February 21, 2024

Visitors pose for photos in front of the Meta (Facebook) logo at its headquarters in Menlo Park, Calif., Dec. 29, 2022.

Tayfun Coskun | Anadolu Agency | Getty Images

Check out the companies making headlines in extended deals.

meta platform —Facebook parent surged 9% after announcing better-than-expected revenue results. Meta reported revenue of $28.65 billion, topping analysts’ estimate of $27.66 billion, according to Refinitiv data. Meanwhile, the company’s metaverse venture, Reality Lab, posted an operating loss of nearly $4 billion.

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Year – The TV streaming platform rose 2 percent after mixed first-quarter earnings. Roku lost $1.38 a share, while analysts had expected a loss of $1.37 a share. Revenue topped estimates at $741 million, compared with analysts’ expectations of $708.5 million. Roku also raised its revenue forecast for the current quarter to $770 million, above Wall Street estimates of $768 million.

ebay – The e-commerce platform rose 5.1 percent after first-quarter earnings and revenue topped estimates. Ebay’s adjusted earnings per share were $1.11, beating estimates of $1.07, on revenue of $2.51 billion, compared with expectations for $2.48 billion, according to Refinitiv data. Ebay said it expects second-quarter earnings per share of between 96 cents and $1.01, compared with analysts’ forecast of 99 cents per share. Ebay estimated revenue for the quarter of $2.47 billion to $2.54 billion, topping analysts’ consensus forecast of $2.43 billion.

alignment technique — Orthodontics fell 5% in after-hours trading Wednesday. The company’s first-quarter earnings and revenue beat analysts’ expectations, according to Refinitiv data. Shares of Align have risen 68% year-to-date.

service now — The digital workflow company rose 1.2% after first-quarter earnings topped Wall Street expectations. Earnings per share were $2.37, beating analysts’ expectations by 33 cents, according to Refinitiv data. The company reported revenue of $2.1 billion, beating estimates of $2.08 billion, and subscription revenue guidance for the second quarter and full year was higher than expected.

first republic bank — Shares fell 1.6 percent after hours on Wednesday after falling nearly 30 percent during the regular session. The sell-off at the troubled regional lender has intensified since Monday, when it reported a large deposit flight in its latest quarter.

Academy of Sciences — Semiconductor equipment makers fell 2.4 percent. While the company’s quarterly earnings and revenue topped analysts’ expectations, its fiscal fourth-quarter earnings and revenue guidance came in below expectations, according to FactSet.

Pioneer Natural Resources — The oil and gas company fell 2.2 percent after first-quarter earnings topped estimates and revenue missed estimates. Vanguard reported earnings of $5.21 per share, compared with analysts’ expectations of $4.86, on revenue of $4.54 billion, compared with analysts’ expectations of $4.89 billion, according to FactSet. Total cash flow and cash flow per share were lower than expected. Pioneer also announced plans to appoint a new CEO to lead the company by the end of 2023.