Meta Platforms — The Facebook parent slumped 22.4% after issuing weak guidance for the current quarter and missing earnings estimates for the third quarter. Meta Platforms also shared its second consecutive quarterly revenue, with its Reality Labs unit losing more than $9 billion, and got hit by a slew of analyst downgrades.
Caterpillar — Shares of the construction equipment maker jumped 8.2% following the company’s quarterly earnings report, which included beats on both the top and bottom lines. Earnings came in at $3.95 per share on revenue of $14.99 billion, compared to estimates of $3.16 per share on revenue of $14.33 billion, according to Refinitiv.
McDonald’s — The fast-food giant’s shares got a 2.8% lift after the company beat earnings expectations for its most recent quarter. Traffic is growing in U.S. restaurants, McDonald’s reported, even after raising prices.
Align Technology — The Invisalign maker saw its shares tumble 18% after it posted disappointing earnings for the most recent quarter. Align reported $1.36 per share in earnings on revenue of $890 million. Analysts expected $2.18 per share on revenue of $953 million, according to Refinitiv.
Credit Suisse — Shares of the Swiss bank plummeted 19.5% after Credit Suisse posted a greater-than-expected loss for the third quarter. Credit Suisse also shared a restructuring plan to overhaul its struggling business.
Sleep Number — Shares dropped 20% after Sleep Number issued a weak fourth-quarter outlook, citing softer demand and semiconductor supply chain issues.
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