Woman holding smartphone with Meta logo in front of a certain Facebook’s new rebrand logo Meta in this illustration taken October 28, 2021.
Given Ruvic | Reuters
Check out the companies that make headlines after the clock:
Meta Platforms – Meta Platforms’ stock rose more than 17% in expanded trading after reporting a slump in earnings, but missing out on revenue in the first quarter. Daily active users on Facebook also beat analysts’ expectations.
Qualcomm – Semiconductor shares rose 5% hours after hitting the top and bottom lines in the most recent quarter, driven in part by sales of Android phone chips. Qualcomm reported adjusted revenue of $ 3.21 per share. share with a turnover of 11.16 billion USD. Analysts surveyed by Refinitiv expected $ 2.91 a share of $ 10.60 billion in revenue.
PayPal – Shares in PayPal rose 3.2% after reporting adjusted earnings per share. The company reduced its expectations for revenue and earnings per. share for the full year and issued weak guidance for the second quarter.
Ford – The automaker’s share rose 4% after reporting adjusted earnings per share of 38 cents of $ 32.1 billion in revenue in the first quarter. Analysts surveyed by Refinitiv expected earnings of 37 cents per share of $ 31.13 billion in revenue. Ford said its stake in electric car maker Rivian pulled profits down.
Amgen – Amgen shares fell 5% despite a blow to the top and bottom lines in the previous quarter after revealing a new dispute with the IRS seeking billions in after-tax.
Las Vegas Sands – The casino and resort company fell about 2% in expanded trading after reporting a larger-than-expected loss and a weaker-than-expected profit in the previous quarter, in part due to continued Covid-19 disruptions.
Pinterest – Pinterest shares rose more than 11% in expanded trading after reporting a top- and bottom-line beat in the most recent quarter. Monthly active users fell 9% year-on-year to 433 million.
Mattel – Mattel’s share rose 3.3% after the toy maker reported a slump in revenue and an unexpected profit in the previous quarter.
Teladoc Health – The Telehealth giant’s shares fell 38% after reporting non-revenue and sharing disappointing second-quarter revenue expectations.