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

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