Meta Platforms Inc.’s logo appears on its booth at the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France, on June 17, 2022.
Benoit Tessier | Reuters
Check out the companies making the headlines after the bell:
Meta Platforms – Facebook parent fell more than 13% after missing earnings estimates for the third quarter. Meta posted a better-than-expected year-over-year decline, beating revenue forecasts, but shared disappointing guidance for the fourth quarter.
Ford Engine — Ford Motor shares fell 1.1% in aftermarket trading despite beating estimates on the top and bottom lines. The automaker received a non-cash impairment of $2.7 billion on its Argo AI initiative, resulting in a net loss of $827 million.
ServiceNow — Software stock rose 12.4% after the sale as earnings per share came in 12 cents above Wall Street expectations. Other cloud stocks also rose in long-term trading, including Arista Networks, which gained more than 7%.
KLA Corp. — The chip equipment manufacturer added more than 1% in after-hours processing. The KLA beat Wall Street’s estimates and raised its forward guidance. Other chip stocks including Nvidia, Advanced Micro Devices and Applied Materials also rose hours later.
Alignment Technology — Invisalign dental straightener manufacturer surpassed 16.8% after missing earnings estimates for last quarter. Adjusted earnings per share were $1.36, while analysts were expecting $2.18 per share.
Sleep Number — Retail stock slumped more than 20% in long-term trading after publishing weak guidance as it grappled with slowing demand and chip supply issues. Sleep Count surpassed Wall Street’s expectations on the top and bottom lines in the just ended quarter.
Health — Telehealth stock rose more than 8% in expanded trading with strong quarterly results and an optimistic outlook for the fourth quarter.
O’Reilly Automotive — Shares gained more than 3% hours later, following a decline in revenue and earnings for the third quarter. O’Reilly Automotive also removed its guidance for the full year.
United Rentals —Shares fell 1.6% after the sale after revenue fell below Wall Street estimates last quarter. United Rentals’ board also authorized a $1.25 billion share repurchase program.