Meta Plunges After Results, NVIDIA Up on Meta’s Capex Guidance By Investing.com

After-Hours Stock Movers:

Wolfspeed Inc (NYSE:) 27% LOWER; reported Q1 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). came in at $241.3 million versus the consensus estimate of $239.77 million.

Sleep Number Corporation (NASDAQ:) 23% LOWER; reported Q3 EPS of $0.22, $0.17 better than the analyst estimate of $0.05. came in at $541 million versus the consensus estimate of $544.98 million. Sleep Number Corporation sees FY2022 EPS of $1.50-$2.00, versus the consensus of $3.29.

Align Technology (NASDAQ:) 18% LOWER; reported Q3 EPS of $1.36, $0.82 worse than the analyst estimate of $2.18. came in at $890.3 million versus the consensus estimate of $973.03 million.

Meta Platforms Inc (NASDAQ:) 17% LOWER; reported Q3 EPS of $1.64, $0.29 worse than the analyst estimate of $1.93. came in at $27.71 billion versus the consensus estimate of $27.57 billion. Meta Platforms sees Q4 2022 revenue of $30-32.5 billion, versus the consensus of $32.3 billion.

FormFactor Inc (NASDAQ:) 16% LOWER; reported Q3 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. came in at $180.9 million versus the consensus estimate of $183.03 million. FormFactor sees Q4 2022 EPS of $0.00-$0.06, versus the consensus of $0.27. FormFactor sees Q4 2022 revenue of $160-150 million, versus the consensus of $183.7 million.

ServiceNow (NYSE:) 13% HIGHER; reported Q3 EPS of $1.96, $0.11 better than the analyst estimate of $1.85. came in at $1.93 billion versus the consensus estimate of $1.85 billion. For the full 2022-year, the company expects subscription revenues to be in the range of $6.865 – $6.870 billion.

Impinj (PI) 13% HIGHER; reported Q3 EPS of $0.34, $0.17 better than the analyst estimate of $0.17. Revenue for the quarter came in at $68.3 million versus the consensus estimate of $64.69 million.

Teladoc (NYSE:) 11% HIGHER; reported Q3 EPS of ($0.45), $0.12 better than the analyst estimate of ($0.57). came in at $611.4 million versus the consensus estimate of $608.76 million. Teladoc sees Q4 2022 EPS of ($0.40)-($0.10), versus the consensus of ($0.26). Teladoc sees Q4 2022 revenue of $625-640 million, versus the consensus of $637.25 million.

LendingClub (NYSE:) 9% LOWER; reported Q3 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. came in at $304.9 million versus the consensus estimate of $294.82 million.

Netgear, Inc. (NASDAQ:) 7% LOWER; reported Q3 EPS of $0.21, $0.13 better than the analyst estimate of $0.08. came in at $249.6 million versus the consensus estimate of $244.55 million. Netgear, Inc. sees Q4 2022 revenue of $235-250 million, versus the consensus of $270.56 million.

NVIDIA Corporation (NASDAQ:) 4% HIGHER; gains on higher Meta capex for this year and next.

Marvell Technology, Inc. (NASDAQ:) 3% HIGHER; gains on higher Meta capex for this year and next.

Advanced Micro Devices, Inc. (NASDAQ:) 3% HIGHER; gains on higher Meta capex for this year and next.

O’Reilly Automotive (NASDAQ:) 3% HIGHER; reported Q3 EPS of $9.17, $0.70 better than the analyst estimate of $8.47. came in at $3.8 billion versus the consensus estimate of $3.71 billion. O’Reilly Automotive sees FY2022 EPS of $32.35-$32.85, versus the consensus of $31.87. O’Reilly Automotive sees FY2022 revenue of $14.1-14.3 billion, versus the consensus of $14.15 billion.