LB Premarket | Meta, Qualcomm fell 4%, results fell short of expectations! U.S. solar stocks soar

9. Meta's second-quarter revenue was $28.822 billion, net profit was $6.687 billion, and advertising revenue in the second quarter was $28.152 billion, compared with $28.58 billion in the same period last year. Total revenue in the third quarter of 2022 is expected to be between $26 billion and $28.5 billion.

10.Qualcomm's second-quarter revenue was $10.94 billion and net profit was $3.73 billion.

11. Comcast's second-quarter revenue was $30 billion and net profit was $3.396 billion.

Movement

U.S. stocks premarket, Dow futures, Nasdaq futures, S & P 500 futures fell 0.11%, 0.69%, 0.28%.

Spirit Airlines rose 4% after JetBlue announced it was buying Spirit Airlines for $33.50 a share.

Qualcomm fell nearly 4%, slightly beating expectations for its fiscal third quarter but missing guidance.

Teladoc Health fell more than 25%, with second-quarter revenue of $592 million and a net loss of $3.1 billion.

Ford Motor rose more than 6%, its Q2 results beat expectations, and its dividend increased by 50%.

Meta Platforms fell more than 4% after the Federal Trade Commission sought to block Meta Platforms' acquisition of VR company Within Unlimited.

Tesla rose nearly 1%, while Apple, Amazon, Microsoft, Google and Netflix all fell less than 1%.

Comcast fell more than 5% after reporting Q2 net profit of $3.396 billion, which fell short of market expectations.

Alibaba and Tencent Music fell more than 1%, Pinduoduo and JD.com fell nearly 2%, and Xiaopeng Motors and Li Auto Inc. fell more than 1%.

Solar stocks surged, with First Solar and SunPower up 10 %, SunRun up more than 11% and Enphase Energy up 3.7%. U.S. Senator Joe Manchin expressed support for a spending plan that includes funding for energy and climate projects.