Stock Market

In this article

Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021.
Dado Ruvic | Reuters

Check out the companies making headlines after the bell

Meta Platforms — Meta Platforms’ stock surged more than 17% in extended trading after reporting a beat on earnings but a miss on revenue in the first quarter. Daily active users on Facebook also beat analyst expectations.

Qualcomm — Shares of the semiconductor rose 5% after hours following a beat on the top and bottom lines in the recent quarter driven in part by Android phone chip sales. Qualcomm reported adjusted revenue of $3.21 per share on revenues of $11.16 billion. Analysts surveyed by Refinitiv expected $2.91 a share on $10.60 billion in revenue.

PayPal — Shares of PayPal gained 3.2% after reporting adjusted earnings per share that fell in line with analysts’ estimates and a beat on revenue. The company slashed revenue and earnings per share guidance for the full year and issued weak guidance for the second quarter.

Ford — The automaker’s stock rose 4% after reporting adjusted earnings per share of 38 cents on $32.1 billion in revenues in the first quarter. Analysts surveyed by Refinitiv expected earnings of 37 cents per share on $31.13 billion in revenue. Ford said its stake in electric vehicle maker Rivian pulled profits lower.  

Amgen — Amgen shares dropped 5% despite a beat on the top and bottom lines in the previous quarter after disclosing a new dispute with the IRS, seeking billions in back taxes.

Las Vegas Sands — The casino and resort company dipped about 2% in extended trading after reporting a wider-than-expected loss and weaker-than-expected profit in the previous quarter, in part due to continued Covid-19 disruptions.

Pinterest — Shares of Pinterest soared more than 11% in extended trading after reporting a beat on the top and bottom lines in the recent quarter. Monthly active users fell 9% year-over-year to 433 million.

Mattel — Mattel’s stock gained 3.3% after the toy manufacturer reported a beat on revenue and an unexpected profit in the previous quarter.

Teladoc Health — Shares of the telehealth giant sank 38% after reporting a miss on revenue and sharing disappointing revenue guidance for the second quarter.

Articles You May Like

Dust settles with no radical change in statehouses
The Federal Reserve cuts interest rates by a quarter point after election. Here’s what that means for you
How violence became a theme of America’s election
Poorer voters flocked to Trump — and other data points from the election
Talen, Constellation and Vistra tumble after government rejects Amazon nuclear-data center agreement