Welcome to Extreme Investor Network, where we bring you the latest updates on the companies making waves in the financial world. Let’s dive into some of the top headlines after the bell:
1. Align Technology: This orthodontics technology company saw a 3.6% increase after surpassing analysts’ expectations for its first-quarter results. With adjusted earnings of $2.14 per share and revenue of $997.4 million, Align continues to impress investors.
2. Meta Platforms: Despite a 12% drop in share prices, the parent company of Facebook exceeded expectations in the first quarter. However, lighter-than-expected second-quarter revenue guidance led to the decline.
3. Ford Motor: With a 2% rise in stock prices, Ford posted a first-quarter adjusted earnings beat and raised its adjusted free cash flow outlook for 2024. Although first-quarter revenue fell below expectations, the company remains optimistic about its future.
4. Ethan Allen Interiors: Share prices slipped by 4% after the home furnisher reported results from its fiscal third quarter. Adjusted earnings and revenue were down compared to the year-ago quarter, signaling a challenging period for the company.
5. International Business Machines (IBM): IBM experienced a 6.6% drop in after-hours trading as first-quarter revenue missed consensus estimates. IBM’s acquisition of HashiCorp for $6.4 billion also made headlines, with HashiCorp shares jumping more than 4%.
6. Whirlpool: The home appliance company saw a 2% increase after reporting a first-quarter earnings beat. With adjusted earnings of $1.78 per share and revenue of $4.49 billion, Whirlpool continues to show resilience in a competitive market.
7. Chipotle Mexican Grill: Shares of the popular burrito chain rose more than 3% after posting first-quarter profits that exceeded analysts’ estimates. Chipotle’s strong performance was driven by robust restaurant traffic and a loyal customer base.
8. Lam Research: Despite a 2% decline, Lam Research posted impressive earnings for the fiscal third quarter. With adjusted earnings of $7.79 per share and revenue of $3.79 billion, the company remains a key player in the wafer fabrication industry.
9. ServiceNow: The digital workflow company dropped 5% after narrowly beating revenue expectations in the first quarter. Despite the slight miss, adjusted earnings surpassed estimates, showcasing ServiceNow’s resilience in a competitive market.
10. Churchill Downs: The horse-racing and casino gaming company climbed 5.4% postmarket after exceeding analysts’ consensus estimates for first-quarter earnings, revenue, and adjusted earnings before interest, taxes, depreciation, and amortization.
11. United Rentals: This equipment rental company added 2.4% after posting a first-quarter adjusted earnings and revenue beat. United Rentals also raised its revenue forecast for the full year of 2024, signaling positive growth prospects.
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