Top Gainers in After-Hours Trading: IBK, WAL, OMC Unveiled

**Headline: Western Alliance Bank Q2 Earnings Miss Estimates, Stock Declines**

Western Alliance Bank’s logo is seen on a smartphone.

**Interactive Brokers Slides 2.6% After Missing Q2 Earnings Estimates**

Interactive Brokers, a brokerage firm, reported weaker-than-expected second-quarter earnings, causing its stock to slide 2.6%. The company’s adjusted earnings of $1.32 per share fell short of consensus estimates of $1.40 per share.

**Carvana Drops Over 8% in Extended Trading Ahead of Q2 Earnings Release**

Online auto retailer Carvana experienced a more than 8% drop in its stock during extended trading. The company announced that it would release its second-quarter earnings results earlier than expected, moving the date up from August 3rd.

**Omnicom Group Shares Plummet More Than 5% Following Disappointing Revenue**

Omnicom Group, a global marketing company, saw its shares drop over 5% after reporting lower-than-anticipated second-quarter revenue. The company’s revenue of $3.61 billion was below the forecasted $3.67 billion. However, it slightly exceeded expectations in terms of earnings, posting adjusted earnings of $1.81 per share compared to consensus estimates of $1.80 per share.

**J.B. Hunt Transport Services Declines 1.1% on Disappointing Q2 Results**

J.B. Hunt Transport Services, a transportation and logistics firm, experienced a 1.1% decline in its stock after reporting disappointing second-quarter results. The company’s earnings per share of $1.81 and revenue of $3.13 billion fell short of analysts’ expectations of $1.92 per share and revenue of $3.31 billion, respectively.

**Western Alliance Bancorp Stock Falls 5% Despite Beating Revenue Forecast**

Western Alliance Bancorp, a regional bank, witnessed a 5% decline in its stock following the release of its second-quarter results. The company’s earnings of $1.96 per share were lower than the consensus estimate of $1.98 per share. However, its revenue of $669 million exceeded the forecasted $652 million. Additionally, the bank reported an increase in deposits during the quarter.

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Soy Futures Surge to One-Month High Amid US Crop Risks; Other Grains Also Rally

Striking the Perfect Balance: The Power of Appropriate Tension | Seth’s Blog