These are the stocks that made notable moves after the market closed on July 18. Netflix – The streaming giant fell lower than 1% after beating estimates on second-quarter revenue and earnings. Netflix reported earnings of $4.88 per share on $9.56 billion in revenue. Analysts surveyed by LSEG had expected $4.74 per share on $9.53 billion in revenue. The company forecast lower-than-expected third-quarter revenue despite strong membership growth. Intuitive Surgical – The biotech stock gained greater than 6% after a stronger-than-expected second-quarter report. Intuitive Surgical reported adjusted earnings of $1.78 per share on $2.01 billion in revenue. Analysts surveyed by LSEG had expected earnings of $1.54 per share on $1.97 billion in revenue. PPG Industries – Shares of the paint maker fell about 3% after the corporate’s third-quarter earnings guidance got here in below expectations. PPG expects third-quarter adjusted earnings per share of between $2.10 and $2.20, compared with the $2.28 per share expected by analysts, in keeping with LSEG. The company reported second-quarter adjusted earnings per share of $2.50, which was 2 cents above estimates. Plug Power – Shares of the green energy company fell 10% after the corporate said it plans to sell $200 million price of stock. Plug Power’s stock is on target for a fourth consecutive yr of losses and now trades for under $3 per share. Western Alliance – Shares of the regional bank hovered near the flat line after the corporate beat expectations for revenue and profit in its second-quarter report. Western Alliance reported earnings per share of $1.75 on revenue of $772 million. Analysts surveyed by LSEG had expected earnings per share of $1.71 on revenue of $738 million.
