After-Hours Stock Movers:

PacWest Bancorp (NASDAQ: PACW) 53% LOWER; weighing its strategic options including a possible a sale amid concerns about its financial health, Bloomberg reported.

Western Alliance Bancorporation (NYSE: WAL) 27% LOWER; sinks on reports PacWest is now for sale.

Zions Bancorporation (NASDAQ: ZION) 11% LOWER; sinks on reports PacWest is now for sale.

SolarEdge Technologies (NASDAQ: SEDG) 8% HIGHER; reported Q1 EPS of $2.90, $0.96 better than the analyst estimate of $1.94. Revenue for the quarter came in at $943.9 million versus the consensus estimate of $932.83 million. SolarEdge Technologies sees Q2 2023 revenue of $970 million to 1.01 billion, versus the consensus of $986.4 million.

Qualcomm (NASDAQ: QCOM) 7% LOWER; reported Q2 EPS of $2.15, in-line with the analyst estimate of $2.15. Revenue for the quarter came in at $9.27 billion versus the consensus estimate of $9.09 billion. Qualcomm sees Q3 2023 EPS of $1.70-$1.90, versus the consensus of $2.20. Qualcomm sees Q3 2023 revenue of $8.1-8.9 billion, versus the consensus of $9.25 billion.

Qorvo (NASDAQ: QRVO) 7% HIGHER; reported Q4 EPS of $0.26, $0.13 better than the analyst estimate of $0.13. Revenue for the quarter came in at $633 million versus the consensus estimate of $621.34 million. Qorvo sees Q1 2024 EPS of $0.15, versus the consensus of $0.18. Qorvo sees Q1 2024 revenue of $620-660 million, versus the consensus of $628.28 million.

Zillow Group, Inc. (NASDAQ: ZG) 6% HIGHER; reported Q1 EPS of $0.35, $0.25 better than the analyst estimate of $0.10. Revenue for the quarter came in at $469 million versus the consensus estimate of $425.11 million. Zillow Group, Inc. sees Q2 2023 revenue of $451-479 million, versus the consensus of $456.8 million.

MercadoLibre (NASDAQ: MELI) 5% HIGHER; reported Q1 EPS of $3.97, $1.16 better than the analyst estimate of $2.81. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.87 billion.

HubSpot (NYSE: HUBS) 5% HIGHER; reported Q1 EPS of $1.20, $0.37 better than the analyst estimate of $0.83. Revenue for the quarter came in at $501.6 million versus the consensus estimate of $474.87 million. HubSpot sees Q2 2023 EPS of $0.98-$1.00, versus the consensus of $0.88. HubSpot sees Q2 2023 revenue of $503-505 million, versus the consensus of $497.92 million. HubSpot sees FY2023 EPS of $4.80-$4.85, versus the consensus of $4.27. HubSpot sees FY2023 revenue of $2.08-2.088 billion, versus the consensus of $2.06 billion

Etsy (NASDAQ: ETSY) 2% HIGHER; reported Q1 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $640.9 million versus the consensus estimate of $622.05 million. Etsy sees Q2 2023 revenue of $590-640 million, versus the consensus of $623.7 million.