Woodward exceeds expectations for fiscal first quarter
Shares of Woodward, a manufacturer, surged 5% in after-hours trading after the company outperformed analysts’ predictions for the fiscal first quarter. Woodward also raised its guidance for full-year performance, aligning with FactSet consensus estimates.
Sanmina beats earnings forecasts and provides positive outlook
Sanmina, another manufacturer, experienced a 15% increase in its stock price after surpassing consensus forecasts for earnings and meeting revenue expectations. Additionally, the company provided a better outlook for the current quarter than analysts had anticipated.
Calix disappoints with weak guidance
Calix saw a significant drop of 22% in its shares due to weak guidance for the current quarter. Despite performing better than expected in the previous quarter, Calix’s adjusted earnings and revenue projections fell short of analysts’ estimates.
Harmonic issues below-expectation guidance
Media tech company Harmonic witnessed a 3% decline in its stock price after-hours as it issued full-year earnings and revenue guidance that fell below analysts’ expectations. The company also revealed that despite receiving interest in its video business from several parties, no definitive agreement has been reached.
F5 surpasses Wall Street expectations
Cybersecurity company F5 experienced a more than 7% increase in its stock price following better-than-expected fiscal first-quarter results. F5 reported higher adjusted earnings per share and revenue compared to analysts’ predictions.
Cleveland-Cliffs reports net loss
Mining company Cleveland-Cliffs saw a 2.5% decrease in its shares after releasing fourth-quarter results that included a net loss per share due to a goodwill impairment charge.
Whirlpool disappoints with full-year guidance
Home product maker Whirlpool’s stock dropped 4% as the company provided full-year guidance that was worse than what Wall Street had anticipated. However, Whirlpool exceeded expectations for both earnings and revenue in the fourth quarter.
Super Micro Computer surges on strong earnings
Super Micro Computer, a data center hardware manufacturer, experienced a 7% surge in its stock price after exceeding fiscal second-quarter earnings expectations and providing strong guidance for the third quarter. The company also raised its revenue outlook for the fiscal year.
Graco posts solid fourth-quarter results
Industrial equipment manufacturer Graco reported adjusted earnings per share and revenue that slightly exceeded analysts’ predictions for the fourth quarter. The company also offered positive revenue guidance for the full year of 2024.
Hot Take: Mixed bag of results in after-hour trading
In after-hour trading, several companies experienced significant movements in their stock prices based on their performance and guidance. While some companies like Woodward and Sanmina surpassed expectations, others like Calix and Harmonic fell short. F5 and Super Micro Computer stood out with better-than-expected results, while Cleveland-Cliffs and Whirlpool faced challenges. It remains to be seen how these companies will fare in the future as they navigate various market conditions.
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