After-Hours Stock Movers:
PacWest Bancorp (NASDAQ:PACW) 53% LOWER; weighing its strategic options including a possible sale amid concerns about its financial health, Bloomberg reported.
Western Alliance Bancorporation (NYSE:WAL) 27% LOWER; sinks on reports PacWest is now for sale.
Zions Bancorporation (NASDAQ:ZION) 11% LOWER; sinks on reports PacWest is now for sale.
SolarEdge Technologies (NASDAQ:SEDG) 8% HIGHER; reported Q1 EPS of $2.90, $0.96 better than the analyst estimate of $1.94. Revenue for the quarter came in at $943.9 million versus the consensus estimate of $932.83M. SolarEdge Technologies sees Q2 2023 revenue of $970M to 1.01 billion, versus the consensus of $986.4M.
Qualcomm (NASDAQ:QCOM) 7% LOWER; reported Q2 EPS of $2.15, in-line with the analyst estimate of $2.15. Revenue for the quarter came in at $9.27B versus the consensus estimate of $9.09B. Qualcomm sees Q3 2023 EPS of $1.70-$1.90, versus the consensus of $2.20. Qualcomm sees Q3 2023 revenue of $8.1B-$8.9B, versus the consensus of $9.25B.
Qorvo (NASDAQ:QRVO) 7% HIGHER; reported Q4 EPS of $0.26, $0.13 better than the analyst estimate of $0.13. Revenue for the quarter came in at $633M versus the consensus estimate of $621.34M. Qorvo sees Q1 2024 EPS of $0.15, versus the consensus of $0.18. Qorvo sees Q1 2024 revenue of $620M-$660M, versus the consensus of $628.28M.
Zillow Group (NASDAQ:ZG) 6% HIGHER; reported Q1 EPS of $0.35, $0.25 better than the analyst estimate of $0.10. Revenue for the quarter came in at $469M versus the consensus estimate of $425.11M. Zillow Group sees Q2 2023 revenue of $451M-$479M, versus the consensus of $456.8M.
MercadoLibre (NASDAQ:MELI) 5% HIGHER; reported Q1 EPS of $3.97, $1.16 better than the analyst estimate of $2.81. Revenue for the quarter came in at $3B versus the consensus estimate of $2.87B.
HubSpot Inc (NYSE:HUBS) 5% HIGHER; reported Q1 EPS of $1.20, $0.37 better than the analyst estimate of $0.83. Revenue for the quarter came in at $501.6M versus the consensus estimate of $474.87M. HubSpot sees Q2 2023 EPS of $0.98-$1.00, versus the consensus of $0.88. HubSpot sees Q2 2023 revenue of $503M-$505M, versus the consensus of $497.92M. HubSpot sees FY2023 EPS of $4.80-$4.85, versus the consensus of $4.27. HubSpot sees FY2023 revenue of $2.08B-$2.088B, versus the consensus of $2.06B.
Etsy (NASDAQ:ETSY) 2% HIGHER; reported Q1 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $640.9M versus the consensus estimate of $622.05M. Etsy sees Q2 2023 revenue of $590M-$640M, versus the consensus of $623.7M.