Check out the businesses making headlines after the bell: Netflix – The streamer saw its shares fall about 3%, even after the corporate reported quarterly earnings that beat top and bottom lines. Netflix said its subscriber count was up 16% in comparison with last 12 months, but added it could stop reporting paid memberships starting next 12 months. Intuitive Surgical – Shares of the robotic surgical solutions provider rose 1% after the corporate reported stronger-than-expected results. Intuitive Surgical reported adjusted earnings per share of $1.50 in its most up-to-date quarter, beating the $1.41 estimate, per LSEG. Sales of $1.89 billion were also barely above expectations. Western Alliance – Shares of the regional bank fell lower than 1% in prolonged trading after the corporate reported disappointing earnings. Western Alliance posted earnings per share of $1.60 in its most up-to-date quarter, 4 cents below a FactSet estimate. PPG Industries – The materials supplier saw shares fall 0.8% in after-hours trading after its adjusted earnings of $1.86 per share met expectations, in line with LSEG. PPG’s revenue of $4.31 billion was below the estimate of $4.43 billion. KB Home – The home builder rose nearly 2% after announcing that its board had approved a brand new $1 billion share buyback. The move replaces a previous approval that had $113.6 million remaining. KB Home also increased its dividend to 25 cents per share from 20 cents, payable on May 23.
Wednesday, November 27, 2024
