Stocks making the biggest moves after hours: Netflix, Intuitive Surgical, Western Alliance and more
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Check out the companies making headlines after the bell : Netflix — The streamer saw shares drop about 3% even after the company reported quarterly earnings that beat on the top and bottom line. Netflix said subscribers jumped 16% from the previous year, but added it would no longer report paid memberships starting next year. Intuitive Surgical — Shares of the provider of robotic-assisted surgical solutions rose 1% after the company posted stronger-than-expected results. Intuitive Surgical reported an adjusted EPS of $1.50 last quarter, higher than an estimate of $1.41, per LSEG. Revenue of $1.89 billion also came in slightly above expectations. Western Alliance — The regional bank stock fell less than 1% in extended trading after the firm posted disappointing earnings. Western Alliance posted an EPS of $1.60 for the latest quarter, 4 cents below a FactSet estimate. PPG Industries — The materials supplier saw shares edge down 0.8% in afterhours trading after its adjusted earnings of $1.86 per share matched expectations, per LSEG. PPG’s revenue of $4.31 billion came in below an estimate of $4.43 billion. KB Home – The homebuilder advanced nearly 2% after announcing that its board of directors authorized a new $1 billion share repurchase. The move replaces an earlier authorization, which had $113.6 million remaining. KB Home also hiked its dividend to 25 cents a share from 20 cents, payable on May 23.
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