Check out the providers making headlines in after-hrs trading.
Chegg — Shares soared a lot more than 25% right after the academic tech enterprise posted quarterly benefits. Chegg notched next-quarter income of $183 million, although analysts polled by Refinitiv experienced expected $177 million.
Hims & Hers Well being — Inventory in the telehealth organization climbed 16% soon after an earnings defeat. Hims & Hers posted a second-quarter decline of 3 cents for every share on profits of $208 million. Analysts polled by Refinitiv termed for a 5 cent reduction per share and earnings of $205 million. The company also posted rosy advice on income for the 3rd quarter, supplying a assortment of $217 million to $222 million, though analysts estimated $214 million.
Paramount Global — The media conglomerate extra just about 4% in extended buying and selling several hours soon after putting up an earnings and profits beat. The enterprise acquired an modified 10 cents for every share and $7.62 billion in profits in the next quarter, when analysts polled by Refinitiv forecast flat EPS and $7.43 billion in revenue.
Lucid — Stock in the electric auto maker climbed about 3%. In the next quarter, the company claimed $150.9 million in earnings in opposition to analysts’ estimate of $175 million, per Refinitiv. Nonetheless, the firm’s $3 billion cash raise from May perhaps should assuage money problems for an additional calendar year, executives mentioned.
Intercontinental Flavors & Fragrances — Shares slipped much more than 19%. The corporation claimed $2.9 billion in revenue in the 2nd quarter. Analysts polled by Refinitiv identified as for $3.07 billion in earnings.
Celanese — The materials inventory fell virtually 3% right after missing on each the leading and bottom line in the next quarter. Celanese reported altered earnings of $2.17 for every share and $2.8 billion in earnings, towards a FactSet forecast of $2.49 per share in earnings and $2.55 billion in income.
Further than Meat — The plant-based meat supplier slumped far more than 8% following reporting a 2nd-quarter income miss due to reduce U.S. need. The organization pointed out an modified decline of 83 cents for each share and $102.1 million in income, while analysts polled by Refinitiv anticipated a reduction of 86 cents and income of $108.4 million.
