Global Courant 2023-04-27 02:33:15
Visitors take photos in front of the Meta (Facebook) sign at the headquarters in Menlo Park, California, on Dec. 29, 2022.
Tayfun Coskun | Anadolu Agency | Getty Images
Check out the companies making headlines in extended trading.
Meta platforms — The Facebook parent scored 9% after announcing better-than-expected top results. Meta posted revenue of $28.65 billion, surpassing analysts’ estimate of $27.66 billion, according to Refinitiv data. Meanwhile, the company’s reverse venture Reality Lab posted nearly $4 billion in operating losses.
Roku — The TV streaming platform rose 2% after mixed Q1 results. Roku lost $1.38 per share, while analysts had expected a loss of $1.37 per share. Revenue beat estimates and came in at $741 million, versus an analyst estimate of $708.5 million. Roku also raised its outlook for current quarter revenue to $770 million, which is higher than Wall Street’s estimate of $768 million.
Ebay — The e-commerce platform rose 5.1% after Q1 earnings and revenue beat estimates. Ebay earned an adjusted $1.11 per share, better than the $1.07 estimate, and revenue of $2.51 billion, up from an estimate of $2.48 billion, according to data from Refinitiv. Ebay said it sees earnings per share between 96 cents and $1.01 for the second quarter, while analysts had estimated 99 cents per share. Ebay’s estimated revenue for the current quarter of $2.47 billion to $2.54 billion beat analysts’ consensus projection of $2.43 billion.
Align technologies — Orthodontics stock lost 5% in after-hours trading on Wednesday. The company’s first-quarter earnings and revenue topped analyst estimates, according to data from Refinitiv. Align shares are already up 68% so far in the report.
Serve now — The digital workflows business rose 1.2% after first-quarter earnings beat Wall Street expectations. Earnings per share of $2.37 beat analyst estimates by 33 cents, according to Refinitiv. The company posted revenues of $2.1 billion, against an estimate of $2.08 billion, and expectations for second-quarter and full-year subscription revenues were higher than expected.
Bank of the First Republic — Shares fell 1.6% after close on Wednesday, after falling nearly 30% in regular trading. The sell-off at the troubled regional lender has picked up steam since Monday, when it reported significant deposit flight in the last quarter.
KL — The semiconductor equipment manufacturer fell 2.4%. While the company’s quarterly profit and revenue topped analyst estimates, earnings and revenue expectations in the fiscal fourth quarter fell below expectations, according to data from FactSet.
Pioneer natural resources — The oil and gas business fell 2.2% after first-quarter earnings beat estimates while revenue lagged. Pioneer posted earnings per share of $5.21 versus analysts’ estimate of $4.86, while revenue was $4.54 billion, compared to an estimate of $4.89 billion, according to data from FactSet. Total cash flow and cash flow per share were a little light on estimates. Pioneer also announced plans for a new CEO to lead the company by the end of 2023.
