Check out the businesses making headlines after the bell:
Meta Platforms — Shares of the social media firm dipped 3% in prolonged buying and selling after lacking second-quarter estimates on the highest and backside traces. Meta Platforms posted its second back-to-back decline in year-over-year gross sales and shared disappointing steering amid a weakening advert surroundings.
Ford Motor — The automaker’s inventory jumped 6.3% after hours following a beat on earnings and income within the current quarter, helped partly by an adjusted working revenue that more than tripled over the earlier 12 months. Ford posted adjusted earnings of 68 cents a share on $37.91 billion in income.
Teladoc Health — Teladoc shares plummeted 21% regardless of a income beat after the corporate posted a $3 billion non-cash goodwill impairment cost.
Qualcomm — Qualcomm shares slipped 2.6% in prolonged buying and selling after the chip producer shared a disappointing forecast for the present quarter. Third-quarter earnings and income beat estimates, rising 53% and 37% year-over-year, respectively.
Etsy — Etsy shares surged 10% after the e-commerce firm posted earnings of 51 cents per share on revenues of $585 million within the current quarter. Analysts anticipated earnings of 31 cents a share on $556 million in income, in response to Refinitiv.
Best Buy — Shares of the buyer electronics retailer slipped 2% after it trimmed its steering for the fiscal 12 months. Best Buy cited weakening demand in an inflationary surroundings as the rationale for the adjustment.
Spirit Airlines — Spirit’s inventory added 2.4% after hours on information that it might halt its settlement to merge with fellow low cost provider Frontier. Shares of Frontier added 0.7% whereas shares of JetBlue, which supplied up a rival bid, slipped.
