Stocks to Watch: Meta, Tenax, Align Technology, ProSomnus
February 01 2023 - 6:23PM
Dow Jones News
Sabela Ojea
Meta Platforms Inc. on Wednesday beat revenue expectations for
its latest quarter and reported improving conditions that point to
signs of recovery for the social-media giant, which has weathered
privacy restrictions and growing competition from rival TikTok.
Meta's board also authorized a $40 billion increase to its stock
buyback program. Shares jumped 20% in after-hours trading.
Tenax Therapeutics Inc. said it received a notice of allowance
from the U.S. Patent and Trademark Office for its patent
application, which covers "the use of IV levosimendan in the
treatment of pulmonary hypertension with heart failure with
preserved ejection fraction." Shares of the biotech surged 81% in
after-hours trading.
Align Technology Inc. reported fourth-quarter results that
topped Wall Street estimates. Shares of the maker of Invisalign
braces climbed 17% in after-hours trading.
ProSomnus Inc. reported a double-digit boost to its full-year
revenue. Shares of the sleep apnea mouthpiece maker increased 17%
in after-hours trading.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 01, 2023 19:08 ET (00:08 GMT)
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