Let’s take a look at some of the companies making waves in after-hours trading. Five Below — Shares of discount retailer Five Below fell nearly 9% after the company said in a press release that CEO Joel Anderson had resigned “to pursue other interests.” The company named Kenneth Bull interim president and CEO, effective immediately. The company also issued a gloomy outlook for second-quarter profit and revenue. Interactive Brokers — The electronic brokerage rose about 1% after its second-quarter adjusted profit and revenue beat expectations. Interactive Brokers posted adjusted earnings of $1.76 on revenue of $1.29 billion, according to LSEG, while analysts were expecting earnings of $1.74 a share on revenue of $1.27 billion. The company said client accounts grew 28% year over year, and client margin loans increased 32%. JB Hunt Transport Services — Shares of the logistics company fell 3% after JB Hunt reported weaker-than-expected second-quarter results, which were affected by rising insurance costs and a soft freight market that is impacting competition for long-haul trucks. Profit was $1.32 per share, compared with analysts surveyed by LSEG’s expectation of $1.52 per share. Revenue for the period was $2.93 billion, below analysts’ expectations of $3.04 billion. Omnicom — Shares were flat after marketing and communications company Omnicom reported adjusted earnings of $1.95 per share, in line with analysts surveyed by FactSet’s expectations. But Omnicom’s revenue was $3.85 billion, compared with $3.83 billion expected by analysts surveyed by FactSet. Hancock Whitney — The bank fell more than 6%. Hancock Whitney reported second-quarter earnings per share of $1.31, down from $1.35 per share in the year-ago period. Total deposits fell by $575.2 million to $29.2 billion in the same period. — CNBC’s Darla Mercado contributed to this report.
Subscribe to Updates
Subscribe to our newsletter and stay updated with the latest news and exclusive offers.
Biggest movers in after-hours trading: FIVE, IBKR, JBHT
Related Posts
Add A Comment
Services
Subscribe to Updates
Subscribe to our newsletter and stay updated with the latest news and exclusive offers.
© 2024 Business Investopedia. All Rights Reserved.