Check out the companies that made headlines after trading closed. Paramount Global — Shares rose less than 1% after television parent company CBS said its CEO Bob Bakish would step down and be replaced by the “office of the CEO.” The news comes as Paramount reported earnings per share of 62 cents, topping the 36 cents expected by analysts polled by LSEG. Otherwise, revenue of $7.69 billion was below expectations of $7.73 billion. Chegg: Education technology shares fell more than 7%. Chegg announced a change in CEO and issued disappointing second-quarter revenue guidance of $159 million to $161 million, lower than the $174 million expected by analysts surveyed by LSEG. NXP Semiconductors – Shares rose more than 5% after the chipmaker posted adjusted earnings of $3.24 per share, beating the LSEG consensus estimate of $3.16 per share. Revenue of $3.13 billion was in line with forecasts. Amkor Technology — The company’s shares rose nearly 7% after the semiconductor company reported beating expectations. First-quarter earnings of 24 cents per share beat Factset’s estimate of 11 cents per share. Revenue of $1.37 billion was higher than the $1.36 billion expected. Second-quarter earnings and revenue guidance were also better than expected. Medifast — Medifast shares fell more than 17% after the nutrition and health company reported first-quarter adjusted earnings of 66 cents per share, missing the FactSet consensus estimate of 80 cents per share. Medifast also issued weak earnings and revenue guidance for the second quarter. F5 – Shares of the cloud application security technology company fell 9% after F5 posted disappointing third-quarter revenue guidance of $675 million to $695 million, compared with the LSEG consensus estimate of $695 million. of $681 million also fell short of the $685 million expected by analysts. Coursera — Coursera shares fell 15% after the online course provider estimated second-quarter revenue of $162 million to $166 million, lower than the $178 million expected by analysts polled by LSEG. WOODWARD — Shares jumped more than 6% after the aircraft supplier beat expectations for second-quarter revenue. Revenue of $835.3 million beat the FactSet consensus estimate of $807 million, and the company raised its guidance for the year. Sensata Technologies — Shares of the sensor technology company soared 17% after the sensor technology company beat revenue and profit expectations in the first quarter and announced that its CEO Jeff Cote would retire and Martha Sullivan would appointed interim president and CEO. Sensata has also entered into an agreement with Elliott Investment that will see Philipp Euler join the board of directors and serve on the CEO search committee.
