Check out the companies making headlines after the bell: Align Technology — The orthodontic technology company rose 3.6% after first-quarter results beat analysts’ expectations. Align’s adjusted earnings were $2.14 per share on sales of $997.4 million, beating the estimates of analysts surveyed by LSEG of $1.97 per share on sales of $974 million. META PLATFORM — The tech giant’s stock plunged about 12% after Facebook’s parent company released a lighter-than-expected second-quarter earnings outlook. However, Meta beat analysts’ expectations for both sales and bottom line profits in the first quarter of this year. Ford Motor — The auto stock rose 2% after the company reported higher first-quarter adjusted earnings and raised its 2024 adjusted free cash flow outlook. Meanwhile, Ford’s first-quarter sales were lower than expected. Ethan Allen Interiors — Shares fell 4% after the home furnishings company reported fiscal third-quarter results. Ethan Allen’s adjusted earnings were 48 cents per share, down from 86 cents per share in the year-ago period. The company’s revenue was $146.4 million, down 21% compared to the same period in 2023. International Business Machines — The global information technology company fell 6.6% in after-hours trading. LSEG said first-quarter revenue was $14.46 billion, below the consensus estimate of $14.55 billion. IBM said currency would be a 2 percentage point headwind to revenue growth in 2024. IBM also agreed to acquire HashiCorp for an enterprise value of $6.4 billion. Hashicorp’s stock price rose more than 4%. Whirlpool — The consumer electronics company rose 2% after reporting higher first-quarter profits. Whirlpool reported earnings of $1.78 per share on adjusted earnings of $4.49 billion, beating consensus estimates of $1.68 per share on earnings of $4.42 billion, according to LSEG. . Chipotle Mexican Grill — The burrito chain’s stock rose more than 3% after it posted first-quarter profits that far exceeded analysts’ expectations. Excluding merchandise, earnings per share of $13.37 exceeded LSEG’s estimate of $11.68 per share due to strong foot traffic to Chipotle restaurants. Lam Research — wafer fabrication equipment provider fell his 2%. For its fiscal third quarter, Lam Research reported adjusted earnings of $7.79 per share on revenue of $3.79 billion. Analyst estimates compiled by LSEG were for earnings of $7.30 per share and revenue of $3.72 billion. The company also issued strong guidance for adjusted earnings per share for the current quarter. ServiceNow — The digital workflow company fell 5% after its first-quarter revenue narrowly beat analysts’ expectations. According to LSEG, revenue came in at $2.6 billion, slightly higher than Street estimates of $2.59 billion. Adjusted profit also exceeded expectations. Churchill Downs — The horse racing and casino gaming company rose his 5.4% after market close. According to Street Accounts, first-quarter earnings per share excluding items, sales, and earnings before interest, taxes, depreciation, and amortization all exceeded analyst consensus estimates. United Rentals — The equipment rental company rose 2.4% after reporting first-quarter adjusted earnings and sales beats. United Rentals also revised its full-year 2024 revenue forecast upward. — CNBC’s Christina Cheddar Burke, Darla Mercado and Scott Schnipper contributed reporting.
Stocks whose prices fluctuate significantly after hours: META, IBM, CMG, NOW
