Great ariticle, would you like to share it?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 upDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.