisition. Other movers included Carvana up 10% on strong results, Sprouts Farmers Market down 18% on missed estimates, and Ford falling nearly 2% despite beating earnings. FedEx and Honeywell also declined slightly after hours.