In a flurry of after-hours trading, several major companies experienced significant stock price movements following the release of their latest earnings reports. McKesson's shares fell by 3% after announcing its quarterly earnings, while Ford Motor's prediction of a challenging year ahead resulted in a 5% drop in its stock. Meanwhile, Skyworks Solutions saw a dramatic 23% decline in its share price after CEO Liam Griffin's decision to step down was announced.
Aflac reported adjusted earnings of $1.56 per share, falling short of analysts' expectations of $1.62 per share. The company's revenue also missed forecasts, coming in at $13.76 billion compared to the anticipated $13.86 billion. In contrast, Qualcomm exceeded market expectations with adjusted earnings of $3.41 per share and revenue totaling $11.67 billion, surpassing the predicted $10.93 billion.
Arm offered guidance for its fourth-quarter and fiscal-year adjusted earnings and revenue that aligned with analysts' estimates, providing a stable outlook amid the turbulent market. Allstate impressed investors by reporting fourth-quarter adjusted earnings of $7.67 per share, higher than the analysts' forecast of $6.30 per share.
Molina Healthcare also delivered positive results, with revenue reaching $10.50 billion and adjusted earnings of 71 cents per share, both figures exceeding analysts' expectations. However, Align Technology's shares tumbled by 5% following disappointing fourth-quarter earnings that left investors dissatisfied.
Helmerich & Payne experienced a 5% decline in its stock price after reporting a fiscal first-quarter revenue miss. Meanwhile, despite the leadership change announcement, Skyworks Solutions managed to post fiscal first-quarter adjusted earnings that topped analysts' forecasts.
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