Stock Market

Stocks making the biggest moves after hours: First Republic, Whirlpool and more

In this article

Check out the companies making headlines after the bell.

People walk near a First Republic Bank branch on March 16, 2023 in New York City. 
View Press | Corbis News | Getty Images

First Republic Bank — Shares of the San Francisco-based regional bank tumbled 7.8% postmarket after rising more than 12% during Monday’s main trading session. Although the bank’s earnings per share in the first quarter topped analysts’ estimates, its deposit flight was worse than what analysts had estimated, plunging 41% to $104.5 billion. Analysts had expected the quarter-end deposits to total approximately $145 billion, according to the consensus estimate from FactSet’s StreetAccount.

Whirlpool — The home appliance maker rose 3% after its first quarter earnings and revenue beat analysts’ estimates. Whirlpool posted per-share earnings of $2.66 and revenue of $4.65 billion. Analysts had estimated $2.28 in earnings per share and revenue of $4.5 billion, according to Refinitiv data.

Cadence Design Systems — The maker of software and silicon structures for designing printed circuit boards fell 3.2% in after hours trading on weak earnings and revenue guidance for the second quarter. Cadence’s first quarter earnings of $1.29 per share and revenue of $1.02 billion topped analysts’ estimates of $1.26 and $1.01 billion, respectively, according to FactSet data.

Articles You May Like

Hedge fund Rokos makes $1bn from bet on US interest rates
Inside Russia’s nightmarish poisoning operation
The old empires of cocoa, coffee and tea are fragile
Reddit will let users buy its IPO, but warns that they could make the stock riskier
Kemi Badenoch and former Post Office chair locked in war of words