Here’s a look at some of the companies that made headlines after the close: Meta Platforms — Shares of the social media giant rose more than 4%. Meta Platforms beat revenue and profit expectations for the most recent quarter, posting earnings of $5.16 per share on revenue of $39.07 billion. The company also gave a strong outlook for the current quarter. Qualcomm — The chip company rose nearly 6% after beating Wall Street’s expectations for the fiscal third quarter and issuing strong guidance for the current quarter. Qualcomm posted adjusted earnings of $2.33 per share on adjusted revenue of $9.39 billion. For the current period, the company expects sales to be in the range of $9.5 billion to $10.3 billion. Arm Holdings — The UK-based semiconductor stock fell more than 10%. Arm expected fiscal second-quarter adjusted earnings of 23 cents to 27 cents per share, while analysts were expecting 27 cents, according to LSEG.The decline came despite first-quarter sales and profits beating expectations. Teladoc — The telemedicine stock fell 14% after second-quarter revenue missed expectations. Teladoc reported record $642 million, while analysts surveyed by LSEG were expecting $650 million. The company also withdrew its full-year and long-term outlook. Etsy — The e-commerce stock rose less than 1% after mixed quarterly results. Etsy beat revenue expectations but its adjusted earnings missed LSEG’s expectations of 45 cents a share by 4 cents. Cheesecake Factory — The restaurant chain rose less than 1%. Second-quarter adjusted earnings of $1.09 a share beat the consensus estimate of $1 a share, according to FactSet. eBay — Shares fell about 1% after the e-commerce platform beat expectations on both second-quarter sales and profit. eBay also forecast third-quarter adjusted earnings of $1.15 to $1.20 per share, beating the $1.13 expected by analysts surveyed by LSEG. Western Digital — Shares of the data storage maker fell 4%. Western Digital gave a disappointing first-quarter revenue outlook of $4 billion to $4.2 billion. Analysts surveyed by LSEG were expecting $4.2 billion. The company beat expectations on fourth-quarter sales and profit. Lam Research — Shares of Lam Research fell more than 2%. The semiconductor equipment maker beat Wall Street expectations on sales and profit. The company gave its current-quarter earnings per share outlook in line with expectations. MGM Resorts — Resorts shares fell less than 1% despite reporting better-than-expected second-quarter results. MGM Resorts reported adjusted earnings per share of 86 cents on revenue of $4.33 billion. That beat the 62 cents per share earnings and $4.22 billion revenue expected by analysts surveyed by LSEG. Kindrill Holdings — Shares of the IT infrastructure services provider spun out of IBM rose less than 1% after reporting mixed quarterly results. Kindrill Holdings’ revenue was $3.74 billion, below the $3.79 billion expected by analysts surveyed by LSEG. C.H. Robinson — The logistics company rose more than 8% after reporting mixed second-quarter results. Adjusted earnings beat expectations, but revenue fell short of the $4.53 billion expected by analysts surveyed by LSEG. —CNBC’s Alex Harring, Lisa Han, Jesse Pound and Darla Mercado contributed reporting.
Biggest movers in after-hours trading: META, QCOM, ARM
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