See the companies making headlines in after-hours trading. Paramount Global – Shares rose less than 1% after the parent company of CBS Television said CEO Bob Bakish would resign and be replaced by an “office of the CEO.” The news comes as Paramount posted earnings per share of 62 cents, above the 36 cents expected by analysts polled by LSEG. Otherwise, revenue of $7.69 billion fell short of the expected $7.73 billion. Chegg – Education technology stocks fell more than 7%. Chegg announced a CEO change and provided 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, ahead of LSEG’s consensus estimate 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 posted top expectations. First-quarter earnings of 24 cents per share beat Factset’s estimate of 11 cents per share. Revenue of $1.37 billion was more than the expected $1.36 billion. Profit and turnover expectations for the second quarter were also better than expected. Medifast – Shares of Medifast fell more than 17% after the nutrition and wellness company posted first-quarter adjusted earnings of 66 cents per share, missing the FactSet consensus estimate of 80 cents per share. Medifast also gave weak profit and revenue guidance for the second quarter. F5 – The cloud application security company fell 9% after F5 released disappointing third-quarter revenue guidance of $675 million to $695 million, compared to the LSEG consensus estimate of $695 million. Second-quarter revenue of $681 million also fell short of the $685 million analysts expected. Coursera – Shares of Coursera fell 15% after the online course provider estimated second-quarter revenue at $162 million to $166 million, below the $178 million expected by analysts surveyed by LSEG. Woodward – Shares rose more than 6% after the aircraft supplier beat revenue expectations in the second quarter. Revenue of $835.3 million surpassed the FactSet consensus estimate of $807 million, and the company raised its forecast for the year. Sensata Technologies – Shares rose 17% after the sensor technology company beat first-quarter expectations in both revenue and revenue and announced that CEO Jeff Cote would retire and Martha Sullivan would be named interim president and CEO. Sensata also entered into an agreement with Elliott Investment that would see Phillip Eyler join the board of directors and serve on the CEO search committee.
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