After-hours trading saw a number of companies making headlines. Of the companies, CSX experienced a 5% drop after reporting $3.7 billion in revenue for the second quarter, which was lower than the $3.74 billion estimated by analysts polled by Refinitiv. However, earnings per share were in line with expectations at 49 cents. Capital One, a financial stock, was close to flat following a mixed earnings report, with adjusted earnings of $3.52 per share and revenue of $9.01 billion, falling short of the expected $3.23 per share on revenue of $9.12 billion. Additionally, total deposits decreased 2%, whilst average deposits grew 1%. PPG Industries, a paints manufacturer, saw a 2.2% dip despite posting positive quarterly financials of $2.25 in earnings per share excluding items on $4.87 billion in revenue, ahead of the $2.14 per share and $4.84 billion anticipated by FactSet. Intuitive Surgical, a healthcare stock, dropped 4.7% due to systems unit revenue that was lower than the $415.9 million expected by analysts. Knight-Swift Transportation plummeted 3% after falling short of analysts' consensus on earnings and providing weak guidance. 49 cents in earnings per share and $1.55 billion in revenue were reported, as opposed to the expected 55 cents in earnings per share and $1.60 billion in revenue. Knight-Swift also lowered their full-year earnings guidance to below what analysts had estimated. On the other hand, Scholastic rose 8% after beating expectations for earnings per share and announcing an increase in their share repurchase amount by $100 million. $2.26 earned per share was reported, higher than the $1.70 estimated by the analyst surveyed by FactSet, although revenue came in at $428.3 million lower than the $541.8 million anticipated.
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