Here’s a look at the companies making headlines after the bell: Meta Platforms — The social media giant’s shares are up more than 4%. Meta Platforms beat revenue and profit estimates in its most recent quarter, earning $5.16 per share on revenue of $39.07 billion. The company also made strong forecasts for the current period. QUALCOMM — Shares of Qualcomm rose nearly 6% after the chip company reported third-quarter earnings that beat Wall Street expectations and issued strong guidance for the quarter. Qualcomm reported adjusted earnings per share of $2.33 and adjusted revenue of $9.39 billion. The company expects sales in the current period to be between $9.5 billion and $10.3 billion. Arm Holdings — The U.K.-based semiconductor stock fell more than 10%. Arm expects fiscal second-quarter adjusted earnings per share to be between 23 cents and 27 cents, while analysts expect LSEG to be 27 cents. The decline came despite better-than-expected revenue and profits in the fiscal first quarter. Teladoc — The telemedicine stock fell 14% after second-quarter revenue missed expectations. Teladoc said its revenue was $642 million, while analysts polled by LSEG had forecast $650 million. The company also withdrew its full-year and long-term outlook. Etsy — The e-commerce stock edged up less than 1% on mixed quarterly results. Etsy’s revenue beat expectations, but adjusted earnings were 4 cents below LSEG’s consensus estimate of 45 cents per share. Cheesecake Factory – Shares of the restaurant chain rose less than 1%. Second-quarter adjusted earnings were $1.09 per share, beating consensus estimates of $1 per share, according to FactSet. However, revenue fell short of expectations, with Cheesecake Factory reporting $904 million versus analysts’ forecast of $909.2 million. eBay — Shares of eBay edged down about 1% even as the e-commerce platform reported revenue and profit growth in the second quarter. eBay also forecast its third-quarter adjusted earnings per share would be between $1.15 and $1.20, above the $1.13 forecast in an LSEG analyst survey. Shares of data storage maker Western Digital fell 4%. Western Digital issued disappointing first-quarter revenue guidance of $4 billion to $4.2 billion. Analysts polled by London Stock Exchange Group (LSEG) expected the amount to be raised at $4.2 billion. The company had strong revenue and profit performance in its fiscal fourth quarter. Lam Research — Shares of Lam Research fell more than 2%. The semiconductor equipment maker’s revenue and profit topped Wall Street expectations. The company provided earnings per share guidance for the quarter. MGM Resorts — Shares of MGM Resorts fell less than 1% despite reporting better-than-expected second-quarter results. MGM Resorts reported adjusted earnings of 86 cents per share on revenue of $4.33 billion. That beat analysts polled by LSEG who expected earnings of 62 cents a share and revenue of $4.22 billion. Kyndryl Holdings — Shares of Kyndryl Holdings rose less than 1% after the IT infrastructure services provider spun out of IBM reported mixed quarterly results. Kyndryl Holdings reported revenue of $3.74 billion, below the $3.79 billion expected by analysts polled by LSEG. CH Robinson — Shares of CH Robinson rose more than 8% after the logistics company reported mixed second-quarter results. Adjusted profit beat expectations, while revenue fell short of the $4.53 billion expected by analysts polled by LSEG. —CNBC’s Alex Harring, Lisa Han, Jesse Pound and Darla Mercado contributed reporting.
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved