Meta Platforms, Qualcomm, Western Digital, Carvana: Insights from Investing

After-Hours Stock Movers:

Meta Platforms saw a 4% increase following the announcement of strong second-quarter results and optimistic guidance, boosted by a 10% year-over-year rise in ad impressions across its applications.

Qualcomm experienced a 6.5% gain after reporting quarterly results that surpassed expectations on both revenue and earnings. The company also provided encouraging EPS guidance, citing successful execution of its growth and diversification strategy for the upcoming quarter.

Western Digital faced a 4.3% decrease despite exceeding second-quarter EPS estimates, as its guidance fell short of consensus predictions.

Teladoc declined by 12% after its second-quarter revenue fell short of expectations. The company now anticipates its full-year 2024 revenue growth to be in the low to mid-single digits on a year-over-year basis.

Carvana surged 15% after showcasing impressive revenue and operating profit for the second quarter, reflecting the distinct strength of its customer offerings and business model, according to management.