After-Hours Stock Movers
PacWest Bancorp (NASDAQ:PACW) 28% HIGHER; Banc of California (NYSE:BANC) and PacWest Bancorp (PacWest) today announced the signing of a definitive agreement pursuant to which the companies will combine in an all-stock merger transaction. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, PacWest will merge into Banc of California, and Banc of California, N.A. will merge into Pacific Western Bank.
Snap (NYSE:SNAP) 17% LOWER; reported Q2 EPS of ($0.02), $0.23 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.05B. Snap sees Q3 2023 revenue of $1.07-1.13B, versus the consensus of $1.01B.
Alphabet (NASDAQ:GOOGL) 8% HIGHER; reported Q2 EPS of $1.44, $0.10 better than the analyst estimate of $1.34. Revenue for the quarter came in at $74.6B versus the consensus estimate of $72.82B.
Teladoc (NYSE:TDOC) 8% HIGHER; reported Q2 EPS of ($0.40), $0.01 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $652.4 million versus the consensus estimate of $649.2M. Teladoc sees Q3 2023 EPS of ($0.50)-($0.40), versus the consensus of ($0.33). Teladoc sees Q3 2023 revenue of $650-675M, versus the consensus of $663.1M. Teladoc sees FY2023 EPS of ($1.60)-($1.25), versus the consensus of ($1.34). Teladoc sees FY2023 revenue of $2.6-2.675B, versus the consensus of $2.63B.
Tenable Holdings, Inc. (NASDAQ:TENB) 8% HIGHER; reported Q2 EPS of $0.22, $0.09 better than the analyst estimate of $0.13. Revenue for the quarter came in at $195M versus the consensus estimate of $190.26M. Tenable Holdings, Inc. sees Q3 2023 EPS of $0.18-$0.19, versus the consensus of $0.16. Tenable Holdings, Inc. sees Q3 2023 revenue of $197-199M, versus the consensus of $195.9M. Tenable Holdings, Inc. sees FY2023 EPS of $0.65-$0.69, versus the consensus of $0.59. Tenable Holdings, Inc. sees FY2023 revenue of $783-791M, versus the consensus of $781M.
DISH Network Corporation (NASDAQ:DISH) 5% HIGHER; will start selling its premium wireless service on Amazon (NASDAQ:AMZN) later this week, according to Bloomberg, citing people familiar with the matter.
Texas Instruments (NASDAQ:TXN) 4% LOWER; reported Q2 EPS of $1.87, $0.11 better than the analyst estimate of $1.76. Revenue for the quarter came in at $4.53B versus the consensus estimate of $4.37B. Texas Instruments sees Q3 2023 EPS of $1.68-$1.92, versus the consensus of $1.91. Texas Instruments sees Q3 2023 revenue of $4.36-4.74B, versus the consensus of $4.6B.
Wells Fargo & Company (NYSE:WFC) 3% HIGHER; announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Sept. 1, 2023, to stockholders of record on Aug. 4, 2023. The third quarter dividend represents an increase of $0.05 per share from the prior quarter. The Wells Fargo board of directors also authorized a new common stock repurchase program of up to $30B.
Microsoft (NASDAQ:MSFT) 1% LOWER; reported Q4 EPS of $2.69, $0.14 better than the analyst estimate of $2.55. Revenue for the quarter came in at $56.2B versus the consensus estimate of $55.44B.