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After-Hours Movers: Western Alliance Surged on Stabilizing Deposits; Netflix Slid Following Sub Miss

Investing.com2023-04-18

After-Hours Movers:

Metropolitan Bank Holding (NYSE: MCB) 16% HIGHER; reported Q1 EPS of $2.25, $0.31 better than the analyst estimate of $1.94. Revenue for the quarter came in at $65.5 million versus the consensus estimate of $66.65M.

Western Alliance Bancorporation (NYSE: WAL) 15% HIGHER; reported Q1 EPS of $2.30, $0.33 better than the analyst estimate of $1.97. Revenue for the quarter came in at $551.9M versus the consensus estimate of $675.91M. Since March 31, deposits have increased an additional $2.0 billion through April 14, with total insured deposits representing 73% of total deposits, which is well above industry norms compared to the 50 largest U.S. banks.

Intuitive Surgical (NASDAQ: ISRG) 9% HIGHER; reported Q1 EPS of $1.23, $0.04 better than the analyst estimate of $1.19. Revenue for the quarter came in at $1.7B versus the consensus estimate of $1.59B.

CDW (NASDAQ: CDW) 7% LOWER; issues preliminary Q1 revenue below the consensus. First quarter net sales were approximately $5.1B, versus the consensus of $5.56B.

Interactive Brokers (NASDAQ: IBKR) 3% LOWER; reported Q1 EPS of $1.35, $0.05 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $1.06B versus the consensus estimate of $1.03B.

Netflix (NASDAQ: NFLX) 1% LOWER; reported Q1 EPS of $2.88, $0.02 better than the analyst estimate of $2.86. Revenue for the quarter came in at $8.16B versus the consensus estimate of $8.17B. Global streaming paid net additions totaled 1.75M, versus 7.66M last quarter and the consensus of 2.41M. Shares had been down as much as 11% after-hours before rebounding.

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Comment1

  • Booksman
    ·2023-04-19
    I always believe Netflix is very solid content provided...can survive for so long ...evolving from hard cassette to cloud system...
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