Look at out the companies building headlines soon after the bell : Align Technology — The orthodontics technological innovation firm extra 3.6% right after beating analysts’ expectations for its initially-quarter benefits. Align posted modified earnings of $2.14 for every share on profits of $997.4 million, greater than the $1.97 in earnings per share on revenue of $974 million that analysts polled by LSEG experienced envisioned. Meta Platforms — Shares of the tech titan plummeted about 12% soon after the parent corporation of Facebook issued lighter-than-expected 2nd-quarter income steering . Even so, Meta conquer analysts’ expectations on both of those its leading and bottom strains in the initial quarter of the 12 months. Ford Motor — The car inventory rose 2% immediately after submitting a initial-quarter modified earnings beat and elevating its altered cost-free hard cash circulation outlook for 2024. On the other hand, Ford’s to start with-quarter revenue came in underneath expectations. Ethan Allen Interiors — Shares slipped 4% after the household furnisher noted success from its fiscal 3rd quarter. Ethan Allen’s adjusted earnings arrived out to 48 cents for every share, down from 86 cents per share in the calendar year-in the past quarter. The firm’s $146.4 million earnings was also down 21% from the identical period of time in 2023. Global Small business Devices — The international details know-how business slid 6.6% soon after hours. 1st-quarter revenue of $14.46 billion missed consensus estimates of $14.55 billion, for every LSEG. IBM explained overseas trade would show a two-proportion-place headwind to 2024 earnings advancement. IBM also agreed to get HashiCorp for $6.4 billion in enterprise benefit. HashiCorp shares jumped additional than 4%. Whirlpool — The dwelling appliance corporation included 2% soon after a initial-quarter earnings defeat. Whirlpool described modified earnings of $1.78 for each share on profits of $4.49 billion, bigger than the consensus estimate of $1.68 for each share in earnings on revenue of $4.42 billion, in accordance to LSEG. Chipotle Mexican Grill — Shares of the burrito chain rose extra than 3% following posting first-quarter income that were very well previously mentioned analysts’ estimates. Chipotle gained $13.37 for every share, excluding items, outpacing the $11.68 per share LSEG estimate, as targeted visitors to its places to eat was sturdy. Lam Investigate — The wafer fabrication tools company slid 2%. For the fiscal 3rd quarter, Lam Exploration posted adjusted earnings of $7.79 per share on revenue of $3.79 billion. Analysts polled by LSEG anticipated earnings of $7.30 for each share and $3.72 billion in earnings. The company also issued solid steering on altered earnings for every share for the recent quarter. ServiceNow — The digital workflow firm dropped 5% following it narrowly conquer analysts’ anticipations for earnings in the initial quarter. Income came in a little larger than the Street’s forecast at $2.6 billion, compared to the $2.59 billion anticipated, for every LSEG. Modified earnings also surpassed estimates. Churchill Downs — The horse-racing and casino gaming firm climbed 5.4% postmarket. Initial-quarter earnings per share, excluding products, as well as revenue and adjusted earnings just before interest, taxes, depreciation and amortization, all exceeded analysts’ consensus estimates, in accordance to StreetAccount. United Rentals — The products rental organization added 2.4% immediately after submitting a first-quarter modified earnings and revenue beat. United Rentals also lifted its profits forecast for the comprehensive year of 2024. — CNBC’s Christina Cheddar-Berk, Darla Mercado and Scott Schnipper contributed reporting.
