Let’s check out the companies that are becoming a hot topic for after-hours trading. Paramount Global — Shares rose less than 1% after CBS Television’s parent company announced that CEO Bob Bakish would step down and be replaced by the “Office of the CEO.” The news came as Paramount posted earnings of 62 cents a share, beating the 36 cents expected by analysts surveyed by LSEG. Otherwise, his sales came in at $7.69 billion, below his expected $7.73 billion. Chegg — Education technology stocks fell more than 7% on him. Chegg announces his CEO change, with disappointing second-quarter sales of $161 million, down from $159 million, below the $174 million expected by analysts surveyed by LSEG Announcing a high outlook. NXP Semiconductors — Shares soared more than 5% after the chipmaker announced adjusted earnings of $3.24 per share. This beat his consensus estimate for LSEG of $3.16 per share. Revenue of $3.13 billion was in line with expectations. Amkor Technology — Shares rose nearly 7% after the semiconductor manufacturing company beat expectations. First-quarter earnings were 24 cents per share, beating FactSet’s estimate of 11 cents per share. Sales were $1.37 billion, exceeding expectations of $1.36 billion. Second-quarter earnings and earnings guidance also exceeded expectations. Medifast — Medifast’s stock price plummeted more than 17% after the nutrition and health company reported first-quarter adjusted earnings of 66 cents per share, exceeding FactSet consensus estimates. It fell below 80 cents per share. Medifast also announced a weak outlook for second-quarter earnings and sales. F5 — Application security cloud company F5 announces disappointing third-quarter revenue guidance of $675 million to $695 million, compared to LSEG’s consensus estimate of $695 million. The company fell his 9%. Second-quarter sales of $681 million were also lower than analysts’ expectations of $685 million. Coursera — Coursera shares fell 15% after the online course provider estimated second-quarter revenue at $166 million, up from his $162 million. This was lower than the $178 million expected by analysts surveyed by LSEG. WOODWARD — Shares soared more than 6% after the aircraft supplier beat revenue expectations in the second quarter. Revenue of $835.3 million beat the FactSet consensus estimate of $807 million, and the company raised its full-year forecast. Sensata Technologies — Stocks soared as the sensor technology company beat first quarter revenue and bottom line expectations and announced CEO Jeff Cote was stepping down and Martha Sullivan was named interim president and CEO. It soared 17%. Sensata also entered into an agreement with Elliott Investments, with Philip Eyler joining the company’s board of directors and serving on its CEO search committee.
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