Stocks making the biggest moves after hours: NFLX, ISRG, WAL

Several companies made headlines after the bell today. Netflix saw a 3% drop in shares despite reporting quarterly earnings that beat expectations. Intuitive Surgical had a 1% increase in shares after posting strong results, including higher-than-expected EPS. Western Alliance’s stock fell slightly after disappointing earnings, while PPG Industries saw a small decrease in shares after meeting earnings expectations. KB Home rose nearly 2% after announcing a new $1 billion share repurchase authorization and increased dividend.

In the after-hours market, several companies made headlines with their quarterly earnings reports. Netflix reported a 16% jump in subscribers from the previous year, but saw its shares drop about 3% despite beating on both top and bottom lines. Intuitive Surgical, a provider of robotic-assisted surgical solutions, saw its shares rise 1% after reporting stronger-than-expected results with an adjusted EPS of $1.50 and revenue of $1.89 billion. On the other hand, Western Alliance, a regional bank, posted disappointing earnings with an EPS of $1.60, 4 cents below estimates, causing its stock to fall less than 1% in extended trading. Materials supplier PPG Industries saw its shares edge down 0.8% after reporting adjusted earnings that matched expectations but revenue below estimates. Meanwhile, homebuilder KB Home advanced nearly 2% after announcing a new $1 billion share repurchase authorization and a dividend hike to 25 cents per share. Overall, these companies showcased a mix of positive and negative performance in the after-hours market.

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