Shares producing the most significant moves soon after hrs: Meta Platforms, ServiceNow, Align Technological innovation and additional

Shares producing the most significant moves soon after hrs: Meta Platforms, ServiceNow, Align Technological innovation and additional


A logo of Meta Platforms Inc. is witnessed at its booth, at the Viva Technologies conference committed to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022.
Benoit Tessier | Reuters

Check out the corporations earning headlines soon after the bell

Meta Platforms — The Facebook dad or mum plunged extra than 13% right after lacking earnings estimates for the third quarter. Meta conquer profits estimates, posting a far better-than-predicted drop year-around-yr but shared disappointing direction for the fourth quarter.

Ford Motor — Ford Motor shares dipped 1.1% in postmarket investing regardless of surpassing estimates on the top rated and base strains. The automaker took a $2.7 billion noncash writedown on its Argo AI undertaking, which resulted in an $827 million internet decline.

ServiceNow — The computer software inventory soared 12.4% postmarket as earnings for every share came in 12 cents forward of Wall Street anticipations. Other cloud stocks also rose in prolonged trading, which include Arista Networks, which extra far more than 7%.

KLA Corp. — The maker of chip tools included much more than 1% in after-hrs investing. KLA topped Wall Street’s estimates and lifted its forward direction. Other chip shares also received after several hours, which includes Nvidia, Sophisticated Micro Devices and Utilized Supplies.

Align Technology — The maker of Invisalign dental straighteners toppled 16.8% following lacking earnings estimates for the latest quarter. Adjusted earnings for every share came in at $1.36, while analysts predicted $2.18 a share.

Rest Variety — The retail inventory cratered extra than 20% in prolonged trading after issuing weak guidance as it copes with slowing demand and chip provide challenges. Slumber Amount topped Wall Street’s anticipations on the best and bottom strains in the quarter just ended.

Teladoc Overall health — The telehealth inventory jumped additional than 8% in prolonged investing on potent quarterly benefits and an upbeat outlook for the fourth quarter.

O’Reilly Automotive — Shares obtained additional than 3% soon after several hours subsequent a beat on income and earnings for the 3rd quarter. O’Reilly Automotive also lifted its assistance for the total year.

United Rentals —Shares dipped 1.6% postmarket soon after income in the current quarter fell shorter of Wall Avenue estimates. United Rentals’ board also approved a $1.25 billion share repurchase application.



Source

Stocks making the biggest moves midday: Penn Entertainment, Metsera, Six Flags & more
Finance

Stocks making the biggest moves midday: Penn Entertainment, Metsera, Six Flags & more

Check out the companies making the biggest moves midday: TreeHouse Foods — The food processor rallied 23% after announcing it’s being bought by European investment group Investindustrial for $22.50 per share in cash. That represents an 18% premium from Friday’s close. The deal values TreeHouse at nearly $3 billion. Tech stocks — Names tied to […]

Read More
Trump proposes 50-year mortgage, but some say homeowner savings would be minimal
Finance

Trump proposes 50-year mortgage, but some say homeowner savings would be minimal

watch now VIDEO3:2703:27 President Trump floats 50-year mortgage: Here’s how it could work Squawk on the Street In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response, Federal Housing Finance Agency director Bill Pulte, who oversees Fannie Mae and Freddie […]

Read More
Jim Chanos unwinds Strategy short as stock’s bitcoin premium collapses after 50% sell-off
Finance

Jim Chanos unwinds Strategy short as stock’s bitcoin premium collapses after 50% sell-off

Famed short seller Jim Chanos closed his closely-watched wager pitting Strategy against bitcoin , saying the valuation gap that once made the trade so compelling had largely vanished. Chanos said Saturday in a social media post on X that as of Friday’s market open he had unwound his pair trade of shorting Strategy and going […]

Read More