A woman holds a smartphone with the Meta logo in front of Facebook’s new rebranding logo, Meta, in this illustration photo taken on October 28, 2021.
Given Ruvic | Reuters
Take a look at the companies making headlines after the bell:
Metaplatforms — Meta Platforms Actions rose more than 17% in extended trading after reporting increased profits but lost revenue in the first trimester. Daily active users on Facebook also exceeded analyst expectations.
Qualcomm — Semiconductor shares rose 5% after the following hours a beat in the upper and lower lines in the last trimester fueled in part by sales of Android phone chips. Qualcomm reported adjusted earnings of $3.21 per share on revenue of $11.16 billion. Analysts surveyed by Refinitiv had expected $2.91 a share on $10.60 billion in revenue.
PayPal — PayPal shares gained 3.2% after reporting adjusted earnings per share that fell in line with analyst estimates and beat revenue. The company cut revenue and earnings per share guidance for the full year and issued weak guidance for the second quarter.
Ford — Shares of the automaker rose 4% after reporting adjusted earnings per share of 38 cents on $32.1 billion in revenue in the first trimester. Analysts polled by Refinitiv had expected earnings of 37 cents a share on $31.13 billion in revenue. Ford said its stake in electric vehicle maker Rivian hurt profits.
Amgen — Amgen shares fell 5% despite an improvement in results from the previous quarter after revealing a new dispute with the IRS, seeking billions in back taxes.
las vegas sands — The casino and resort company fell about 2% in extended operations after reporting a higher-than-expected loss and a lower-than-expected profit in the previous quarter, in part due to continued Covid-19 disruptions.
pinterest – Actions of Pinterest soared more than 11% in extended trading after reporting a beat on the upper and lower lines in the last trimester. Monthly active users fell 9% year over year to 433 million.
Mattel — Mattel shares rose 3.3% after the toymaker reported a rise in revenue and an unexpected profit in the previous quarter.
Health Teladoc — Shares of the telehealth giant sank 38% after reporting a revenue loss and sharing disappointing second-quarter earnings guidance.