After-hours movers: Chegg plunges on guidance, NXP gains on results

After-Hours Stock Movers:

Chegg (NYSE:) 32% LOWER; Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $187.6 million versus the consensus estimate of $185.2M. Chegg sees Q2 2023 revenue of $175M-$178M, versus the consensus of $194M.

Community Health Systems (NYSE:) 13% LOWER; Q1 EPS of ($0.43), $0.25 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $3.11 billion versus the consensus estimate of $3.09B.

BlackBerry (NYSE:) 9% HIGHER; announced that the BlackBerry Board of Directors will initiate a review of its portfolio of businesses. The assessment will assist the Board as it considers various strategic alternatives to drive enhanced shareholder value. These alternatives include, but are not limited to, the possible separation of one or more of BlackBerry’s businesses.

STAG Industrial (NYSE:) 8% HIGHER; will replace Axon Enterprise (NASDAQ:) in the .

NXP Semiconductors (NASDAQ:) 4% HIGHER; Q1 EPS of $3.19, $0.17 better than the analyst estimate of $3.02. Revenue for the quarter came in at $3.12B versus the consensus estimate of $3B. NXP Semiconductors sees Q2 2023 EPS of $3.07-$3.49, versus the consensus of $2.98. NXP Semiconductors sees Q2 2023 revenue of $3.1B-$3.3B, versus the consensus of $3.04B.

Blackstone (NYSE:) 2% LOWER; despite recent speculation, BX will not be added to the at this time. S&P announced after the close that Axon Enterprise will replace First Republic Bank (NYSE:) in the S&P 500.