META, CMG, NOW and more

Take a look at the businesses making headlines after the bell: 

Meta Platforms – Shares of Meta Platforms jumped almost 6% on stronger-than-expected quarterly outcomes. The social media firm issued optimistic gross sales steerage for the third quarter and confirmed an 11% uptick in income.

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Chipotle Mexican Grill — The burrito chain’s inventory tumbled 9% in prolonged buying and selling after gross sales fell wanting Wall Road expectations. Chipotle reported adjusted earnings of $12.65 a share on $2.51 billion in income. Analysts polled by Refinitiv had anticipated EPS of $12.31 and revenues of $2.53 billion.

Imax — Imax shares added 5% after reporting better-than-expected quarterly outcomes. The leisure know-how firm reported adjusted earnings of 26 cents a share. That topped the 16 cents anticipated by analysts, per Refinitiv. Income got here in at $98 million, above the $86.6 billion anticipated.

Lam Analysis – Shares of the semiconductor agency obtained a greater than 2% enhance after the corporate reported a powerful quarter. Lam posted adjusted earnings of $5.98 per share, beating estimates by 91 cents per share, per Refinitiv. Income of $3.21 billion beat expectations of $3.13 billion. Monetary steerage topped estimates as properly.

ServiceNow — ServiceNow dropped 3% regardless of reporting a beat on the highest and backside traces. The cloud computing firm posted second-quarter adjusted earnings of $2.37 per share on income of $2.15 billion. Analysts had anticipated per-share earnings of $2.05 on income of $2.13 billion. The corporate additionally unveiled new generative synthetic intelligence instruments.

eBay – The e-commerce inventory slid about 5% after eBay issued weak steerage for the present quarter. The corporate stated it anticipates third-quarter adjusted earnings per share of 96 cents to $1.01 per share, whereas analysts polled by FactSet anticipated $1.02 in earnings. The corporate posted $1.03 in adjusted earnings per share on income of $2.54 billion. Analysts known as for earnings of 99 cents per share on income of $2.51 billion, in accordance with Refinitiv.

Sunnova Vitality – Shares of the photo voltaic firm slid greater than 7% after hours following weaker-than-expected monetary outcomes for the second quarter. Sunnova posted a wider-than-expected lack of 74 cents per share, whereas analysts anticipated a lack of 42 cents per share, in accordance with FactSet. Income got here in at $166.4 million in comparison with expectations of $195.5 million.

Align Know-how – The orthodontics firm noticed its shares pop 12% after it posted adjusted earnings of $2.22 per share for the second quarter, beating estimates of $2.03 per share, in accordance with Refinitiv. Income for the quarter additionally topped estimates, and income steerage for the yr was above analyst expectations.

Mattel – Shares of the toymaker had been flat. Mattel introduced the departure of Richard Dickson, chief working officer, who’s leaving to turn out to be CEO of Hole. The corporate additionally posted second-quarter adjusted earnings of 10 cents a share on income of $1.09 billion. Analysts known as for a per-share lack of 2 cents and income of $1 billion, in accordance with Refinitiv.

Seagate Know-how — Shares fell 2% in prolonged buying and selling. The information storage firm posted income for the fourth fiscal quarter that got here in at $1.60 billion, whereas analysts known as for income of $1.68 billion, per FactSet.

L3Harris Applied sciences — The aerospace and protection inventory fell greater than 2% even after earnings got here in above expectations. L3Harris reported adjusted earnings of $2.97 a share on $4.69 billion in income, and lifted earnings and income steerage. Analysts anticipated $2.94 in EPS on income of $4.37 billion for the most recent quarter, in accordance with Refinitiv. Aerojet Rocketdyne shares added greater than 1% on information the Federal Commerce Fee won’t block its acquisition by L3Harris.

— CNBC’s Tanaya Macheel, Sarah Min and Darla Mercado contributed reporting