S&P MidCap 400 Index Boosts Dolby Labs; Globant's Q2 Beats, Outlook Disappoints
- August 17th, 2023
- 435 views
Shares of Dolby Laboratories, Inc. (NYSE: DLB) surged over 5% in after-hours trading, driven by the news of its inclusion as a replacement for STAAR Surgical Company (Nasdaq: STAA) in the S&P MidCap 400 index. The change is set to take effect prior to the opening of trading on Tuesday, August 22.
$DLB was trading at $81.14 in after-hours, reflecting a gain of $4.32 (+5.62%).
In other news, Globant S.A. (NYSE: GLOB), a prominent technology and digital services company, announced second-quarter 2023 earnings of $1.36 per share, surpassing the consensus EPS estimate of $1.35. The company reported quarterly sales of $497.50 million, slightly exceeding analysts' projected revenue of $496.53 million.
However, Globant expects Q3 adjusted EPS to reach at least $1.46, contrasting with the consensus EPS estimate of $1.49 for the period.
In after-hours, $GLOB was trading at $160.29, down $2.69 (-1.65%).
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