After-hours movers: First Republic sinks as deposits plunge, Whirlpool gains on 'beat'
After-Hours Stock Movers:
Medpace Holdings (NASDAQ: MEDP) 21% HIGHER; reported Q1 EPS of $2.27, $0.45 better than the analyst estimate of $1.82. Revenue for the quarter came in at $434.1 million versus the consensus estimate of $401.83 million. Medpace Holdings sees FY2023 revenue of $1.75-1.81 billion, versus the consensus of $1.71 billion.
First Republic Bank (NYSE: FRC) 20% LOWER; deposits plunged by over $100 billion and the company plans to cut its workforce by 20-25%.
Aaron's (NYSE: AAN) 14% HIGHER; reported Q1 EPS of $0.66, $0.38 better than the analyst estimate of $0.28. Revenue for the quarter came in at $554.4 million versus the consensus estimate of $565.94 million. Aaron's sees FY2023 EPS of $1.00-$1.40, versus the consensus of $0.92. Aaron's sees FY2023 revenue of $2.15-2.25 million, versus the consensus of $2.26 million.
Packaging Corp. (NYSE: PKG) 9% LOWER; reported Q1 EPS of $2.20, $0.06 worse than the analyst estimate of $2.26. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $2.08 billion.
Cadence Design Systems (NASDAQ: CDNS) 5% LOWER; reported Q1 EPS of $1.29, $0.03 better than the analyst estimate of $1.26. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.01 billion. Cadence Design Systems sees Q2 2023 EPS of $1.15-$1.19, versus the consensus of $1.26. Cadence Design Systems sees Q2 2023 revenue of $960-980 million, versus the consensus of $1002 million. Cadence Design Systems sees FY2023 EPS of $4.96-$5.04, versus the consensus of $5.59. Cadence Design Systems sees FY2023 revenue of $4.03-4.07 billion, versus the consensus of $4.463 billion.
Establishment Labs Holdings Inc. (NASDAQ: ESTA) 4% LOWER; commenced a public offering of its common shares, to be sold by the Company in a registered public offering.
Whirlpool (NYSE: WHR) 3% HIGHER; reported Q1 EPS of $2.66, $0.49 better than the analyst estimate of $2.17. Revenue for the quarter came in at $4.65 billion versus the consensus estimate of $4.49 billion. Whirlpool reaffirms FY2023 EPS of $16.00-$18.00, versus the consensus of $15.82.
Crown Holdings (NYSE: CCK) 3% HIGHER; reported Q1 EPS of $1.20, $0.15 better than the analyst estimate of $1.05. Revenue for the quarter came in at $2.97 billion versus the consensus estimate of $3.1 billion. Crown Holdings sees Q2 2023 EPS of $1.60-$1.70, versus the consensus of $1.76. Crown Holdings sees FY2023 EPS of $6.20-$6.40, versus the consensus of $7.38.
Hexcel Corp. (NYSE: HXL) 2% LOWER; reported Q1 EPS of $0.50, $0.12 better than the analyst estimate of $0.38. Revenue for the quarter came in at $458 million versus the consensus estimate of $429.38 million. Hexcel Corp. sees FY2023 EPS of $1.70-$1.90, versus the consensus of $1.85. Hexcel Corp. sees FY2023 revenue of $1.73-1.83 billion, versus the consensus of $1.78 billion.
