Here’s a look at the companies making headlines in after-hours trading: Ford Motor Co. – Shares of Ford Motor Co. fell 11% after its second-quarter earnings fell well short of Wall Street expectations due to long-term warranty issues. The automaker reported adjusted earnings of 47 cents per share, well below analysts’ forecasts of 68 cents, according to LSEG. Automotive industry revenue was US$44.81 billion, slightly higher than the market consensus of US$44.02 billion. Chipotle — Shares rose nearly 2%. The burrito chain beat profit and revenue estimates due to increased restaurant traffic. Chipotle’s profit also increased from a year earlier as higher prices offset some of its costs. For the quarter, Chipotle reported adjusted earnings of 34 cents per share on revenue of $2.97 billion, while analysts polled by LSEG expected earnings of 32 cents per share on revenue of $2.94 billion. International Business Machines — IBM’s quarterly results beat expectations, sending shares up 3.8%. The company reported second-quarter adjusted earnings of $2.43 per share on revenue of $15.77 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $2.20 per share on revenue of $15.62 billion. IBM expects full-year free cash flow to be slightly higher than in April, and the company said it is seeing more business related to generating artificial intelligence. ServiceNow — Shares of the software company rose 6%. ServiceNow reported second-quarter adjusted earnings of $3.13 per share on revenue of $2.62 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $2.84 per share on revenue of $2.61 billion. Molina Healthcare — Shares of the managed care company rose 13%. Molina reiterated its full-year adjusted earnings guidance of at least $23.50 per share, compared with the consensus estimate of $23.09 per share, according to FactSet. Second-quarter results also beat revenue and profit expectations. KLA Corporation — Shares of the semiconductor manufacturing company rose nearly 3% after posting a positive fourth-quarter financial report. KLA reported adjusted earnings of $6.60 per share, beating analysts’ expectations of $6.15 per LSEG share. Revenue of $2.57 billion also exceeded expectations of $2.52 billion. The company also guided for higher first-quarter adjusted earnings and revenue numbers. Align Technology — Align, the maker of Invisalign clear aligners, fell about 9% after it issued disappointing guidance and reported quarterly revenue slightly below analysts’ expectations. Second-quarter adjusted earnings were $2.41 per share, while analysts polled by LSEG expected earnings of $2.30 per share. Revenue for the period was $1.03 billion, slightly below the consensus forecast of $1.04 billion. The company said it expects its clear aligner sales and systems and services revenue to decline due to seasonality in the third quarter. Edwards Lifesciences — Shares of the maker of heart valve systems fell more than 13%. Second-quarter adjusted earnings were just a penny above Wall Street expectations of 70 cents a share, according to LSEG. The company forecast third-quarter revenue between $1.56 billion and $1.64 billion, while analysts expected $1.62 billion. O’Reilly Automotive — Shares of the auto parts retailer fell nearly 4% after O’Reilly missed expectations in the second quarter. The company reported earnings of $10.55 per share on revenue of $4.27 billion, while analysts expected earnings of $10.98 per share on revenue of $4.32 billion, according to FactSet. O’Reilly also issued disappointing full-year earnings per share guidance. Viking Therapeutics — Shares of Viking Therapeutics rose more than 10% after the drug developer revealed it would advance its experimental obesity treatment VK2735 into Phase 3 trials. The news was disclosed in its second-quarter earnings report following discussions with the U.S. Food and Drug Administration. The company said an oral version of the drug will begin Phase 2 trials in the fourth quarter. —CNBC’s Darla Mercado and Christina Cheddar-Berk contributed reporting.
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