Stock Market

The Etsy website
Gabby Jones | Bloomberg | Getty Images

Check out the companies making headlines after hours.

PacWest, Western Alliance, Comerica – Shares of PacWest plunged more than 50% in extended trading following a Bloomberg News report that the regional bank was exploring strategic options, including a potential sale. The news weighed on other mid-sized banks as well. Shares of Western Alliance dropped 27%. Valley National‘s shares slid 13%, and Comerica fell nearly 12%.

SolarEdge Technologies — SolarEdge Technologies jumped about 9% after beating first-quarter expectations on the top and bottom lines. The firm reported adjusted earnings of $2.90 per share against a $1.92 estimate, on revenue of $944 million that topped a $933 million consensus, according to analysts polled by Refinitiv.

Etsy — Etsy jumped 6.7% after beating first-quarter revenue expectations. The online marketplace focused on handmade goods reported revenue of $641 million, topping the estimate of $622 million, according to consensus data from Refinitiv. Per-share earnings of 53 cents matched expectations.

Qualcomm — Qualcomm fell 2.2% after issuing weaker-than-expected third-quarter guidance. The semiconductor maker expects earnings per share between $1.70 and $1.90 earnings, lower than the consensus estimate of $2.16. Second-quarter revenue beat estimates, while per-share earnings came in as expected, according to Refinitiv.

Zillow Group — Shares popped 4.9% after Zillow Group topped first-quarter revenue estimates. The online real estate marketplace posted revenue of $469 million, above the $425 million estimate, according to analysts polled by Refinitiv. Zillow did not post per-share earnings information in its press release.

TripAdvisor — TripAdvisor slid 6.2% after disappointing first-quarter earnings results. The online travel firm posted adjusted earnings of 5 cents per share, lower than the consensus forecast for 7 cents per share, according to Refinitiv. Revenue of $371 million beat consensus estimates for $359 million.

Frontier Group Holdings — The stock added about 2% after Frontier Group Holdings posted a narrower-than-expected first-quarter loss. The firm reported a loss of 6 cents per share, better than the 8 cents per share loss expected by analysts, according to Refinitiv. Revenue topped estimates.

— CNBC’s Jesse Pound contributed reporting

Articles You May Like

Solar stocks tank on fears Trump will hamper clean energy progress, repeal IRA
Arizona town drops planned $70 million bond sale
US stocks stage rally as global markets await election result
Trump says Liz Cheney is ‘war hawk’ who should face ‘guns trained on her’
Trump and Harris make final appeals as US election goes down to the wire