Netflix – After falling more than 10% in after-hours trade, the streaming juggernaut's shares increased by fewer than 1%. According to Refinitiv, Netflix outperformed Wall Street projections for earnings per share but missed them for revenue. The firm announced that it is delaying the complete implementation of its crackdown on password sharing, which was initially scheduled for the first quarter.
Interactive Brokers – According to Refinitiv, the business posted adjusted earnings per share of $1.35, falling short of the $1.41 consensus estimate.
First Horizon National – In extended trade, shares increased by 2%. According to FactSet, the bank holding firm reported adjusted earnings of 45 cents per share vs a consensus forecast of 47 cents per share.
Western Alliance Bancorp – The local bank increased by around 15%. According to Refinitiv, revenues for the most recent quarter came in at $552 million as opposed to the $666 million analysts had predicted. In response to the sector's overall meltdown last month, investors have been paying close attention to the stability of deposits.
Intuitive Surgical – After Intuitive Surgical reported better-than-expected results, shares rose by 8%. According to FactSet, the firm posted adjusted earnings per share of $1.23 versus a consensus estimate of $1.20 per share. Revenue came in at $1.70 billion vs predictions of $1.59 billion, exceeding expectations. Revenue increased 14% over the previous year.
United Airlines – The airline increased 1.3% as a result of the company's recent earnings report's forward guidance, which projects a second-quarter profit. Nevertheless, the business reported an adjusted loss per share of 63 cents in the first quarter vs Refinitiv's expected loss of 73 cents.
