Check out the firms making headlines after the bell:
Meta Platforms — Shares of the social media firm dipped 3% in prolonged buying and selling after missing second-quarter estimates on the top and bottom lines. Meta Platforms posted its second back-to-back decline in year-over-year gross sales and shared disappointing steering amid a weakening advert setting.
Ford Motor — The automaker’s inventory jumped 6.3% after hours following a beat on earnings and revenue in the latest quarter, helped partly by an adjusted working earnings that more than tripled over the earlier yr. 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 firm posted a $3 billion non-cash goodwill impairment cost.
Qualcomm — Qualcomm shares slipped 2.6% in extended trading after the chip manufacturer 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 company posted earnings of 51 cents per share on revenues of $585 million in the latest quarter. Analysts anticipated earnings of 31 cents a share on $556 million in income, in response to Refinitiv.
Best Buy — Shares of the client electronics retailer slipped 2% after it trimmed its guidance for the fiscal year. Best Buy cited weakening demand in an inflationary setting as the cause for the adjustment.
Spirit Airlines — Spirit’s inventory added 2.4% after hours on news that it would halt its agreement to merge with fellow discount carrier Frontier. Shares of Frontier added 0.7% whereas shares of JetBlue, which supplied up a rival bid, slipped.