Welcome to Extreme Investor Network, where we keep you up to date on the latest happenings in the world of finance. Today, we’re taking a closer look at the companies making headlines in after-hours trading.
Paramount Global saw shares rise slightly after the parent company of CBS television announced that CEO Bob Bakish would be stepping down. The company posted per-share earnings of 62 cents, surpassing analyst expectations, but revenue fell short. Meanwhile, Chegg, an education technology stock, experienced a more than 7% drop in share price due to a CEO change and lower-than-expected second-quarter revenue guidance.
On the other hand, NXP Semiconductors saw shares jump over 5% after posting better-than-expected earnings and revenue numbers. Amkor Technology also exceeded expectations, with first-quarter earnings and revenue coming in higher than anticipated.
Medifast, a nutrition and wellness company, disappointed investors with lower-than-expected earnings and revenue, causing shares to plummet over 17%. Similarly, F5, an application security cloud company, saw a 9% drop in share price after issuing disappointing third-quarter revenue guidance.
Coursera shares tumbled 15% as the online course provider announced lower-than-expected second-quarter revenue estimates. However, Woodward, an aircraft supplier, saw shares rise over 6% after surpassing revenue expectations in the second quarter and raising its forecast for the year.
Sensata Technologies had a standout performance, with shares soaring 17% after beating expectations on both the top and bottom lines. The company also announced a change in leadership, adding to investor optimism.
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