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A emblem of Meta Platforms Inc. is seen at its sales space, on the Viva Know-how convention devoted to innovation and startups, at Porte de Versailles exhibition heart in Paris, France June 17, 2022.
Benoit Tessier | Reuters
Take a look at the businesses making headlines after the bell:
Meta Platforms — The Fb mum or dad plunged greater than 13% after lacking earnings estimates for the third quarter. Meta beat income estimates, posting a better-than-expected decline year-over-year however shared disappointing steerage for the fourth quarter.
Ford Motor — Ford Motor shares dipped 1.1% in postmarket buying and selling regardless of surpassing estimates on the highest and backside strains. The automaker took a $2.7 billion noncash writedown on its Argo AI enterprise, which resulted in an $827 million web loss.
ServiceNow — The software program inventory soared 12.4% postmarket as earnings per share got here in 12 cents forward of Wall Road expectations. Different cloud shares additionally rose in prolonged buying and selling, together with Arista Networks, which added greater than 7%.
KLA Corp. — The maker of chip tools added greater than 1% in after-hours buying and selling. KLA topped Wall Road’s estimates and raised its ahead steerage. Different chip shares additionally gained after hours, together with Nvidia, Superior Micro Units and Utilized Supplies.
Align Know-how — The maker of Invisalign dental straighteners toppled 16.8% after lacking earnings estimates for the current quarter. Adjusted earnings per share got here in at $1.36, whereas analysts anticipated $2.18 a share.
Sleep Quantity — The retail inventory cratered greater than 20% in prolonged buying and selling after issuing weak steerage because it copes with slowing demand and chip provide points. Sleep Quantity topped Wall Road’s expectations on the highest and backside strains within the quarter simply ended.
Teladoc Well being — The telehealth inventory jumped greater than 8% in prolonged buying and selling on sturdy quarterly outcomes and an upbeat outlook for the fourth quarter.
O’Reilly Automotive — Shares gained greater than 3% after hours following a beat on income and earnings for the third quarter. O’Reilly Automotive additionally lifted its steerage for the total 12 months.
United Leases —Shares dipped 1.6% postmarket after income within the current quarter fell wanting Wall Road estimates. United Leases’ board additionally approved a $1.25 billion share repurchase program.
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