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$CCB

2 stories mentioning CCBUpdated 45d ago

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Wire

Top Midday Decliners

Coastal Financial (CCB) swung to a Q2 loss while revenue increased from a year ago, it said Thursday.Shares of the financial services firm slumped 42% as intraday trading volume jumped to over 1.08 million from a daily average of about 129,000.Alnylam Pharmaceuticals (ALNY) lowered its full-year 2026 net product revenue guidance, taking the shine off higher Q2 non-GAAP earnings and revenue reported Thursday.Shares of the pharma company sank nearly 29%, with intraday trading volume rising to over 6.1 million from a daily average of roughly 1.28 million.Meta Platforms (META) set out a soft Q3 revenue outlook following an unexpected year-over-year decline in quarterly earnings released overnight.Meta also raised the lower end of its capital expenditure guidance.Shares of the Facebook owner dropped 9% as intraday trading volume climbed to over 29.3 million from the stock's daily average of about 17.7 million.Price: $532.29, Change: $-53.33, Percent Change: -9.11%

$ALNY$CCB$META
Wire

Coastal Financial Swings to Q2 Loss, Revenue Rises; Shares Down Pre-Bell

Coastal Financial (CCB) reported a Q2 loss Thursday of $2.76 per diluted share, compared with earnings of $0.71 a year ago.Four analysts polled by FactSet expected earnings of $1.Revenue for the quarter ended June 30, expressed as the sum of net interest income and noninterest income, was $178.1 million, up from $119.4 million a year ago.Three analysts expected $148.5 million.Shares of Coastal Financial were down more than 3% in premarket activity Thursday.Price: $68.50, Change: $-2.16, Percent Change: -3.06%

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