Stocks making the biggest moves after hours: Paramount, NXP Semiconductors, Chegg, F5 and more

Check out the companies making headlines in after hours trading. Paramount Global — Shares rose less than 1% after the parent of CBS television said its CEO Bob Bakish would step down and be replaced by an "office of the CEO." The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 cents anticipated by analysts polled by LSEG. Otherwise, revenue of $7.69 billion missed the expected $7.73 billion. Chegg — The education technology stock fell more than 7%.

Medifast — Shares of Medifast plunged 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 issued a weak second-quarter earnings and revenue outlook. F5 — The application security cloud company dropped 9% after F5 issued disappointing third-quarter revenue guidance of $675 million to $695 million, compared to the $695 million LSEG consensus estimate.

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