Stocks to Watch: Qualcomm, Tripadvisor, Synaptics, PacWest, Option Care Health
May 03 2023 - 7:49PM
Dow Jones News
By Sabela Ojea
Qualcomm on Wednesday gave a gloomy sales outlook as it signaled
the market for smartphones was more turbulent than expected. Shares
of the mobile-phone chip company declined 6.6% to $105.40 in
after-hours trading.
Tripadvisor widened its loss in the latest quarter as the impact
of incremental income tax expenses weighed on the bottom line.
Shares of the online travel company fell 8.1% to $15.71 in
after-hours trading.
Synaptics reported fiscal third-quarter adjusted earnings and
revenue above Wall Street expectations, but called for a weaker
current quarter due to "the current economic slowdown." Shares of
the maker of human-interface hardware and software dropped 20% to
$70.80 in after-hours trading.
PacWest Bancorp is considering strategic options, including a
sale, Bloomberg reported on Wednesday. Shares of the regional bank
plunged 55% to $2.86 in after-hours trading.
Option Care Health and Amedisys on Wednesday said the two
companies have entered into an agreement to combine in an all-stock
deal that values Amedisys at $3.6 billion including net debt.
Shares of Option Care Health, a provider of home-and alternate-site
infusion services, dropped 16% to $27.50 in after-hours
trading.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
May 03, 2023 19:34 ET (23:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Amedisys (NASDAQ:AMED)
Historical Stock Chart
From Apr 2024 to May 2024
Amedisys (NASDAQ:AMED)
Historical Stock Chart
From May 2023 to May 2024