After-hours movers: Meta, Ford, IBM, ServiceNow and more

After-Hours Stock Movers:

Facebook parent Meta Platforms (NASDAQ: META) declined 12% it published revenue guidance for the second quarter of 2024 that disappointed investors, along with plans for higher than expected capital expenditures.

Snap (NYSE: SNAP) declined 5% and Pinterest (NYSE: PINS) declined 6% in sympathy with Meta. Alphabet (NASDAQ: GOOGL) shares were also lower.

Ford Motor (NYSE: F) climbed 2% after the automaker reported solid first quarter results and issued better than expected guidance for the year.

IBM (NYSE: IBM) declined 6% after it published lackluster first quarter results and announced a deal to buy HashiCorp, Inc (NASDAQ: HCP) for $6.4 billion.

ServiceNow (NYSE: NOW) slumped 5% after it issued second quarter guidance for subscription revenue that missed estimates.

Chipotle Mexican Grill (NYSE: CMG) rose 3.5% after it reported first quarter results that easily beat consensus figures, with comps outpacing estimates.

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