Several major U.S. companies reported quarterly earnings, resulting in notable stock movements and missed expectations for some firms. Starbucks reported second-quarter 2025 earnings of $0.41 per share, missing analyst expectations of $0.48, with revenue at $8.8 billion, slightly below the $8.81 billion forecast. The company cited weak same-store sales globally and in the U.S., leading to a stock decline of up to 11%. Starbucks CEO Brian Niccol stated, "Our financial results don’t yet reflect our progress, but we have real momentum with our 'Back to Starbucks' plan." Super Micro Computer (SMCI) released preliminary third-quarter 2025 earnings of $0.29 to $0.31 per share, significantly underperforming expectations of $0.54 per share. Revenue was projected between $4.5 billion and $4.6 billion, below the anticipated $5.5 billion. The company attributed the shortfall to delayed customer platform decisions, which shifted some sales into the next quarter. The stock fell as much as 20% following the announcement. Snap Inc. posted first-quarter 2025 revenue of $1.36 billion, surpassing expectations of $1.35 billion. Despite the revenue beat, the company declined to provide second-quarter guidance due to macroeconomic uncertainty, resulting in a stock drop of up to 15%. Snap's stock dropped 12.02% after hours. Visa reported second-quarter 2025 earnings of $2.76 per share, exceeding the $2.68 consensus, with revenue at $9.6 billion, slightly above expectations. The stock edged up 0.76% after hours. First Solar had first-quarter 2025 earnings of $1.95 per share, missing expectations of $2.44, with revenue of $845 million. The stock fell over 10% after hours. Seagate Technology reported third-quarter 2025 earnings of $1.90 per share and revenue of $2.19 billion, with the stock jumping 6.29% after hours. The broader U.S. stock market opened lower, with the S&P 500 down 1.3% and the Nasdaq 100 declining 1.9%, following weaker-than-expected GDP data and disappointing results from several high-profile companies.