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Wolfspeed Inc (NYSE:WOLF) 11% LOWER; reported Q4 EPS of ($0.42), $0.22 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $235.8 million versus the consensus estimate of $224.53M. Wolfspeed sees Q1 2024 EPS of ($0.60)-($0.75), versus the consensus of ($0.30). Wolfspeed sees Q1 2024 revenue of $220-240M, versus the consensus of $235.5M.
Avnet (NASDAQ:AVT) 8% HIGHER; reported Q4 EPS of $2.06, $0.41 better than the analyst estimate of $1.65. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.27B. Avnet sees Q1 2024 EPS of $1.45-$1.55. Avnet sees Q1 2024 revenue of $6.15-6.45B.
Chesapeake Energy Corp. (NYSE:CHK) 6% HIGHER; will replace Mercury Systems Inc. (NASDAQ:MRCY) in the S&P Midcap 400.
Paycor HCM Inc (NASDAQ:PYCR) 4% LOWER; reported Q4 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $140M versus the consensus estimate of $136.51M. Paycor HCM, Inc sees Q1 2024 revenue of $138-140M, versus the consensus of $142.5M. Paycor HCM, Inc sees FY2024 revenue of $644-650M, versus the consensus of $646.97M.
StoneCo Ltd (NASDAQ:STNE) 4% HIGHER; reported Q2 EPS of R$0.94, R$0.08 better than the analyst estimate of R$0.86. Revenue for the quarter came in at R$2.95B versus the consensus estimate of R$2.9B. StoneCo sees Q3 2023 revenue of R$3075M, versus the consensus of R$2352M.
Mercury General Corporation (NYSE:MCY) 3% HIGHER; will replace Arconic Corp (NYSE:ARNC) in the S&P 600. Removed from S&P 400.
Chegg, Inc. (NYSE:CHGG) 2% HIGHER; announced its board of directors has authorized an increase of $200M as part of its securities repurchase program
