PARA, NXPI, FFIV and more
Check out the companies making headlines in after hours trading. Paramount Global — Shares rose less than 1% after the parent of CBS television said its CEO Bob Bakish would step down and be replaced by an “office of the CEO.” The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 cents anticipated by analysts polled by LSEG. Otherwise, revenue of $7.69 billion missed the expected $7.73 billion. Chegg — The education technology stock fell more than 7%. Chegg announced a CEO change and issued disappointing second-quarter revenue guidance of $159 million to $161 million, lower than the $174 million expected by analysts polled by LSEG. NXP Semiconductors — Shares popped more than 5% after the chipmaker posted adjusted earnings of $3.24 per share, more than the $3.16 per share consensus estimate from LSEG. Revenue of $3.13 billion came in line with forecasts. Amkor Technology — Shares advanced nearly 7% after the semiconductor manufacturing company posted topped expectations. First-quarter earnings of 24 cents per share surpassed an estimate of 11 cents per share from Factset. Revenue of $1.37 billion was more than the anticipated $1.36 billion. Second-quarter earnings and revenue guidance also came in better than expected. Medifast — Shares of Medifast plunged more than 17% after the nutrition and wellness company posted first-quarter adjusted earnings of 66 cents per share, missing the FactSet consensus estimate of 80 cents per share. Medifast also issued a weak second-quarter earnings and revenue outlook. F5 — The application security cloud company dropped 9% after F5 issued disappointing third-quarter revenue guidance of $675 million to $695 million, compared to the $695 million LSEG consensus estimate. Second-quarter revenue of $681 million also missed the $685 million anticipated by analysts. Coursera — Coursera shares tumbled 15% after the online course provider estimated second-quarter revenue of $162 million to $166 million, which was lower than the $178 million expected by analysts polled by LSEG. Woodward — Shares popped more than 6% after aircraft supplier topped revenue expectations in the second quarter. Revenue of $835.3 million surpassed the $807 million FactSet consensus estimate, and the company raised its forecast for the year. Sensata Technologies — Shares soared 17% after the sensor technology company beat first-quarter expectations on the top and bottom lines, and announced its CEO Jeff Cote would retire and Martha Sullivan would be named interm president and CEO. Sensata also struck an agreement to Elliott Investment that would result in Phillip Eyler joining the board and serving on the CEO search committee.
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