Here’s a look at the companies making headlines after the bell: Netflix – Shares fell about 3% even though the company reported quarterly earnings that topped both the top and bottom lines. Netflix said subscribers were up 16% from the previous year, but added that starting next year it will no longer report paid memberships. Intuitive Surgical — Shares of Intuitive Surgical rose 1% after the provider of robotic-assisted surgical solutions reported stronger-than-expected results. Intuitive Surgical reported adjusted earnings of $1.50 per share last quarter, beating LSEG’s estimate of $1.41. Revenue of $1.89 billion was also slightly above expectations. Western Alliance — Shares of Western Alliance fell less than 1% in after-hours trading after the regional bank reported disappointing earnings. Western Alliance reported earnings of $1.60 per share in its latest quarter, 4 cents below FactSet’s forecast. PPG Industries – The materials supplier’s adjusted earnings per share were in line with expectations at $1.86, according to LSEG, and its shares edged down 0.8% in after-hours trading. PPG’s revenue was $4.31 billion, missing estimates of $4.43 billion. KB Home – Shares of KB Home rose nearly 2% after the homebuilder announced its board of directors authorized a new $1 billion stock repurchase. The move replaces the previous authorization, which had $113.6 million remaining. KB Home also raised its dividend to 25 cents per share from 20 cents, which will be paid on May 23.
