Stocks making the biggest moves after hours: Qualtrics, W.R. Berkley, Discover Financial and more

Finance

Sopa Images | Lightrocket | Getty Images

Check out the companies making headlines after the bell

Discover Financial — Shares fell about 1.8% after Discover Financial posted weaker-than-expected earnings for the recent quarter and noted that it expects operating expenses to rise more than previously anticipated for the full year.

Cadence Design Systems – Shares of the software firm rose 1.6% after raising its full-year earnings per share guidance and posting a top and bottom line beat for the recent quarter. Cadence Design Systems posted earnings of $1.06 a share, beating an estimate of 96 cents, according to StreetAccount.

Qualtrics — Qualtrics’ stock surged 9.9% after the company beat analysts’ expectations on the top and bottom lines for the recent quarter and raised its guidance.

Amazon — Shares of the technology giant slipped less than 1% on a report from the New York Post that it’s freezing hiring in its Amazon Web Services division.

Packaging Corp of America — Shares slipped 2.7% in extended trading after revenue for the recent quarter failed to meet Wall Street’s estimates. The packaging products maker posted a slight beat on adjusted earnings per share.

Zions Bancorporation — Shares of the banking company toppled 6.5% in extended trading after reporting earnings per share of $1.40 that fell short of Wall Street’s expectations.

W.R. Berkley Corp — The insurance company’s stock shed 5% after it reported a decline in net income and earnings per share year over year. Net investment losses and expenses also rose at the company.

Articles You May Like

Bed Bath & Beyond warns it can’t pay down debts, defaults on credit line
Are digital wallets safe? Here’s what to know as the battle between big banks and Apple Pay heats up
BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried’s crypto empire
Levi Strauss beats estimates, offers upbeat guidance for fiscal year
‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing