"Market Shifts: Fed Rate Cut Speculations and Key Stock Movements"
Stocks of companies including Five Below, Interactive Brokers, and J.B. Hunt saw significant movements in after-hours trading.
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"Top Pre-market Movers: Carvana, Joby Aviation, Goldman Sachs, Interactive Brokers, and More"
Carvana's stock jumped 16% after reaching a deal to reduce its debt by over $1.2 billion, while Interactive Brokers' shares slid 5% as its earnings missed estimates. Omnicom dropped 6% after its revenue fell short of expectations, and Goldman Sachs declined 0.3% after missing earnings expectations. Joby Aviation sank 6.3% after being downgraded by JPMorgan, and Cinemark fell 3.3% following a downgrade by the same firm. J.B. Hunt Transport Services declined 2.2% after disappointing quarterly results, and Western Alliance Bancorporation dipped 2.4% despite mixed earnings. U.S. Bancorp's shares dipped 1% after reporting its second-quarter results, while Nasdaq's shares rose 0.3% after beating profit and sales expectations.
"After-Hours Movers: Carvana, Western Alliance, J.B. Hunt Transport, and Interactive Brokers"
Carvana, Western Alliance Bancorporation, J.B. Hunt Transport Services, and Interactive Brokers are all experiencing stock price declines in after-hours trading following their respective earnings reports. Western Alliance's deposits beat expectations, but net interest margin and net interest income fell short. Carvana's stock is down ahead of its second-quarter results amid concerns about the company's business model. J.B. Hunt's revenue missed expectations, with higher wages and equipment maintenance expenses impacting margins. Interactive Brokers' second-quarter EPS and revenue also fell short, although total customer accounts increased.
"Biggest Stock Moves: Netflix, United Airlines, Alphabet, and More to Watch"
Netflix shares gained less than 1% after posting a beat on per-share earnings but falling short of Wall Street's revenue estimates. Interactive Brokers' shares pulled back 4% after reporting adjusted earnings per share of $1.35, below a consensus estimate of $1.41. Western Alliance Bancorp's regional bank popped nearly 15% despite revenues coming in at $552 million, compared to the $666 million anticipated by analysts. Intuitive Surgical shares added 8% after posting an earnings beat with revenue coming in ahead of expectations at $1.70 billion. United Airlines gained 1.3% on forward guidance in the company's latest earnings report that forecasts a second-quarter profit.