A smartphone with Fb’s brand is seen in entrance of displayed Fb’s new rebrand brand Meta on this illustration taken October 28, 2021.
Dado Ruvic | Reuters
Try the businesses making headlines after the bell Wednesday:
Meta Platforms — Shares of the Fb guardian plunged greater than 22% on the again of disappointing quarterly earnings. Meta reported earnings per share of $3.67, whereas analysts polled by Refinitiv anticipated a revenue of three.84 per share. The corporate’s current-quarter income steerage was additionally beneath expectations.
Qualcomm — Qualcomm shares whipsawed after the semiconductor maker posted better-than-expected outcomes for the earlier quarter. The corporate posted earnings of $3.23 per share on income of $10.7 billion. Analysts anticipated earnings of $3.01 per share on income of $10.42 billion, in accordance with Refinitiv.
Align Technology — Align Know-how reported a fourth-quarter revenue that was above expectations. The corporate earned an adjusted $2.83 per share, topping a StreetAccount estimate of $2.74 per share. Nonetheless, shares fell about 5% after hours.
Spotify Technology — Shares of the audio streaming firm dropped greater than 11%, after the corporate’s quarterly numbers confirmed a slowdown in subscriber development. Spotify stated premium subscribers grew by 16% yr over yr within the fourth quarter. That development price is down from 19% within the third quarter.
Qorvo — Qorvo shares dropped about 4% on the again of combined quarterly outcomes. The chipmaker earned $2.98 per share within the earlier quarter, topping a Refinitiv estimate of $2.76 per share. Nevertheless, the corporate’s income of $1.11 billion was according to expectations.