Several companies showed notable performance in midday trading, with Meta Platforms leading the pack after exceeding earnings expectations, boosting shares by 4%. The company highlighted ongoing resistance in advertising and increased investments in data center infrastructure. Wayfair also reported better-than-expected results, posting a profit instead of a loss. Align Technology saw a 2% increase in share value after surpassing earnings forecasts. Meanwhile, Microsoft experienced an 8% rise following strong fiscal third-quarter results, whereas Qualcomm faced challenges with an 8% drop due to lower-than-expected revenue guidance.
Shares of Meta Platforms jumped about 4% after the company beat earnings expectations, signaling ongoing advertising resilience amid macroeconomic uncertainty.
Wayfair's first-quarter results beat Wall Street's estimates, reporting an adjusted 10 cents per share on revenue of $2.73 billion, showcasing improvement in gross profit.
Align Technology reported adjusted earnings of $2.13 per share, topping analyst expectations, while noting that their U.S. clear aligners are made in Mexico.
Microsoft's shares increased by 8% after the company surpassed Wall Street expectations in the fiscal third quarter, issuing positive guidance for the full year.
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