Here’s a look at some of the companies that were making waves in after-hours trading: Ford Motor Co. — Ford shares fell 11% after its second-quarter profit fell far short of Wall Street expectations due to a long-running warranty issue. Ford reported adjusted earnings per share of 47 cents, well below analysts’ expectations of 68 cents, according to LSEG. Auto sales of $44.81 billion were slightly above the consensus estimate of $44.02 billion. Chipotle — Shares rose nearly 2%. The burrito chain reported better-than-expected profits and sales on higher store traffic. Chipotle’s profits also rose compared to the same period a year ago as higher prices helped offset some of the costs. For the quarter, Chipotle reported adjusted earnings of 34 cents on sales of $2.97 billion, while analysts surveyed by LSEG were expecting 32 cents per share on sales of $2.94 billion. International Business Machines — IBM shares rose 3.8% after the company reported better-than-expected quarterly results. The company reported second-quarter adjusted earnings of $2.43 per share on revenue of $15.77 billion. Analysts surveyed by LSEG had expected earnings of $2.20 per share on revenue of $15.62 billion. IBM expects full-year free cash flow to be slightly higher than it said in April and said it is seeing more business tied to generative artificial intelligence. ServiceNow — The software company rose 6%. ServiceNow reported second-quarter adjusted earnings of $3.13 per share on revenue of $2.62 billion. Analysts surveyed by LSEG had expected earnings of $2.84 per share on revenue of $2.61 billion. Molina Healthcare — The managed care company rose 13%. Molina reaffirmed its full-year guidance of adjusted earnings of at least $23.50 a share, beating the consensus estimate of $23.09 a share, according to FactSet. Its second-quarter results also beat expectations on sales and profits. KLA Corporation — The semiconductor manufacturer rose about 3% after reporting a strong fourth-quarter financial report. KLA reported adjusted earnings of $6.60 a share, beating analysts’ expectations of $6.15 a share, according to LSEG. Revenue of $2.57 billion, also above the $2.52 billion estimate, was also positive. The company also revised up its first-quarter adjusted earnings and sales figures. Align Technology — Align, which makes Invisalign clear aligners, fell about 9% after issuing disappointing guidance and reporting quarterly revenue that was slightly below analysts’ expectations. Second-quarter adjusted earnings were $2.41 per share, compared with $2.30 per share expected by analysts surveyed by LSEG. Revenue for the quarter of $1.03 billion was slightly below the consensus estimate of $1.04 billion. The company said it expects lower clear aligner volume and systems and services revenue in the third quarter due to seasonality. Edwards Lifesciences — Shares of the heart valve systems maker fell more than 13%. LSEG said second-quarter adjusted earnings were 70 cents per share, just 1 cent above Street expectations. The company expects third-quarter revenue of $1.56 billion to $1.64 billion, while analysts were expecting $1.62 billion. O’Reilly Automotive — Shares of the auto parts retailer fell nearly 4% after O’Reilly missed expectations with its second-quarter results. The company posted earnings of $10.55 per share on revenue of $4.27 billion, while analysts were expecting earnings of $10.98 per share on revenue of $4.32 billion, according to FactSet. O’Reilly also gave a disappointing full-year earnings per share outlook. Viking Therapeutics – Shares rose more than 10% after the drug developer said it would advance experimental obesity treatment VK2735 into Phase 3 trials. The news, announced during a second-quarter earnings call, came after discussions with the Food and Drug Administration. The company said it plans to begin Phase 2 trials of an oral version of the drug in the fourth quarter. – CNBC’s Darla Mercado and Christina Cheddar-Burke contributed to the report.
Biggest movers in after-hours trading: CMG, IBM, F, NOW
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