— The regional bank's stock popped 15% after the regional bank reported deposit inflows have stabilized, although they were still down in the first quarter. PacWest saw a $1.8 billion increase in deposits from March 20 to April 24. However, deposits for the first quarter totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022.— Shares sank 3.9% despite a beat on earnings and revenue for the first quarter.
However, its aerospace segment saw a decline in revenue thanks to fewer aircraft deliveries. CEO Phebe Novakovic also said the company will incur some period costs as it builds a "considerable" number of Gulfstream G700s to be delivered in the third and fourth quarters.— Shares tanked nearly 25% after its second-quarter revenue forecast came in at $700 million to $750 million, missing estimates of $765.2 million from analysts surveyed by StreetAccount.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Stocks making the biggest moves after hours: Enphase Energy, PacWest Bancorp, Chipotle, Microsoft and moreThese are the stocks posting the largest moves in extended trading.
Lees verder »
Stocks making the biggest moves premarket: Activision Blizzard, Chipotle, First Republic Bank & moreFirst Republic Bank shares dropped, fueling its potential to again weigh on the broader banking sector. Other regional bank stocks rose before the bell.
Lees verder »
Nasdaq climbs on strong Microsoft earnings, Boeing jumpsThe tech-heavy Nasdaq advanced on Wednesday as strong Microsoft results offset concerns over rising interest rates.
Lees verder »
U.S. stocks open higher as Microsoft gains boost NasdaqU.S. stocks opened higher on Wednesday as a rally in Microsoft Corp. shares helped to boost the Nasdaq Composite. However, further declines in shares of...
Lees verder »
Chipotle Mexican Grill earnings beat estimates as revenue climbs 17%Shares of Chipotle Mexican Grill have risen 28% this year, giving it a market value of $49.1 billion.
Lees verder »