After-hours movers: Meta jumps following results, Align sinks
After-Hours Stock Movers:
Endeavor Group Holdings, Inc. (NYSE: EDR) 24% HIGHER; announced the initiation of a formal review to evaluate strategic alternatives for the Company. Silver Lake said it is currently working toward making a proposal to take Endeavor private.
Align Technology (NASDAQ: ALGN) 22% LOWER; reported Q3 EPS of $2.14, $0.13 worse than the analyst estimate of $2.27. Revenue for the quarter came in at $960.2 million versus the consensus estimate of $998.68 million. Align Technology sees Q4 2023 revenue of $0.92-0.94 billion, versus the consensus of $1.02 billion. Align Technology sees FY2023 revenue of $3.83-3.85 billion, versus the consensus of $3.97 billion.
Edwards Lifesciences (NYSE: EW) 9% LOWER; reported Q3 EPS of $0.59, in-line with the analyst estimate of $0.59. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.48 billion. Edwards Lifesciences sees Q4 2023 revenue of $1.45-1.53 billion, versus the consensus of $1.54 billion.
ServiceNow (NYSE: NOW) 5% HIGHER; reported Q3 EPS of $2.92, $0.36 better than the analyst estimate of $2.56. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.27 billion. Sees FY Subscription revenues of $8.635-$8.64 billion.
O'Reilly Automotive (NASDAQ: ORLY) 4% HIGHER; reported Q3 EPS of $10.72, $0.33 better than the analyst estimate of $10.39. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.07 billion. O'Reilly Automotive sees FY2023 EPS of $37.80-$38.30, versus the consensus of $42.26. O'Reilly Automotive sees FY2023 revenue of $15.7-15.8 billion, versus the consensus of $15.677 billion.
Meta Platforms (NASDAQ: META) 3% HIGHER; reported Q3 EPS of $4.39, $0.75 better than the analyst estimate of $3.64. Revenue for the quarter came in at $34.15 billion versus the consensus estimate of $33.57 billion. Meta Platforms sees Q4 2023 revenue of $36.5-40 billion, versus the consensus of $36.64 billion.
IBM (NYSE: IBM) 2% HIGHER; reported Q3 EPS of $2.20, $0.07 better than the analyst estimate of $2.13. Revenue for the quarter came in at $14.75 billion versus the consensus estimate of $14.75 billion.
