After-Hours Inventory Movers:
Chegg (CHGG) 32% LOWER; reported Q1 EPS of $0.27, $0.01 higher than the analyst estimate of $0.26. Income for the quarter got here in at $187.6 million versus the consensus estimate of $185.2 million. Chegg sees Q2 2023 income of $175-178 million, versus the consensus of $194 million.
Neighborhood Well being Techniques (CYH) 13% LOWER; reported Q1 EPS of ($0.43), $0.25 worse than the analyst estimate of ($0.18). Income for the quarter got here in at $3.11 billion versus the consensus estimate of $3.09 billion.
BlackBerry Restricted (BB) 9% HIGHER; introduced that the BlackBerry Board of Administrators will provoke a evaluate of its portfolio of companies. The evaluation will help the Board because it considers numerous strategic options to drive enhanced shareholder worth. These options embrace, however usually are not restricted to, the attainable separation of a number of of BlackBerry’s companies.
STAG Industrial Inc. (STAG) 8% HIGHER; will exchange Axon Enterprise within the S&P MidCap 400
NXP Semiconductors (NXPI) 4% HIGHER; reported Q1 EPS of $3.19, $0.17 higher than the analyst estimate of $3.02. Income for the quarter got here in at $3.12 billion versus the consensus estimate of $3 billion. NXP Semiconductors sees Q2 2023 EPS of $3.07-$3.49, versus the consensus of $2.98. NXP Semiconductors sees Q2 2023 income of $3.1-3.3 billion, versus the consensus of $3.04 billion.
Blackstone Inc. (BX) 2% LOWER; regardless of current hypothesis, BX is not going to be added to the S&P 500 presently. S&P introduced after the shut that Axon Enterprise Inc. (AXON) will exchange First Republic Financial institution (FRC) within the S&P 500.