Here’s a look at the companies making headlines after the bell: Meta Platforms — The social media giant’s shares are up more than 4%. Meta Platforms beat revenue and profit estimates in its most recent quarter, earning $5.16 per share on revenue of $39.07 billion. The company also made strong forecasts for the current period. QUALCOMM — Shares of Qualcomm rose nearly 6% after the chip company reported third-quarter earnings that beat Wall Street expectations and issued strong guidance for the quarter. Qualcomm reported adjusted earnings per share of $2.33 and adjusted revenue of $9.39 billion. The company expects sales in the current period to be between $9.5 billion and $10.3 billion. Arm Holdings — The U.K.-based semiconductor stock fell more than 10%. Arm expects fiscal second-quarter adjusted earnings per share to be between 23 cents and 27 cents, while analysts expect LSEG to be 27 cents. The decline came despite better-than-expected revenue and profits in the fiscal first quarter. Teladoc — The telemedicine stock fell 14% after second-quarter revenue missed expectations. Teladoc said its revenue was $642 million, while analysts polled by LSEG had forecast $650 million. The company also withdrew its full-year and long-term outlook. Etsy — The e-commerce stock edged up less than 1% on mixed quarterly results. Etsy’s revenue beat expectations, but adjusted earnings were 4 cents below LSEG’s consensus estimate of 45 cents per share. Cheesecake Factory – Shares of the restaurant chain rose less than 1%. Second-quarter adjusted earnings were $1.09 per share, beating consensus estimates of $1 per share, according to FactSet. However, revenue fell short of expectations, with Cheesecake Factory reporting $904 million versus analysts’ forecasts of $909.2 million. eBay — Shares of eBay edged down about 1% even as the e-commerce platform reported revenue and profit growth in the second quarter. eBay also forecast its third-quarter adjusted earnings per share would be between $1.15 and $1.20, above the $1.13 forecast in an LSEG analyst survey. Shares of data storage maker Western Digital fell 4%. Western Digital issued disappointing first-quarter revenue guidance of $4 billion to $4.2 billion. Analysts polled by London Stock Exchange Group (LSEG) expected the amount to be raised at $4.2 billion. The company had strong revenue and profit performance in its fiscal fourth quarter. Lam Research — Shares of Lam Research fell more than 2%. The semiconductor equipment maker’s revenue and profit topped Wall Street expectations. The company provided earnings per share guidance for the current quarter. MGM Resorts — Shares of MGM Resorts fell less than 1% despite reporting better-than-expected second-quarter results. MGM Resorts reported adjusted earnings of 86 cents per share on revenue of $4.33 billion. That beat analysts polled by LSEG who expected earnings of 62 cents per share and revenue of $4.22 billion. Kyndryl Holdings — Shares of Kyndryl Holdings rose less than 1% after the IT infrastructure services provider spun out of IBM reported mixed quarterly results. Kyndryl Holdings reported revenue of $3.74 billion, below the $3.79 billion expected by analysts polled by LSEG. CH Robinson — Shares of CH Robinson rose more than 8% after the logistics company reported mixed second-quarter results. Adjusted profit beat expectations, while revenue fell short of the $4.53 billion expected by analysts polled by London Stock Exchange Group (LSEG). —CNBC’s Alex Harring, Lisa Han, Jesse Pound and Darla Mercado contributed reporting.
