Significant After-Hours Stock Movements: IBK, WAL, OMC

Take a look at the companies generating buzz after the market closes.

Interactive Brokers — Interactive Brokers experienced a 2.6% decline in their stock price after their second-quarter earnings fell short of expectations. According to Refinitiv, the brokerage firm reported adjusted earnings of $1.32 per share, which was weaker than the consensus estimate of $1.40 per share.

Carvana — The online auto retailer saw a drop of over 8% in after-hours trading. Carvana announced that they will release their second-quarter earnings results on Wednesday, moving the reporting date up from August 3.

Omnicom Group — Shares of Omnicom Group declined more than 5% following disappointing revenue results. The global marketing company reported second-quarter revenue of $3.61 billion, falling short of the forecasted $3.67 billion according to consensus estimates from FactSet. However, they narrowly surpassed earnings expectations with adjusted earnings of $1.81 per share, slightly beating the consensus estimate of $1.80 per share.

J.B. Hunt Transport Services — J.B. Hunt Transport Services saw a decline of 1.1% after posting disappointing results. The transportation and logistics firm reported second-quarter earnings of $1.81 per share on revenue of $3.13 billion. Analysts surveyed by Refinitiv had anticipated per-share earnings of $1.92 on revenue of $3.31 billion.

Western Alliance Bancorp — The stock of the regional bank declined approximately 5% after Western Alliance reported their second-quarter results. The company’s earnings came in at $1.96 per share, falling just shy of the consensus estimate of $1.98 per share, according to Refinitiv. Nevertheless, their revenue for the quarter exceeded expectations at $669 million, surpassing the forecast of $652 million. The bank also reported an increase in deposits during the quarter.