After-Hours Stock Movements: Cadence, Rambus, Welltower and Others React to Earnings
Several stocks experienced notable after-hours movements following their Q2 earnings reports or guidance updates. Chip design firm Cadence Design Systems rose over 4% as it beat LSEG's EPS estimate of $2.05 with actuals at $2.11, while revenue matched expectations at $1.58 billion. Rambus also outperformed estimates in both earnings and revenue, leading to a slight gain. On the downside, Universal Health Services dropped more than 4% after lowering its full-year guidance due to weaker-than-expected performance. Conversely, Welltower shares jumped nearly 4%, driven by an upward revision of normalized funds from operations (FFO) for the year. Happen and F5 also saw gains as both exceeded expectations in earnings or revenue. Cincinnati Financial fell almost 4% after missing its EPS target significantly, while Nucor dipped despite beating estimates due to strong prior performance this year. Principal Financial Group shares declined even though it outperformed forecasts, likely reflecting market fatigue from a solid annual gain.
Tickers: $CDNS $CINF $FFIV $NUE $PFG $RMBS $UHS $WELL