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Business

Chegg, Clorox, Devon Energy and more




Check the companies that make headlines after working hours.

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

Clorox – Clorox’s share price fell around 1[ads1].9% after the household product maker cut its full-year gross margin outlook on inflation concerns. Clorox otherwise topped earnings expectations after reporting $ 1.31 earnings per share on revenue of $ 1.81 billion. The company was expected to earn 97 cents per share on revenue of $ 1.79 billion, according to consensus estimates from Refinitiv.

Devon Energy – Shares rose more than 2% after the company announced dividends and repurchases. The oil and gas company reported earnings of $ 1.88 per share and revenue of $ 3.8 billion for the quarter ended March. Analysts asked by FactSet expected earnings of $ 1.75 per share on revenue of $ 4 billion.

Avis Budget Group – The car company’s share price rose almost 7% after Avis Budget’s quarterly results exceeded analysts’ expectations. The company profited from pent-up travel demand that encouraged consumers to rent cars even at higher prices. Avis reported earnings of $ 9.99 per share on earnings of $ 2.4 billion. Analysts asked by Refinitiv predicted earnings of $ 3.45 per share on revenue of $ 2.08 billion.



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