These are the stocks making notable moves after the market close on July 18. Netflix — The streaming giant dipped less than 1% after beating estimates on the top and bottom lines for the second quarter. Netflix reported earnings of $4.88 per share on $9.56 billion of revenue. Analysts surveyed by LSEG had penciled in $4.74 per share on $9.53 billion of revenue. The company did project softer-than-expected revenue for the third quarter despite strong membership growth. Intuitive Surgical — The biotech stock jumped more than 6% after a stronger-than-expected report for the second quarter. Intuitive Surgical reported adjusted earnings of $1.78 per share on $2.01 billion of revenue. Analysts surveyed by LSEG were expecting $1.54 in earnings per share on $1.97 billion of revenue. PPG Industries — Shares of the paint company fell about 3% after the company’s third-quarter earnings guidance came in below expectations. PPG said it expects between $2.10 and $2.20 in adjusted earnings per share for the third quarter, compared to $2.28 per share expected by analysts, according to LSEG. The company reported $2.50 in adjusted earnings per share for the second quarter, which was 2 cents ahead of estimates. Plug Power — Shares of the green energy firm fell 10% after the company announced a plan to sell $200 million of stock. Plug Power’s stock is on track for a fourth-straight losing year and now trades below $3 per share. Western Alliance — The regional bank stock hovered near the flatline after the company beat expectations on the top and bottom lines for its second-quarter report. Western Alliance reported $1.75 in earnings per share on $772 million of revenue. Analysts surveyed by LSEG were looking for $1.71 per share on $738 million of revenue.
Source: www.cnbc.com