The PayPal app displayed on an iPhone
Katja Knupper | DeFodi Pictures | Getty Images
Check out the companies that are making headlines after the bell.
Facebook – The social media giant’s shares fell more than 3% after warning of a significant slowdown in growth as it reported quarterly earnings. Facebook surpassed analysts’ estimates for earnings and revenue, posting the fastest revenue growth since 2016 at 56%.
PayPal – PayPal stock plunged over 7% after hours after missing earnings in the second quarter and lower-than-expected guidance for the third quarter. The payment company reported earnings of $ 1.15 per share for the second quarter, beating analyst estimates by 3 cents per share.
Ford – The automaker’s stock rose more than 2% after raising its outlook for 2021, saying it sells more cars that are more expensive. Ford reported earnings for the second quarter of 13 cents per share on Wednesday afternoon, which slightly missed analysts’ estimates due to the ongoing global shortage of semiconductor chips.
Qualcomm – Qualcomm stock rose 3% in expanded trading after posting quarterly earnings that beat analyst estimates and giving a positive fourth quarter forecast. The company reported earnings of $ 1.92 per share and sales of $ 8 billion.
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