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Tuesday, March 19, 2024

Acme Packet Spiking Higher on Share Buyback Announcement

Courtesy of Benzinga.

Some of the stocks that may grab investor focus today are:

Wall Street expects Wells Fargo & Company (NYSE: WFC) to report its Q2 earnings at $0.81 per share on revenue of $21.36 billion. Wells Fargo shares rose 0.67% to $33.07 in after-hours trading.

Acme Packet (NASDAQ: APKT) announced its plans to buy back up to $200 million in stock. Acme Packet shares surged 6.34% to $16.60 in the after-hours trading session.

Analysts expect JPMorgan Chase & Co (NYSE: JPM) to report its Q2 earnings at $0.76 per share on revenue of $21.93 billion. JPMorgan shares gained 0.53% to $34.22 in after-hours trading.

Darden Restaurants (NYSE: DRI) agreed to buy Yard House USA for $585 million in cash. Darden shares dropped 1.39% to $49.50 in the after-hours trading session.

Resources Connection (NASDAQ: RECN) reported a rise in its Q4 earnings. Its quarterly net income surged to $8.9 million, or $0.21 per share, up from $5.4 million, or $0.12 per share, in the year-ago period. Resources Connection shares jumped 4.27% to $12.20 in after-hours trading.

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