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Check out the companies making headlines after hours.
west Pacific, Western Union, U.S. – Shares of PacWest tumbled more than 50% in extended trading after Bloomberg News reported that the regional bank was exploring strategic options, including a potential sale. The news also weighed on other mid-sized banks. Shares of Western Alliance fell 27%. valley countryShares of Comerica fell 13% and Comerica fell nearly 12%.
Solar Edge Technology — SolarEdge Technologies rose about 9% after beating top and bottom line estimates for the first quarter. The company reported adjusted earnings of $2.90 a share, compared with expectations of $1.92, on revenue of $944 million, topping the consensus estimate of $933 million, according to analysts polled by Refinitiv.
eBay — Etsy rose 6.7% after beating first-quarter revenue estimates. The online marketplace focused on handmade goods reported revenue of $641 million, topping expectations for $622 million, according to consensus data from Refinitiv. Earnings of 53 cents per share were in line with expectations.
Qualcomm — Qualcomm fell 2.2 percent after it issued weaker-than-expected third-quarter guidance. The semiconductor maker forecast earnings per share of $1.70 to $1.90, missing the consensus estimate of $2.16. Revenue beat estimates for the second quarter, while earnings per share were in line, according to Refinitiv data.
Zillow Group — Shares rose 4.9 percent after Zillow Group beat first-quarter revenue estimates. Revenue from the online real estate marketplace came in at $469 million, topping expectations for $425 million, according to analysts polled by Refinitiv. Zillow does not disclose EPS information in its press release.
TripAdvisor — TripAdvisor slumped 6.2 percent after disappointing first-quarter results. The online travel company reported adjusted earnings of 5 cents a share, missing the consensus estimate of 7 cents a share, according to Refinitiv data. Revenue of $371 million beat the consensus estimate of $359 million.
Frontier Group Holdings — Frontier Group Holdings rose about 2 percent after it reported a smaller-than-expected first-quarter loss. The company reported a loss of 6 cents per share, beating analysts’ expectations for a loss of 8 cents per share, according to Refinitiv data. Revenue beat expectations.
– CNBC’s Jesse Pound contributed reporting
