Check out the businesses making headlines after the bell : Align Technology — The orthodontics know-how firm added 3.6% after beating analysts’ expectations for its first-quarter outcomes. Align posted adjusted earnings of $2.14 per share on income of $997.4 million, greater than the $1.97 in earnings per share on income of $974 million that analysts polled by LSEG had anticipated. Meta Platforms — Shares of the tech titan plummeted about 12% after the guardian firm of Facebook issued lighter-than-expected second-quarter income steerage . However, Meta beat analysts’ expectations on each its prime and backside strains within the first quarter of the 12 months. Ford Motor — The vehicle inventory rose 2% after posting a first-quarter adjusted earnings beat and elevating its adjusted free money move outlook for 2024. On the opposite hand, Ford’s first-quarter income got here in under expectations. Ethan Allen Interiors — Shares slipped 4% after the house furnisher reported outcomes from its fiscal third quarter. Ethan Allen’s adjusted earnings got here out to 48 cents per share, down from 86 cents per share within the year-ago quarter. The firm’s $146.4 million income was additionally down 21% from the identical interval in 2023. International Business Machines — The world info know-how firm slid 6.6% after hours. First-quarter income of $14.46 billion missed consensus estimates of $14.55 billion, per LSEG. IBM stated overseas alternate would show a two-percentage-point headwind to 2024 income progress. IBM additionally agreed to purchase HashiCorp for $6.4 billion in enterprise worth. HashiCorp shares jumped greater than 4%. Whirlpool — The dwelling equipment firm added 2% after a first-quarter earnings beat. Whirlpool reported adjusted earnings of $1.78 per share on income of $4.49 billion, greater than the consensus estimate of $1.68 per share in earnings on income of $4.42 billion, in keeping with LSEG. Chipotle Mexican Grill — Shares of the burrito chain rose greater than 3% after posting first-quarter earnings that had been effectively above analysts’ estimates. Chipotle earned $13.37 per share, excluding objects, outpacing the $11.68 per share LSEG estimate, as site visitors to its eating places was strong. Lam Research — The wafer fabrication tools supplier slid 2%. For the fiscal third quarter, Lam Research posted adjusted earnings of $7.79 per share on income of $3.79 billion. Analysts polled by LSEG anticipated earnings of $7.30 per share and $3.72 billion in income. The firm additionally issued robust steerage on adjusted earnings per share for the present quarter. ServiceNow — The digital workflow firm dropped 5% after it narrowly beat analysts’ expectations for income within the first quarter. Revenue got here in barely greater than the Street’s forecast at $2.6 billion, versus the $2.59 billion anticipated, per LSEG. Adjusted earnings additionally surpassed estimates. Churchill Downs — The horse-racing and on line casino gaming firm climbed 5.4% postmarket. First-quarter earnings per share, excluding objects, in addition to income and adjusted earnings earlier than curiosity, taxes, depreciation and amortization, all exceeded analysts’ consensus estimates, in keeping with StreetAccount. United Rentals — The tools rental firm added 2.4% after posting a first-quarter adjusted earnings and income beat. United Rentals additionally lifted its income forecast for the complete 12 months of 2024. — CNBC’s Christina Cheddar-Berk, Darla Mercado and Scott Schnipper contributed reporting.
https://www.cnbc.com/2024/04/24/stocks-making-the-biggest-moves-after-hours-meta-ibm-cmg-now.html
