The recent stock price changes are here. Take a look at the businesses making news after the bell.
Facebook stock price
Facebook stock took a hit on the heels of dismal quarterly earnings. On the back of poor results, shares fell roughly 22 percent. Meta posted EPS of $3.67, whereas analysts anticipated a profit of 3.84 per share, according to Refinitiv. The company’s present-quarter revenue guidance also came in below expectations.
Qualcomm stock price
Qualcomm‘s stock tumbled following the announcement of stronger-than-anticipated results for the previous quarter. The firm announced earnings of $3.23 per share on revenue of $10.7 billion, which beat analysts’ expectations by a penny a share and revenue estimates by 2%.
Align Technology stock price
Align Technology reported a greater-than-expected fourth-quarter profit. The company posted adjusted earnings of $2.83 per share, surpassing a StreetAccount forecast of $2.74 per share by nearly 10%. Shares nonetheless fell about 5% after hours following the announcement.
Spotify Technology stock price
Spotify‘s stock tumbled more than 11% after the firm announced slower subscriber growth in its quarterly earnings. In the fourth quarter, Spotify said premium subscribers increased by 16% year over year. That rate is down from 19% in the third quarter.
Qorvo stock stock price
The stock price of Qorvo fell roughly 4% on the back of mixed quarterly results. The chipmaker reported $2.98 per share in the prior quarter, exceeding a Refinitiv forecast of $2.76 per share. However, revenue of $1.11 billion was inline with expectations.
