Check out the companies making headlines after the bell.
People walk near a First Republic Bank branch on March 16, 2023 in New York City.
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First Republic Bank — Shares of the San Francisco-based regional bank tumbled 7.8% postmarket after rising more than 12% during Monday’s main trading session. Although the bank’s earnings per share in the first quarter topped analysts’ estimates, its deposit flight was worse than what analysts had estimated, plunging 41% to $104.5 billion. Analysts had expected the quarter-end deposits to total approximately $145 billion, according to the consensus estimate from FactSet’s StreetAccount.
Whirlpool — The home appliance maker rose 3% after its first quarter earnings and revenue beat analysts’ estimates. Whirlpool posted per-share earnings of $2.66 and revenue of $4.65 billion. Analysts had estimated $2.28 in earnings per share and revenue of $4.5 billion, according to Refinitiv data.
Cadence Design Systems — The maker of software and silicon structures for designing printed circuit boards fell 3.2% in after hours trading on weak earnings and revenue guidance for the second quarter. Cadence’s first quarter earnings of $1.29 per share and revenue of $1.02 billion topped analysts’ estimates of $1.26 and $1.01 billion, respectively, according to FactSet data.