A Meta Platforms Inc. logo. can be seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022.
Benoît Tessier | Reuters
Check out the companies making headlines after the bell:
Meta Platforms — Parent Facebook fell more than 13% after missing revenue estimates for the third quarter. Meta beat revenue estimates, posted 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 postmarket trading despite better top and bottom line estimates. The automaker took a $2.7 billion non-cash writedown on its Argo AI venture, resulting in an $827 million net loss.
Service Today — The software stock rose 12.4% postmarket 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 added more than 7%.
KLA Corp. — The chip equipment maker added more than 1% in after-hours trading. KLA topped Wall Street estimates and raised its forward guidance. Other chip stocks also gained after hours, including Nvidia, Advanced Micro Devices and Applied Materials.
Align Technology — The maker of Invisalign dental straighteners fell 16.8% after missing earnings estimates for the most recent quarter. Adjusted earnings per share came in at $1.36, while analysts expected $2.18 per share.
Sleep Number — The retail stock fell more than 20% in extended trading after issuing weak guidance as it grapples with slowing demand and chip supply issues. Sleep Number topped Wall Street expectations on both the top and bottom lines in the quarter just ended.
Teladoc Health — The telehealth stock jumped more than 8% in extended trading on strong quarterly results and an upbeat outlook for the fourth quarter.
O’Reilly Automotive — Shares gained more than 3% after hours following a beat on revenue and earnings for the third quarter. O’Reilly Automotive also raised its guidance for the full year.
United Rentals — Shares fell 1.6% postmarket after earnings in the most recent quarter fell short of Wall Street estimates. United Rentals’ board also authorized a $1.25 billion share repurchase program.