Try the businesses making headlines in after-hours buying and selling. SolarEdge — Shares plunged 20% after the photo voltaic firm lowered its third-quarter income steerage to between $720 million and $730 million, down from prior steerage of between $880 million and $920 million. CEO Zvi Lando stated the corporate skilled “substantial sudden” cancellations and pushouts of current backlog from its European distributors. Enphase Power and First Photo voltaic misplaced 14% and 4.9%, respectively, on the again of SolarEdge’s downbeat information. Intuitive Surgical — Shares dropped 7% after Intuitive Surgical missed third-quarter income expectations, posting $1.74 billion whereas analysts had forecast $1.77 billion, based on LSEG, previously generally known as Refinitiv. The corporate reported adjusted earnings per share of $1.46, surpassing analysts’ expectations of $1.41 per share. Knight-Swift Transportation — Shares soared 14% after the freight transportation firm reported a beat on the highest and backside traces for the third quarter. The corporate reported adjusted earnings of 41 cents per share, whereas analysts estimated earnings per share of 36 cents, based on LSEG. The corporate’s income of $2.02 billion exceeded analysts’ expectations of $1.89 billion. Western Alliance — The regional financial institution gained 3%. Western Alliance posted third-quarter earnings of $1.97 per share, whereas analysts polled by FactSet forecast $1.91 per share. Web curiosity earnings was $587 million, whereas analysts referred to as for $559.1 million. WD-40 — The producer of lubricants misplaced 5% in after-hours buying and selling. The corporate posted fourth-quarter income of $140.5 million, up 8% from $130.4 million a yr earlier. Diluted earnings per share got here in at $1.21, in comparison with $1.08 within the prior yr. CSX — The transportation firm’s shares dipped about 1% after the corporate’s third-quarter earnings fell in need of analysts’ estimates. CSX posted earnings of 42 cents per share, whereas analysts polled by LSEG referred to as for 43 cents per share. Income got here in above expectations at $3.57 billion, whereas analysts forecast $3.55 billion. — CNBC’s Darla Mercado contributed reporting.
