Stocks making the biggest moves after hours: Cadence Design Systems, Rambus, Welltower and more
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Stocks making the biggest moves after hours: CDNS, RMBS, WELL Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines after hours. Cadence Design Systems Shares of the chip design company popped more than 4% after Cadence Design posted second quarter earnings of $2.11 per share, excluding items, topping the LSEG consensus estimate of $2.05 per share. Revenue of $1.58 billion came in line with expectations. Rambus The maker of memory interface chips rose slightly after posting second quarter earnings of 77 cents per share, on an adjusted basis, on revenues of $207 million, exceeding estimates. Analysts surveyed by LSEG had expected earnings of 72 cents per share on revenues of $198 million. Universal Health Services The hospital and healthcare services provider dropped more than 4% after it lowered its full-year guidance. The company expects earnings in the range of $22.28 to $23.65 per share, on an adjusted basis, down from prior guidance of $22.64 to $24.52 per share, for the year ending December. Welltower Shares of the senior housing real estate investment trust jumped 4%. Welltower raised its full-year guidance, calling for normalized funds from operation in a range of $6.36 to $6.44 per share, topping the FactSet consensus estimate of $6.30. Happen The bank formerly known as LendingClub saw shares advance 4%. Full-year guidance for earnings of $1.80 to $1.90 per share surpassed the FactSet consensus of $1.74 per share. The company sees loan originations ranging from $12.2 billion to $12.6 billion for the year. F5 The multi-cloud security company gained almost 2%. Third-quarter results were ahead of the Street's expectations. F5 reported adjusted earnings of $4.73 per share on revenue of $865 million, while the LSEG consensus sought $4 per share and $388 million in revenue. Cincinnati Financial The insurer lost almost 4% after it posted disappointing second quarter results. Operating earnings of $1.43 per share missed the FactSet consensus estimate of $1.84 per share. Net premiums of $2.64 billion came in below the $2.66 billion anticipated by analysts. Nucor The steel producer dipped 1% even after posting second quarter earnings and revenue that beat expectations. The stock was already up more than 50% year to date. Principal Financial Group Shares fell 3% even after the retirement services company posted operating earnings of $2.42 per share, excluding items, which topped the $2.34 per-share earnings expected by analysts polled by FactSet. The stock is already up more than 25% this year. CNBC's Darla Mercado contributed to this report.
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