1 hour ago
Stock prices move significantly after hours
Let’s check out the companies that are becoming a hot topic for after-hours trading.
- Nucor — Shares fell 6.3% after the steelmaker reported lower-than-expected first-quarter results and issued a lackluster second-quarter outlook. First-quarter earnings of $3.46 per share were below the FactSet consensus estimate for earnings of $3.67 per share. Sales were $8.14 billion, lower than expectations of $8.26 billion. Nucor said its second-quarter profit would decline due to “lower steelmaking segment profits, primarily due to lower average selling prices, partially offset by modest increases in production.” Expect.
- CLEVELAND-CLIFFS — The steel producer fell nearly 3%. The Cleveland Cliffs’ first-quarter results fell short of analysts’ expectations, with adjusted earnings of 18 cents per share and revenue of $5.2 billion. Analysts surveyed by LSEG expected earnings of 22 cents a share and revenue of $5.35 billion.
- Cadence Design Systems — Shares fell 8.9% after the software company reported a poor second-quarter outlook. Cadence Design Systems expects second-quarter earnings of $1.20 to $1.24 a share, below the $1.43 expected by analysts polled by FactSet. Revenue guidance of $1.03 billion to $1.05 billion also fell short of the FactSet consensus estimate of $1.11 billion.
Read the full list here.
— Sarah Min
1 hour ago
New home sales statistics for March will be released on Tuesday
New home sales are expected to rise 1.2% in March, according to a survey of economists from Dow Jones. This is a significant increase from the previous month’s 0.3% decrease.
Data is expected to be released Tuesday at 10 a.m. ET.
— Sarah Min
1 hour ago
