After the bell, the largest stock movements were made by Facebook, Spotify, and Qorvo.

Check out the companies making headlines after the bell Wednesday:

The stock price of Facebook's parent company, Meta, dropped over 22% following disappointing quarterly earnings. Despite analysts predicting a profit of $3.84 per share, Meta reported earnings per share of $3.67. Additionally, the company's revenue guidance for the current quarter did not meet expectations.

Despite posting better-than-expected results for the previous quarter, Qualcomm's stock price fluctuated after the semiconductor maker reported earnings of $3.23 per share on revenue of $10.7 billion. Analysts had predicted earnings of $3.01 per share on revenue of $10.42 billion, according to Refinitiv.

Despite earning an adjusted $2.83 per share, which exceeded StreetAccount's estimate of $2.74 per share, Align Technology's shares fell approximately 5% after hours.

The audio streaming company's shares dropped more than 11% after its quarterly numbers revealed a slowdown in subscriber growth. Despite this, Spotify reported that premium subscribers grew by 16% year over year in the fourth quarter, although this growth rate is lower than the 19% increase seen in the third quarter.

Qorvo's stock price dropped by 4% following mixed quarterly results. Despite earning $2.98 per share, which exceeded Refinitiv's estimate of $2.76 per share, the company's revenue of $1.11 billion was in line with expectations.