Welcome to Extreme Investor Network, where we bring you the latest updates on the companies making headlines in the finance world. Today, we are diving into the after-hours movement of some key players in the market.
First up, Netflix. The streaming giant saw shares drop 3% despite beating quarterly earnings expectations. While subscriber numbers saw a significant increase, Netflix announced it will no longer report paid memberships starting next year.
Next, Intuitive Surgical, a provider of robotic-assisted surgical solutions, saw shares rise 1% after reporting stronger-than-expected results. With an adjusted EPS of $1.50 last quarter and revenue of $1.89 billion, Intuitive Surgical exceeded analyst estimates.
On the flip side, Western Alliance, a regional bank, saw shares dip slightly in after-hours trading after posting earnings below expectations. The firm reported an EPS of $1.60 for the latest quarter, falling 4 cents short of estimates.
PPG Industries, a materials supplier, also experienced a slight downturn in after-hours trading, with shares edging down 0.8%. Despite matching expectations with adjusted earnings of $1.86 per share, PPG’s revenue of $4.31 billion fell below estimates.
Lastly, KB Home, a homebuilder, made some positive moves in after-hours trading, advancing nearly 2%. The company announced a new $1 billion share repurchase authorization, along with a dividend increase to 25 cents a share from 20 cents.
Stay tuned to Extreme Investor Network for more updates and analysis on the latest market movements and trends. Don’t miss out on valuable insights to help you navigate the world of finance and investing.