Las Vegas Sands, Zions Bancorp, Equifax: Trending Stocks
Las Vegas Sands (LVS) shares are higher in after-hours trading after the casino operator beat third-quarter earnings expectations and announced it will be authorizing a $2 million buyback program.
Zions Bancorporation (ZION) shares are trading lower in extended hours as the company’s total third-quarter deposits came in lower than analysts expected.
Equifax (EFX) shares are down in after-hours as the company cut its full-year adjusted earnings per share guidance due to the mortgage market in the U.S. and foreign exchange impact.
Yahoo Finance’s Julie Hyman takes a look at some of the trending stocks of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Video Transcript
JULIE HYMAN: Well, besides Tesla and Netflix, let's take a look at some of the other trending tickers after hours here, the stocks that are moving, most particularly on some of these earnings reports.
I want to start with Las Vegas Sands here, which, as you can see in the after-hours trading, is trading meaningfully higher here. This is the lower number here. It's up by 4.7%. And this is after that company came out, not just with earnings, but also said it was authorizing a $2 billion buyback program here. That really seems to have caught investors' attention here.
At the same time, it's adjusted property EBITDA came out ahead of what analysts had been anticipating as well. We've obviously had more reopenings for Las Vegas Sands. It is still reliant on the Chinese economy and Chinese gamblers in Macau. But it seems like that some of those fundamentals have been improving. So that's one that we are watching.
We're also watching Zions Bank. We are continuing to see many of these companies, many of the banks, continue to roll out with their numbers here among the regionals in particular. Those shares off by 3.3% in the early going here after the company reported total deposits for the third quarter, coming in below analysts' estimates at $75.4 billion.
So again, a little bit below what analysts had anticipating. We'll see what Zions says on the call. From some of the other companies that we have heard from, including Charles Schwab, who said that deposits fell, they also gave indications that maybe they were starting to see a recovery or that there was a slowing of declines in deposits. We'll see what we hear from ZionS on that front. But in this case, too, the company came out with earnings per share that fell year-over-year but did beat analyst estimates.
And then finally, I want to look at Equifax as well. This is a really interesting one, because when we talk about the knock-on effects from what's going on in the housing market, this is one that I admit I hadn't initially thought of. Equifax, of course, the credit rating service, credit report service. And the company says that the mortgage market is a problem for it right now. And, you know, if you're not trying to buy a house, then you don't need your request as many credit reports here.
So the company cut its adjusted earnings per share guidance for the full year. It comes in below analyst estimates. And CEO Mark Begor saying that it's principally due to the weaker US mortgage market and the impact of foreign exchange. He says that's partially offset by a benefit of an acquisition that they did, but those shares off by 7.5% here as we watch some of these after-hours movers.
