Take a look at the businesses making headlines in after-hour buying and selling.
Meta — The Fb mum or dad jumped 17% after the corporate introduced a $40 billion inventory buyback when reporting quarterly outcomes. Meta beat analysts’ estimates for fourth-quarter income, based on Refinitiv. Meta additionally mentioned it misplaced $13.7 billion in 2022 within the enterprise unit accountable for the metaverse. Google mum or dad Alphabet added 3.7%, whereas Amazon gained 2%.
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Align Expertise — Shares of the orthodontics firm gained 14% after the corporate beat analysts’ estimates in its newest quarter. Align posted quarterly earnings of $1.73 per share on income of $902 million. Analysts polled by Refinitiv anticipated per-share earnings of $1.56 and income of $893 million. The corporate additionally introduced it can repurchase as much as $1 billion of its widespread inventory over the subsequent three years.
Hologic — The medical product maker gained 1.7% after reporting first-quarter earnings per share above expectations and former steering, based on FactSet. Hologic additionally mentioned its income was in keeping with expectations for the quarter.
e.l.f Magnificence – The cosmetics firm’s shares leapt 11% after e.l.f Magnificence exceeded analysts’ estimates in its fiscal third quarter. The corporate posted adjusted earnings of 48 cents per share on income of $146.5 million. Analysts known as for per-share earnings of 23 cents on income of $121.8 million, based on Refinitiv. The corporate additionally raised its full-year outlook.
C.H. Robinson — The freight inventory dropped 4% after C.H. Robinson missed expectations from analysts polled by Refinitiv for the fourth quarter. The corporate posted $1.03 earnings per share on $5.07 in income. That compares with analysts’ estimates of $1.38 in per-share earnings on $5.68 billion in income.
Snap — Shares of the social media firm added 1.2%, making up some floor after a selloff in the course of the day on the again of a disappointing fourth-quarter earnings report.
— CNBC’s Darla Mercado contributed reporting
