Meta headquarters in Menlo Park, California, US, on Thursday, July 21, 2022.
David Paul Morris | Bloomberg | Getty Images
Here are the companies making headlines after the bell:
Meta Platforms – Shares of Meta Platforms surged nearly 6% following better-than-expected quarterly results. The social media giant also provided an optimistic sales forecast for the third quarter and reported an 11% increase in revenue.
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Chipotle Mexican Grill – The stock of the popular burrito chain fell 9% after falling short of Wall Street’s sales expectations. Chipotle reported adjusted earnings of $12.65 per share on revenue of $2.51 billion, missing Refinitiv’s estimated EPS of $12.31 and revenues of $2.53 billion.
Imax – Imax shares rose 5% after reporting better-than-expected quarterly results. The entertainment technology company’s adjusted earnings per share of 26 cents exceeded analysts’ expectations of 16 cents, according to Refinitiv. Additionally, their revenue of $98 million outperformed the estimated $86.6 billion.
Lam Research – Shares of the semiconductor firm rose more than 2% after reporting strong quarterly results. Lam exceeded estimates with adjusted earnings of $5.98 per share, compared to Refinitiv’s estimate of $5.07 per share. Additionally, their revenue of $3.21 billion surpassed the expected $3.13 billion. The company also provided financial guidance that exceeded expectations.
ServiceNow – Despite reporting better-than-expected financial results for the second quarter, ServiceNow’s stock dropped 3%. The cloud computing company achieved adjusted earnings of $2.37 per share on revenue of $2.15 billion, surpassing analysts’ estimates of $2.05 per share and $2.13 billion in revenue. ServiceNow also unveiled new generative artificial intelligence tools.
eBay – Shares of the e-commerce giant declined approximately 5% after eBay provided weak guidance for the current quarter. eBay expects adjusted earnings per share of 96 cents to $1.01, while analysts projected $1.02 per share, according to Fact
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Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
