Stocks making the biggest moves after hours: Cleveland-Cliffs, Nucor, NXP Semiconductors and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 79%
  • Publisher: 72%

Business News

Breaking News: Markets,Stock Markets,Economy

These are the stocks posting the largest moves in extended trading.

Check out the companies making headlines in after-hours trading: Cleveland-Cliffs — The steel producer added 1.6%. Cleveland-Cliffs said it was lowering its outlook for capital expenditures and was on pace to hit its target for cost reductions. On the other hand, the company saw $5.09 billion in revenue for the second quarter, under the consensus estimate of $5.2 billion. Cadence Design Systems — The electronic design stock slipped 1.

The company also beat the consensus forecast from analysts on the measure for the second quarter, but slightly missed on revenue. NXP Semiconductors — The chip company slid 8% after second-quarter adjusted earnings missed the Street's expectations. NXP posted adjusted earnings of $3.20 a share, while consensus estimates came in at $3.21 per share, per LSEG. Revenue was in line with estimates at $3.13 billion. The company also issued a weaker-than-expected outlook.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

United Steelworkers, Sherrod Brown and Cleveland Cliffs call for level playing field in steel industryReporter at News 5 Cleveland
Source: WEWS - 🏆 323. / 59 Read more »

Cleveland-Cliffs announces $2.5 billion acquisition of Canadian steelmakerCleveland Cliffs announced Monday morning that it has agreed to but Canadian steelmaker Stelco.
Source: clevelanddotcom - 🏆 301. / 63 Read more »