After-hours movers: Fabrinet, Zoom gain following earnings results

After-Hours Stock Movers:

Tingo Group, Inc. (NASDAQ: TIO) 31% LOWER; announced today that it has further postponed its second quarter 2023 earnings release and conference call and the filing of its Form 10-Q for the period ended June 30, 2023.

Fabrinet (NYSE: FN) 16% HIGHER; reported Q4 EPS of $1.86, $0.06 better than the analyst estimate of $1.80. Revenue for the quarter came in at $655.9 million versus the consensus estimate of $641.43 million. Sees Q1 non-GAAP $1.83 to $1.90, based on approximately 36.5 million fully diluted shares outstanding.

Nordson Corp. (NASDAQ: NDSN) 5% LOWER; reported Q3 EPS of $2.35, $0.03 better than the analyst estimate of $2.32. Revenue for the quarter came in at $649 million versus the consensus estimate of $664.94 million. Nordson Corp. sees FY2023 EPS of $8.90-$9.05, versus the consensus of $9.06.

Zoom (NASDAQ: ZM) 4% HIGHER; reported Q2 EPS of $1.34, $0.28 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11 billion. Zoom sees Q3 2024 EPS of $1.07-$1.09, versus the consensus of $1.03. Zoom sees Q3 2024 revenue of $1.115-1.12 billion, versus the consensus of $1.13 billion. Zoom sees FY2024 EPS of $4.63-$4.67, versus the consensus of $4.30. Zoom sees FY2024 revenue of $4.485-4.495 billion, versus the consensus of $4.48 billion.

Advance Auto Parts Inc. (NYSE: AAP) 1% LOWER; Kenvue Inc. (NYSE: KVUE) will replace Advance Auto Parts Inc. (NYSE: AAP) in the S&P 500, and Advance Auto Parts will replace Emergent BioSolutions Inc. (NYSE: EBS) in the S&P SmallCap 600.

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