The market bulletin: Netflix earnings dip, Intuitive Surgical goes up, Western Alliance disappoints.
Check out the companies making headlines after the bell:
Although the company managed to reach the target of EPS and revenue growth, the shares of the company got a 3% dip. The streaming giant attributed a 16% increase in subscribers to the number of subscribers from the last year. Nevertheless, Sunday's disclosure that it would discontinue providing paid membership data in the coming year also contributed to the stock market's volatility.
Shares of the provider of robotic-assisted surgical solutions closed 1% higher after a strong quarterly results announcement. Intuitive Surgical again exceeded the analysts' estimates and reported an adjusted earnings per share of $1.50, against the expected $1.41. As for revenue, the company also announced $1.89 billion, which slightly beat Wall Street's expectations.
Regional bank shares fell by 0.7 percent after-hours trading yesterday. Western Alliance's latest quarter EPS reported at $1.60, fell short of the estimates as it missed the estimates of 4 cents.
The materials supplier's stock price experienced a slight drop of 0.8% after market close. The chemical company, PPG Industries, not only met analyst estimates but also reported adjusted earnings of $1.86 per share. Nevertheless, it realized $4.31 billion in revenue, which was comparatively lower than the estimated $4.43 billion
KB Home, on the bright side, recorded an increase of about 2% after a major announcement of a decision within the firm that had a positive effect on the market. The repurchase project set up by the KB Home’s Board of Directors was worth 1 billion dollars which expressed the board’s optimism about the company’s future. On top of that, KB Home raised its dividend to 25 cents per share from 20 cents, and the payment will be distributed on May 23.
During this tie, as the income season comes about, investors, therefore, move through a dynamic playground, harvesting ideas from corporate performances, and strategic wizardry. Every announcement confirming the extent of profits made is the critical milestone, forming the foundation for the investment strategies on the market and in the financial world that are ever changing
Trending
Latest Issue
