Home Business Chegg, Clorox, Devon Energy and more

Chegg, Clorox, Devon Energy and more

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Check out the companies making headlines after hours.

Chegg – Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most recent quarter, Chegg reported earnings of 32 cents per share on revenues of $ 202 million. Analysts surveyed by Refinitiv were expecting earnings of 24 cents per share on revenues of $ 201 million.

Clorox – Clorox’s stock price dipped about 1.9% after the maker of household products cut its full-year gross margin outlook on inflationary concerns. Clorox otherwise topped earnings expectations after reporting earnings of $ 1.31 per share on revenues of $ 1.81 billion. The company was expected to earn 97 cents per share on revenues of $ 1.79 billion, according to consensus estimates from Refinitiv.

Devon Energy – Shares jumped more than 2% after the company announced a dividend and buyback hike. The oil and gas company reported earnings of $ 1.88 per share and revenues of $ 3.8 billion for the quarter ending March. Analysts polled by FactSet were expecting earnings of $ 1.75 per share on revenues of $ 4 billion.

Avis Budget Group – The car company’s stock price soared nearly 7% after Avis Budget’s quarterly results surpassed analysts’ expectations. The company benefited from pent-up travel demand that spurred consumers to rent cars even at higher prices. Avis reported earnings of $ 9.99 per share on revenues of $ 2.4 billion. Analysts polled by Refinitiv were forecasting earnings of $ 3.45 per share on revenues of $ 2.08 billion.

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