Check out the companies that make headlines for transactions outside of business hours. Cadence Design Systems – The computer software company’s stock has risen by more than 6% after the latest quarter results beat at the top and bottom line. In the second quarter, CADENCE reported adjusted earnings of $1.65 per share against revenues above $158 million per share, and revenues of $1.25 billion predicted by analysts surveyed by LSEG. The company also posted bright annual guidance. Nucor – Steel producer stocks fell more than 4% after revenue and revenue that missed Wall Street estimates in the second quarter. According to LSEG, Nucor recorded an adjusted profit of $2.60 per share to $8.46 billion in revenue, while analysts were looking for $2.66 per share and revenue of $8.54 billion. The company also said it expects revenues for the second quarter to be “nominally” than in the second quarter of this year, citing “decreased revenues in the steel sector and similar revenues in the steel products and raw materials segments.” Whirlpool – Following the company’s unfortunate second quarter results, Home Appliance shares plummeted around 13%. Whirlpool reported adjusted earnings of $1.34 per share for the quarter, but there was no consensus estimate of $1.74 per share per LSEG. The company’s $3.77 billion revenue is also shortfall, with $3.88 billion analysts stacking pencils. Western Union – Stocks fell more than 3% shortly after financial services companies posting weaker quarter results than expected. Western Union missed 42 cents per share in its second quarter adjusted revenues, which was missing 44 cents per share, the analysts that FactSet was researching. Revenue of $1.03 billion also missed a consensus estimate of $1.04 billion. Western Union also cut its full-year outlook. Rambus – Semiconductor company stocks have skyrocketed by more than 5%. Rambus recorded second-quarter earnings of 53 cents per share, more than 60% higher than the same period last year. The company’s revenues also outperformed the second quarter of the previous year, with revenues of $172.2 million up more than 30% from the previous year. TILRAY Brand – Cannabis Consumer Products Company rose more than 2% after Tilray’s revenues surpassed analyst expectations in the fourth quarter. Tilray reported earnings of 2 cents per share. This exceeds the 2 cent per share loss that analysts had expected for each fact set. The company’s $224.5 million revenue fell below the consensus estimate of $232.2 million.
Stocks that make the biggest moves outside of business hours: CDN, WHR, nue
