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After-hours movers: Super Micro Computer, J.B. Hunt, and more

January 18, 2024 4:53 PM EST

After-Hours Stock Movers:

Super Micro Computer (NASDAQ: SMCI) climbed 5.9% after it raised quarterly guidance. It now sees earnings per share of $5.40 to $5.55, up from prior guidance of $4.40 to $4.88 . It sees revenue of $3.6 billion to $3.65 billion, up from $2.7 billion to $2.9 billion.

AST SpaceMobile (NASDAQ: ASTS) shares were volatile after it announced strategic investment from AT&T, Google and Vodafone and aggregate new financing of up to $206.5 million in gross proceeds. It also announced launch a public offering of $100 million of its Class A common stock. Shares were up as much as 35% at one point, before reversing and falling 5%.

J.B. Hunt Transport Services (NASDAQ: JBHT) climbed 2.7% after it reported fourth quarter revenue of $3.3 billion, beating the consensus estimate of $3.27 billion. Revenue was down 9% from last year and EPS was down 23%.

Esperion Therapeutics (Nasdaq: ESPR) declined 16% after it commenced an underwritten public offering of shares of its common stock.

Coherus BioSciences (NASDAQ: CHRS) climbed 9% after it announced data from the lead-in portion of the Phase 2 clinical trial evaluating casdozokitug in combination with atezolizumab and bevacizumab in treatment naïve patients with unresectable locally advanced or metastatic hepatocellular carcinoma.

Macy's (NYSE: M) declined 0.5% following a report that it plans to lay off 13% of its corporate staff and close five stores in an effort to cut costs and redirect spending to improving the shopping experience. According to a report from the Wall Street Journal, job cuts total roughly 2,350 positions, 3.5% of its overall workforce.

Coinbase Global Inc. (NASDAQ: COIN) declined 1% after falling 7% during the regular session as the price of Bitcoin fell below $41,000.

Wendy's Company (Nasdaq: WEN) gained 1% after its Board of Directors appointed Kirk Tanner as President and CEO, effective February 5. Mr. Tanner will succeed Todd Penegor. Wendy's continues to expect its full year 2023 results to fall within the outlook ranges provided in its third quarter earnings release.

By Louis Juricic



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After-Hours Movers, Layoffs, Earnings, Bitcoin