Home Finance Meta, Qualcomm, Ford, PayPal and more

Meta, Qualcomm, Ford, PayPal and more

by Enochadmin

Lady holds smartphone with Meta emblem in entrance of a displayed Fb’s new rebrand emblem Meta on this illustration image taken October 28, 2021.

Dado Ruvic | Reuters

Try the businesses making headlines after the bell

Meta Platforms — Meta Platforms’ inventory surged greater than 17% in prolonged buying and selling after reporting a beat on earnings however a miss on income within the first quarter. Each day energetic customers on Fb additionally beat analyst expectations.

Qualcomm — Shares of the semiconductor rose 5% after hours following a beat on the highest and backside traces within the current quarter pushed partially by Android telephone chip gross sales. Qualcomm reported adjusted income of $3.21 per share on revenues of $11.16 billion. Analysts surveyed by Refinitiv anticipated $2.91 a share on $10.60 billion in income.

PayPal — Shares of PayPal gained 3.2% after reporting adjusted earnings per share that fell in step with analysts’ estimates and a beat on income. The corporate slashed income and earnings per share steering for the complete yr and issued weak steering for the second quarter.

Ford — The automaker’s inventory rose 4% after reporting adjusted earnings per share of 38 cents on $32.1 billion in revenues within the first quarter. Analysts surveyed by Refinitiv anticipated earnings of 37 cents per share on $31.13 billion in income. Ford stated its stake in electrical car maker Rivian pulled earnings decrease.  

Amgen — Amgen shares dropped 5% regardless of a beat on the highest and backside traces within the earlier quarter after disclosing a brand new dispute with the IRS, looking for billions in again taxes.

Las Vegas Sands — The on line casino and resort firm dipped about 2% in prolonged buying and selling after reporting a wider-than-expected loss and weaker-than-expected revenue within the earlier quarter, partially because of continued Covid-19 disruptions.

Pinterest — Shares of Pinterest soared greater than 11% in prolonged buying and selling after reporting a beat on the highest and backside traces within the current quarter. Month-to-month energetic customers fell 9% year-over-year to 433 million.

Mattel — Mattel’s inventory gained 3.3% after the toy producer reported a beat on income and an sudden revenue within the earlier quarter.

Teladoc Well being — Shares of the telehealth big sank 38% after reporting a miss on income and sharing disappointing income steering for the second quarter.

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