Check out the businesses making headlines after hours.
Chegg — Shares tumbled practically 30% after the textbook firm reported weak full-year steering regardless of exceeding earnings expectations. In its most up-to-date quarter, Chegg reported earnings of 32 cents per share on revenues of $202 million. Analysts surveyed by Refinitiv have been anticipating earnings of 24 cents per share on revenues of $201 million.
Clorox — Clorox’s inventory worth dipped about 1.9% after the maker of family merchandise minimize its full-year gross margin outlook on inflationary considerations. Clorox in any other case topped earnings expectations after reporting earnings of $1.31 per share on revenues of $1.81 billion. The firm was anticipated to earn 97 cents per share on revenues of $1.79 billion, based on consensus estimates from Refinitiv.
Devon Energy — Shares jumped greater than 2% after the corporate introduced a dividend and buyback hike. The oil and fuel firm reported earnings of $1.88 per share and revenues of $3.8 billion for the quarter ending March. Analysts polled by FactSet have been anticipating earnings of $1.75 per share on revenues of $4 billion.
Avis Budget Group — The automobile firm’s inventory worth soared practically 7% after Avis Budget’s quarterly outcomes surpassed analysts’ expectations. The firm benefited from pent-up journey demand that spurred customers to hire automobiles even at increased costs. Avis reported earnings of $9.99 per share on revenues of $2.4 billion. Analysts polled by Refinitiv have been forecasting earnings of $3.45 per share on revenues of $2.08 billion.