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Meta leads the gainers after earnings beat, but Chipotle burnt, and more movers

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Meta Platforms Inc. stock META rose 8% after the Facebook and Instagram parent handily beat Wall Street expectations for its second quarter and ad revenue jumped.Meta Platforms Inc. stock META rose 8% after the Facebook and Instagram parent handily beat Wall Street expectations for its second quarter and ad revenue jumped.

Shares of Align Technology Inc. ALGN jumped nearly 14% after the maker of clear orthodontic braces and straighteners topped expectations with its latest quarterly financials. Mattel Inc. MAT late on Wednesday reported second-quarter results that beat estimates, but the toy maker held to its full-year outlook as the “Barbie” movie’s blowout debut weekend clashed with continued muted demand for toys. Shares fell 1.4%.

 

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