Cadence Design Systems IncBeat Q2 adjusted EPS consensus and met revenue expectations.
Several companies made notable after-hours moves following their latest earnings reports. Cadence Design Systems rose more than 4% after posting second-quarter adjusted earnings of $2.11 per share, beating the LSEG consensus of $2.05, while revenue of $1.58 billion met expectations. Rambus edged higher after reporting adjusted earnings of 77 cents per share on revenue of $207 million, exceeding analyst estimates of 72 cents and $198 million. Welltower jumped 4% after the senior housing real estate investment trust raised its full-year normalized funds from operations guidance to a range of $6.36 to $6.44 per share, above the FactSet consensus of $6.30. Universal Health Services dropped more than 4% after lowering its full-year adjusted earnings guidance to between $22.28 and $23.65 per share, down from a prior range of $22.64 to $24.52. Happen, the bank formerly known as LendingClub, advanced 4% after issuing full-year earnings guidance of $1.80 to $1.90 per share, surpassing the FactSet consensus of $1.74, and projecting loan originations of $12.2 billion to $12.6 billion. F5 gained nearly 2% after third-quarter adjusted earnings of $4.73 per share on revenue of $865 million topped the LSEG consensus of $4 per share and $388 million. Cincinnati Financial lost almost 4% after operating earnings of $1.43 per share missed the FactSet consensus of $1.84, and net premiums of $2.64 billion came in slightly below the expected $2.66 billion. Nucor dipped 1% despite beating second-quarter earnings and revenue expectations, with the stock already up more than 50% year to date. Principal Financial Group fell 3% even though operating earnings of $2.42 per share exceeded the FactSet consensus of $2.34, as the stock had already risen more than 25% this year.
Cadence Design Systems IncBeat Q2 adjusted EPS consensus and met revenue expectations.
Rambus IncBeat earnings estimates with adjusted EPS of $0.77 vs $0.72 consensus and revenue above expectations.
Cincinnati Financial CorporationMissed Q2 operating earnings and net premiums consensus.
Principal Financial Group IncBeat Q2 operating earnings consensus but stock fell, possibly due to prior gains.
F5 Networks IncBeat Q3 adjusted EPS and revenue consensus.
LendingClub CorpIssued full-year earnings guidance above consensus and projected strong loan originations.
Nucor CorpBeat Q2 earnings and revenue expectations but stock dipped, possibly due to prior gains.
Universal Health Services IncLowered full-year adjusted earnings guidance below prior range.
Welltower IncRaised full-year normalized FFO guidance above consensus.
Five Below Inc