In after-hours trading, stocks saw significant movement, fueled by unexpected earnings releases and aggressive corporate maneuvers. Broadcom, a leading technology company, saw its shares rise over 2% following the announcement of a new $10 billion share repurchase program, effective through December 31 of this year. Despite this stellar move onto the list, Broadcom’s quarterly revenue did not live up to expectations. The company saw revenues of $534.5 million, missing the consensus estimate of $544.7 million. The company announced a 3% year-over-year revenue growth for the third quarter. This substantial growth pushed their total revenue to a staggering $1.53 billion.
Yet Levi Strauss stole the show with its stellar debut. The company delivered impressive adjusted earnings of 38 cents per share, representing a stunning 52% year-over-year gain. After releasing first-quarter results, Levi Strauss’s stock increased over 1%. This shiny new performance further proves the brand is on the road to recovery and continued growth in the intense, cutthroat apparel game.
As a result, Humana’s share price shot up by more than 13%. That leap came on the heels of The Wall Street Journal’s coverage of the Trump administration’s plans to raise payment rates to Medicare insurers next year. That’s really fantastic news for population health savvy companies like Humana. They’re also poised to take the full benefits of the new, abundant funding.
CVS Health ( CVS ) was seeing a similar positive reaction in after-hours trading, with shares of CVS jumping more than 7%. This uptick demonstrates investor faith in CVS Health’s strategic plans and positioning in the marketplace.
UnitedHealth’s stock jumped by nearly 6%. This increase is no surprise given the widespread optimism throughout the healthcare sector as we await these exciting policy changes.
Shares of competitor Greenbrier dropped 4% after the company lowered its full-year revenue guidance. This revision has rattled investors, making them doubt the company’s ability to perform as expected in the future.
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