Western
Alliance
shares
rise
in
after-hours
trading
Shares
of
Western
Alliance
jumped
about
7%
in
extended
trading
after
the
bank
said
that
its
deposit
growth
for
the
current
quarter
surpassed
$2
billion
as
of
May
12.
The
new
data
was
in
an
investor
update
filed
with
the
Securities
and
Exchange
Commission
on
Tuesday.
That’s
an
increase
from
the
$1.8
billion
in
deposit
growth
for
the
quarter
through
May
9.
Western
Alliance
shares
have
been
on
a
recent
upswing,
up
17%
over
the
past
week
–
and
posting
a
gain
of
15%
since
this
week
has
begun.
The
stock
is
still
down
nearly
47%
for
the
year,
however.
–Darla
Mercado,
Ethan
Kraft
Keysight
rises
on
stronger-than-expected
earnings
Tech
stock
Keysight
advanced
more
than
7%
after
the
bell
on
the
back
of
a
strong
quarterly
earnings
report
and
guidance
for
the
current
quarter.
In
its
fiscal
second
quarter,
the
company
reported
$2.12
in
earnings
per
share
without
items
and
$1.39
billion
in
revenue.
By
comparison,
analysts
polled
by
FactSet
expected
$1.96
per
share
and
revenue
to
come
in
slightly
lower
at
$1.38
billion.
For
the
current
quarter,
the
company
said
to
expected
between
$2
and
$2.06
in
earnings
per
share
for
the
current
quarter,
while
analysts
forecasted
$1.96.
Keysight
guided
revenue
for
the
quarter
to
come
in
between
$1.37
billion
and
$1.39
billion,
a
range
that
contains
Wall
Street’s
consensus
estimate
of
$1.38
billion.
—
Alex
Harring
Dow
closes
below
the
50-day
moving
average
for
the
first
time
since
March
30
The
Dow
ended
the
trading
session
below
a
key
threshold
on
Tuesday.
The
30-stock
index
fell
336.46
points,
or
1.01%,
to
close
at
33,012.14.
It
closed
below
its
50-day
moving
average
level
of
33,143.18,
but
it
has
slipped
below
that
threshold
on
an
intraday
basis.
The
50-day
moving
average
is
a
short-term
technical
indicator
of
where
an
asset
or
an
index
is
trading.
A
close
below
that
level
may
signal
a
potential
change
toward
the
downside.
–Darla
Mercado,
Gina
Francolla
Doximity
slides
in
post-market
trading
after
giving
weak
expectations
for
the
current
quarter
Medical
software
stock
Doximity
slid
more
than
8%
in
extended
trading
after
issuing
weak
guidance
for
the
current
quarter.
The
company
said
to
expect
between
$106.5
million
and
$107.5
million
in
revenue
and
between
$39
million
and
$40
million
in
adjusted
EBITDA
for
the
first
fiscal
quarter.
Both
of
those
estimates
were
below
consensus
expectations,
with
analysts
polled
by
FactSet
anticipating
revenue
at
$11.8
million
and
adjusted
EBITDA
at
$45.4
million.
That
overshadowed
results
from
the
fourth
fiscal
quarter.
The
company
reported
20
cents
in
earnings
per
share
excluding
items,
above
the
17
cents
expected
by
analysts.
Revenue
also
beat
expectations
at
$111
million
compared
with
a
$110.1
million
forecast.
Adjusted
EBITDA
came
in
at
$48.9
million,
ahead
of
the
$45.7
consensus
estimate.
For
the
full
fiscal
year,
the
company
said
to
expect
between
$500
million
and
$506
million
in
revenue,
a
range
that
contains
the
Wall
Street
estimate
of
$501.8
million.
The
company
expects
adjusted
EBITDA
for
the
year
to
come
in
between
$216
million
and
$222
million,
while
analysts
anticipate
$215.7
million.
—
Alex
Harring
Stock
futures
are
little
changed
Stock
futures
were
up
modestly
shortly
after
6
p.m.
ET.
Futures
tied
to
the
Dow,
S&P
500
and
Nasdaq
100
were
all
up
around
0.1%.
—
Alex
Harring
