Let’s check out the companies that are becoming a hot topic for after-hours trading. Nucor — Shares of the steel products maker rose 3% after reporting strong third-quarter results. Nucor said it earned $2.63 per share in the period, beating previous guidance that had suggested earnings would be between $2.05 and $2.15 per share, according to FactSet. Third-quarter sales came in at $8.52 billion, beating analysts’ consensus estimates of $8.18 billion, according to FactSet. Nucor said it expects profit for the current period to be lower than in the third quarter. F5 — The cybersecurity company’s stock fell more than 6% after the company issued disappointing guidance, expecting “short-term disruption to the sales cycle” after suffering a system breach by Chinese state-sponsored hackers earlier this month. For the full year, F5 expects adjusted earnings of $14.50 to $15.50 per share and sales growth of 0% to 4%, both lower than analysts surveyed by LSEG expected for earnings of $16.25 per share and sales growth of 4%. The company’s profit and sales outlook for the first quarter also fell short of expectations. However, the company posted higher profits and sales in the fourth quarter. Cadence Design Systems — Shares of the electronic systems design company fell about 1.6% on the back of a weaker-than-expected outlook for the fourth quarter. The company is expected to have revenue of $1.41 billion to $1.44 billion in the period, compared to the $1.41 billion expected by analysts surveyed by FactSet. The company reported strong results in the third quarter, with adjusted earnings per share of $1.93 and revenue for the period of $1.34 billion. Analysts polled by FactSet had expected earnings of $1.79 per share and revenue of $1.32 billion. Avis Budget Group — The truck rental company’s stock rose 4.6% after market close. Avis Budget Group reported third-quarter revenue of $3.52 billion, compared to analyst estimates compiled by FactSet of $3.45 billion. Cash flow forecasts also significantly exceeded FactSet’s expectations, with Avis Budget reporting adjusted EBITDA of $559 million, higher than analysts’ expectations of $540.3 million. NXP Semiconductors — Shares of the Dutch semiconductor maker rose 2% after the company reported third-quarter results that beat Wall Street expectations and a stronger-than-expected forecast for the current quarter. NXP reported third-quarter revenue of $3.17 billion, slightly above the $3.16 billion expected by analysts surveyed by LSEG. Meanwhile, the company’s earnings per share were $3.11, in line with analyst expectations, according to LSEG. NXP said it expects fourth-quarter adjusted earnings to be in the range of $3.07 to $3.49 per share, reflecting a recovery from weak demand. Confluent — The data streaming platform soared 8.7% in after-hours trading. Confluent’s third-quarter adjusted earnings were 13 cents per share on revenue of $299 million, beating analysts’ estimates of 10 cents per share and $293 million on revenue, according to LSEG. Universal Health Services — The healthcare facility manager soared 5.6% after reporting better-than-expected earnings and guidance. United Health Services reported third-quarter earnings of $5.69 per share, excluding items, on revenue of $4.5 billion, beating the FactSet consensus estimate of $4.88 per share, or $4.34 billion. Waste Management — Shares of the waste services company fell 4.8% following disappointing financial results. Waste Management reported pre-item earnings of $1.98 per share, compared with analysts’ estimates compiled by FactSet of $2.02 per share. LSEG said sales came in at $6.44 billion, below analysts’ expectations of $6.5 billion. — Alex Harring and Sean Conlon contributed reporting.
Nucor, Waste Management, F5, NXP, etc.
