Meta shares fall on forecast of advertising slowdown as Mattel stock drops on warning

IBM stock
IBM,
+5.21%
rose more than 4% as the technology giant’s results came in ahead of forecast.

Shares of ServiceNow Inc.
NOW,
+4.58%
jumped more than 4% after a strong subscription sales quarter.

Willis Tower Watson PLC’s stock
WTW,
+11.16%
is up more than 11% following the company’s third-quarter results.

Stock decliners:

Meta Platforms Inc.
META,
-2.84%
shares fell more than 4% after the firm’s CFO warned of slower advertising revenues in the fourth quarter, following the publication of analyst beating results in the third quarter that showed rising digital-advertising revenue.

Arista Networks Inc.‘s stock
ANET,
-7.60%
dropped more than 8%, while Nvidia Corp.‘s stock
NVDA,
-2.04%
was down more than 3%, after Meta came out with a lower capital-spending outlook than analysts had been modeling for next year.

Mattel Inc.‘s stock
MAT,
-6.86%
fell more than 7% even as the toy maker beat analysts expectations in the third quarter after warning of slower demand during the holiday season.

Whirlpool Corp. shares
WHR,
-14.74%
fell more than 15% after the appliances maker beat Wall Street expectations for its third quarter but lowered its per-share earnings guidance for the year.

Shares of Align Technology Inc.
ALGN,
-24.48%
sunk more than 24% after the Invisalign orthodontics maker posted quarterly earnings that trailed expectations.

After making initial gains Thursday, Ford Motor Co. stock fell more than 1.5% after the United Auto Workers said it reached a pay deal with the automaker, which also reports results after the closing bell.

Imax Corp. stock IMAX pulled back after initial gains, and is down 0.5% after the high-end movie theater operator reported third-quarter results that beat analysts’ top and bottom line estimates Wednesday.