A logo of Meta Platforms Inc. is seen on the stand, at the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France on June 17, 2022.
Benoît Tessier | Reuters
Check out the companies making headlines by the hour:
Meta platforms — The Facebook parent plunged more than 13% after missing third-quarter earnings estimates. Meta beat revenue estimates, with a better-than-expected year-over-year decline, but shared disappointing guidance for the fourth quarter.
Ford Motor — Ford Motor shares fell 1.1% in post-market trade despite beating top- and bottom-line estimates. The automaker took a $2.7 billion non-cash write-down on its Argo AI venture, resulting in a net loss of $827 million.
Service Now — The software stock rose 12.4% after the market as earnings per share came in 12 cents ahead of Wall Street expectations. Other cloud stocks also rose in extended trading, including Arista Networks, which gained more than 7%.
KLA Corp. — The chip equipment maker added more than 1% in aftermarket trading. KLA topped Wall Street’s estimates and raised its forward guidance. Other chip stocks also rose after hours, including Nvidia, Advanced Micro Devices and Applied Materials.
Adjust technology — The maker of Invisalign braces tumbled 16.8% after missing earnings estimates for the last quarter. Adjusted earnings per share came in at $1.36, while analysts expected $2.18 per share.
Sleep number — The retail stock cratered more than 20% in extended trade after giving weak guidance as it grapples with slowing demand and chip supply issues. Sleep Number topped Wall Street expectations on the top and bottom lines in the most recent quarter.
Teladoc Health — Telehealth shares jumped more than 8% in extended trading on strong quarterly results and a positive outlook for the fourth quarter.
O’Reilly Automotive — Shares rose more than 3% after hours after a beat on third-quarter revenue and earnings. O’Reilly Automotive also raised its guidance for the full year.
United Rentals — Shares fell 1.6% after the market after revenue in the latest quarter fell short of Wall Street estimates. United Rentals’ board also approved a $1.25 billion share buyback program.