Logo of Meta Platforms Inc. Its booth can be seen at the Viva Technology Conference dedicated to innovation and start-ups at the Porte de Versailles exhibition center in Paris, France, on June 17, 2022.
Benoit Tessier | Reuters
Check out the companies that made headlines after the bell:
meta platform — Facebook’s parent company’s shares plunged more than 13% after missing earnings estimates in the third quarter. Meta’s revenue beat estimates, with a better-than-expected year-over-year decline, but expectations for the fourth quarter were disappointing.
Ford — Ford Motor shares fell 1.1% in after-hours trading, despite topping revenue and profit estimates. The automaker took a $2.7 billion non-cash writedown of its Argo AI venture, resulting in a net loss of $827 million.
immediate service — Software stock surged 12.4% after hours as earnings per share beat Wall Street expectations by 12 cents. Other cloud stocks also rose in extended trading, including Arista Networks, which rose more than 7%.
KLA Corporation — The chip equipment maker rose more than 1 percent in after-hours trading. KLA beat Wall Street expectations and raised forward guidance. Other chip stocks also rose after the bell, including Nvidia, Advanced Micro Devices and Applied Materials.
Alignment technology — Shares of the maker of Invisalign dental braces jumped 16.8% after earnings missed estimates in the most recent quarter. Adjusted earnings per share came in at $1.36, compared with analysts’ expectations of $2.18 per share.
number of sleep — Retail stocks tumbled more than 20% in extended trading after issuing weak guidance as they grappled with slowing demand and chip supply concerns. Sleep Number beat Wall Street’s revenue and profit expectations in the just-ended quarter.
Tradock Health — Telehealth stock rose more than 8% in extended trading on strong quarterly results and an upbeat fourth-quarter outlook.
O’Reilly Auto — Shares rose more than 3% in after-hours after third-quarter revenue and earnings beat estimates. O’Reilly Automotive also raised its full-year guidance.
joint lease — Shares fell 1.6% in after-hours after revenue in the most recent quarter missed Wall Street’s expectations. United Rentals’ board also approved a $1.25 billion share repurchase program.