Meta headquarters in Menlo Park, California, US, on Thursday, July 21, 2022.
David Paul Morris | Bloomberg | Getty Photographs
Take a look at the corporations making headlines after the bell:
Meta Platforms – Stocks of Meta Platforms jumped just about 6% on stronger-than-expected quarterly effects. The social media corporate issued constructive gross sales steerage for the 1/3 quarter and confirmed an 11% uptick in earnings.
Chipotle Mexican Grill — The burrito chain’s inventory tumbled 9% in prolonged buying and selling after gross sales fell in need of Wall Side road expectancies. Chipotle reported adjusted profits of $12.65 a percentage on $2.51 billion in earnings. Analysts polled via Refinitiv had anticipated EPS of $12.31 and revenues of $2.53 billion.
Imax — Imax stocks added 5% after reporting better-than-expected quarterly effects. The leisure generation corporate reported adjusted profits of 26 cents a percentage. That crowned the 16 cents anticipated via analysts, according to Refinitiv. Income got here in at $98 million, above the $86.6 billion anticipated.
Lam Analysis – Stocks of the semiconductor company were given a greater than 2% spice up after the corporate reported a robust quarter. Lam posted adjusted profits of $5.98 according to percentage, beating estimates via 91 cents according to percentage, according to Refinitiv. Income of $3.21 billion beat expectancies of $3.13 billion. Monetary steerage crowned estimates as neatly.
ServiceNow — ServiceNow dropped 3% regardless of reporting a beat at the best and backside strains. The cloud computing corporate posted second-quarter adjusted profits of $2.37 according to percentage on earnings of $2.15 billion. Analysts had anticipated per-share profits of $2.05 on earnings of $2.13 billion. The corporate additionally unveiled new generative synthetic intelligence equipment.
eBay – The e-commerce inventory slid about 5% after eBay issued vulnerable steerage for the present quarter. The corporate mentioned it anticipates third-quarter adjusted profits according to percentage of 96 cents to $1.01 according to percentage, whilst analysts polled via FactSet expected $1.02 in profits. The corporate posted $1.03 in adjusted profits according to percentage on earnings of $2.54 billion. Analysts known as for profits of 99 cents according to percentage on earnings of $2.51 billion, in line with Refinitiv.
Sunnova Power – Stocks of the sun corporate slid greater than 7% after hours following weaker-than-expected monetary effects for the second one quarter. Sunnova posted a wider-than-expected lack of 74 cents according to percentage, whilst analysts anticipated a lack of 42 cents according to percentage, in line with FactSet. Income got here in at $166.4 million in comparison to expectancies of $195.5 million.
Align Generation – The orthodontics corporate noticed its stocks pop 12% after it posted adjusted profits of $2.22 according to percentage for the second one quarter, beating estimates of $2.03 according to percentage, in line with Refinitiv. Income for the quarter additionally crowned estimates, and earnings steerage for the yr used to be above analyst expectancies.
Mattel – Stocks of the toymaker have been flat. Mattel introduced the departure of Richard Dickson, leader working officer, who’s leaving to grow to be CEO of Hole. The corporate additionally posted second-quarter adjusted profits of 10 cents a percentage on earnings of $1.09 billion. Analysts known as for a per-share lack of 2 cents and earnings of $1 billion, in line with Refinitiv.
Seagate Generation — Stocks fell 2% in prolonged buying and selling. The knowledge garage corporate posted earnings for the fourth fiscal quarter that got here in at $1.60 billion, whilst analysts known as for earnings of $1.68 billion, according to FactSet.
L3Harris Applied sciences — The aerospace and protection inventory fell greater than 2% even after profits got here in above expectancies. L3Harris reported adjusted profits of $2.97 a percentage on $4.69 billion in earnings, and lifted profits and earnings steerage. Analysts expected $2.94 in EPS on earnings of $4.37 billion for the newest quarter, in line with Refinitiv. Aerojet Rocketdyne stocks added greater than 1% on information the Federal Business Fee is not going to block its acquisition via L3Harris.
— CNBC’s Tanaya Macheel, Sarah Min and Darla Mercado contributed reporting