Meta headquarters in Menlo Park, California, US, on Thursday, July 21, 2022.
David Paul Morris | Bloomberg | Getty Photographs
Take a look at the businesses making headlines after the bell:
Meta Platforms – Shares of Meta Platforms jumped practically 6% on stronger-than-expected quarterly outcomes. The social media firm issued optimistic gross sales steerage for the third quarter and confirmed an 11% uptick in income.
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Chipotle Mexican Grill — The burrito chain’s inventory tumbled 9% in prolonged buying and selling after gross sales fell wanting Wall Road expectations. Chipotle reported adjusted earnings of $12.65 a share on $2.51 billion in income. Analysts polled by Refinitiv had anticipated EPS of $12.31 and revenues of $2.53 billion.
Imax — Imax shares added 5% after reporting better-than-expected quarterly outcomes. The leisure know-how firm reported adjusted earnings of 26 cents a share. That topped the 16 cents anticipated by analysts, per Refinitiv. Income got here in at $98 million, above the $86.6 billion anticipated.
Lam Analysis – Shares of the semiconductor agency bought a greater than 2% enhance after the corporate reported a robust quarter. Lam posted adjusted earnings of $5.98 per share, beating estimates by 91 cents per share, per Refinitiv. Income of $3.21 billion beat expectations of $3.13 billion. Monetary steerage topped estimates as effectively.
ServiceNow — ServiceNow dropped 3% regardless of reporting a beat on the highest and backside strains. The cloud computing firm posted second-quarter adjusted earnings of $2.37 per share on income of $2.15 billion. Analysts had anticipated per-share earnings of $2.05 on income of $2.13 billion. The corporate additionally unveiled new generative synthetic intelligence instruments.
eBay – The e-commerce inventory slid about 5% after eBay issued weak steerage for the present quarter. The corporate stated it anticipates third-quarter adjusted earnings per share of 96 cents to $1.01 per share, whereas analysts polled by FactSet anticipated $1.02 in earnings. The corporate posted $1.03 in adjusted earnings per share on income of $2.54 billion. Analysts referred to as for earnings of 99 cents per share on income of $2.51 billion, in accordance with Refinitiv.
Sunnova Power – Shares of the photo voltaic firm slid greater than 7% after hours following weaker-than-expected monetary outcomes for the second quarter. Sunnova posted a wider-than-expected lack of 74 cents per share, whereas analysts anticipated a lack of 42 cents per share, in accordance with FactSet. Income got here in at $166.4 million in comparison with expectations of $195.5 million.
Align Expertise – The orthodontics firm noticed its shares pop 12% after it posted adjusted earnings of $2.22 per share for the second quarter, beating estimates of $2.03 per share, in accordance with Refinitiv. Income for the quarter additionally topped estimates, and income steerage for the 12 months was above analyst expectations.
Mattel – Shares of the toymaker have been flat. Mattel introduced the departure of Richard Dickson, chief working officer, who’s leaving to turn out to be CEO of Hole. The corporate additionally posted second-quarter adjusted earnings of 10 cents a share on income of $1.09 billion. Analysts referred to as for a per-share lack of 2 cents and income of $1 billion, in accordance with Refinitiv.
Seagate Expertise — Shares fell 2% in prolonged buying and selling. The info storage firm posted income for the fourth fiscal quarter that got here in at $1.60 billion, whereas analysts referred to as for income of $1.68 billion, per FactSet.
L3Harris Applied sciences — The aerospace and protection inventory fell greater than 2% even after earnings got here in above expectations. L3Harris reported adjusted earnings of $2.97 a share on $4.69 billion in income, and lifted earnings and income steerage. Analysts anticipated $2.94 in EPS on income of $4.37 billion for the newest quarter, in accordance with Refinitiv. Aerojet Rocketdyne shares added greater than 1% on information the Federal Commerce Fee is not going to block its acquisition by L3Harris.
— CNBC’s Tanaya Macheel, Sarah Min and Darla Mercado contributed reporting
