Check out the companies making headlines after the bell:
Chegg — Chegg’s stock dropped more than 25% in extended trade following a weaker-than-expected quarterly report.
According to Refinitiv, the education technology company posted revenue of $171.9 million vs $174.5 million expected. Chegg also fell short of their subscriber projections.
Clorox – Following an earnings beat, Clorox stock jumped over 5% after hours. On revenue of $1.81 billion, the consumer goods company posted an adjusted profit of $1.21 per share.
According to Refinitiv, analysts predicted earnings of $1.03 per share on revenue of $1.70 billion.
Avis Budget — Following a good third-quarter earnings announcement, Avis Budget Group’s stock climbed over 5% in after-hours trade. The parent company of vehicle rental brands reported adjusted earnings per share of $10.74, a significant increase over the Refinitiv expectation of $6.52.
Revenue was greater than predicted, coming in at $3 billion vs the expected $2.715 billion. Avis also stated that its existing share repurchase authorization would be increased by $1 billion.
NXP Semiconductors — After posting a small quarterly revenue beat, NXP Semiconductors shares swung back and forth in extended trade. According to Refinitiv, the chipmaker earned $2.86 billion in revenue, compared to $2.85 billion projected by analysts.
Simon Property Group — Shares of Simon Property Group rose 3% in extended session after the mall owner topped earnings estimates by a wide margin.
Analysts polled by Refinitv predicted earnings of $1.09 per share, while the business reported $2.07 per share. The company’s sales also exceeded expectations.