Earnings Movers| ALGN beats, stock drops; BA misses, stock up

@Tiger_Earnings
Let’s discover the promising or deteriorated stocks after earnings in "Movers & Shakers" on Tiger Trade app. Many stocks I’ve mentioned in the Earnings movers column showed continous upward or downward trend like $Chipotle Mexican Grill(CMG)$ and $Pepsi(PEP)$. In this article, we gonna brief four companies you should notice: $Meta Platforms, Inc.(META)$, $Align Technology(ALGN)$ , $Boeing(BA)$ and $Visa(V)$. 1. $Meta Platforms, Inc.(META)$ up 11.27% after sales increase and positive outlook Meta jumped 12% in extended trading after the company reported an unexpected increase in sales for the first quarter and issued better-than-expected guidance for the current period. EPS: $2.20 vs. $2.03 expected Revenue: $28.65 bln vs. $27.65 bln expected Meta’s first-quarter sales rose 3% from $27.91 billion a year earlier, after three straight periods in which revenue declined. For the second quarter, Facebook parent Meta expects revenue of between $29.5 billion and $32 billion, while analysts were expecting sales of $29.5 billion, according to Refinitiv. 2. $Align Technology(ALGN)$ plunged 8.05% despite beating estimates Align Technology Inc. dropped more than 8% despite a beat for the maker of Invisalign orthodontic braces and other medical devices. Align Technology Careers EPS: $1.82 vs. $1.69 Revenue: $943.1 mln vs. $903 mln Its outlook also beat the estimates: revenue between $980 million and $1 billion, higher than revenue guidance of $951 million by FactSet analysts. Its revenue beat the analysts’s estimates but dropped 3.1% compared to the same period in last year. Capital expenditures may exceed $200 mln for building construction and improvements as well as additional manufacturing capacity to support Align's ongoing international expansion. Another reason for $Align Technology(ALGN)$’s plummet is options contract. 3. $Boeing(BA)$ up 1.06% although it missed estimates Boeing shares were up nearly 1.06% before the bell after its earnings missed estimates. On the back of first-quarter earnings results that showed strong aircraft demand, Boeing said Wednesday it plans to increase output of 737 Max planes to 38 a month from 31 later this year. Airbus A380-800 | About BA | British Airways Boeing's commercial aircraft unit booked a 60% gain in revenue for the quarter. It delivered 130 airplanes during Q1, capped by a strong March and beating rival Airbus by three jets. Adjusted EPS: $-1.27 vs. $-1.07 Revenue: $17.92 bln vs. $17.57 bln 4. $Visa(V)$ up 0.37% and demonstrated resilience Visa Q2 23 earnings easily beat analyst forecasts with a 14% y-o-y rise in underlying net income to $4.4bn. Visa once again demonstrated its resilience in virtually any macroeconomic environment. The main catalyst for revenue growth currently is in international transactions, up 24%. EPS: $2.09 vs. $1.99 Revenue: $8 bln vs.$7.80 bln
Earnings Movers| ALGN beats, stock drops; BA misses, stock up

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