Check out the companies making headlines in after hours trading. Qualcomm — Qualcomm shares fell 2% even after the chipmaker posted fiscal first-quarter results that beat expectations. Adjusted earnings per share of $2.75 were better than the anticipated $2.37 per share LSEG consensus estimate. Adjusted revenue came in at $9.92 billion, topping the $9.52 billion expected by analysts. Align Technology — Shares popped 10% after Align Technology reported fourth quarter results that surpassed estimates on the top and bottom lines. The orthodontics company reported adjusted earnings of $2.42 per share on revenue of $957 million. Analysts polled by LSEG were anticipating earnings of $2.18 per share on revenue of $934 million. Align also issued a rosy forecast for first quarter revenue. MaxLinear — The computer hardware stock slid 11% after MaxLinear issued first-quarter revenue guidance below analysts’ expectations. For the first quarter, MaxLinear expects revenue between $85 million to $105 million, weaker than the $121.8 million expected by analysts, according to FactSet. Boot Barn — Shares dropped nearly 2% after Boot Barn reported reported fiscal third-quarter earnings of $1.81 per share. That compares to $1.74 per share in the year-ago period. The retailer for cowboy boots and Western wear also issued fiscal fourth-quarter earnings and revenue guidance that came in weaker than expected, per FactSet MetLife — MetLife shares slid about 2% even after the life insurance company reported fourth-quarter earnings that exceeded expectations. Adjusted per-share earnings of $1.93 beat the forecasted $1.88 earnings per share, according to FactSet. Adjusted total adjusted revenue of $18.72 billion was higher than the $18.46 billion consensus estimate. Wolfspeed — Wolfspeed shares slid almost 2% after the semiconductor maker issued weak revenue guidance for the fiscal third quarter. Wolfspeed is calling for revenue of $185 million to $215 million, while analysts polled by FactSet sought revenue of $222.6 million. The company posted a narrower-than-expected loss and beat on revenue for the most recent quarter. Qorvo — Shares gained more than 5% after Qorvo issued fiscal reported third-quarter results that topped estimates. The semiconductor company posted adjusted earnings of $2.10 per share, topping the $1.66 per share FactSet consensus estimate. Revenue of $1.07 billion was more than the forecasted $1.00 billion.
Stocks making the biggest moves after hours: ALGN, QCOM, WOLF
