Chegg – Shares Dipped by 30%
The share prices for Chegg experienced a 30% dip in the premarket trading. The share prices of Chegg experienced a dip after sharing its earnings guidance for the entire year. The textbook company shared weak guidance despite the that its earnings were very promising for the first quarter of 2022.
For the recent quarter, Chegg reported it generated revenues worth $202 million. The earnings it generated were worth 32 cents per share. However, the analysts had predicted that the revenues Chegg may generate would be $201 million. The earnings Chegg was expected to generate were worth 24 cents per share.
Clorox – Shares Dipped by 1.9%
The share prices for Clorox experienced a 1.9% dip in premarket trading. The share prices for Clorox experienced the dip after the household products maker shared its guidance for the entire year. The company reportedly cut down on its guidance for the entire year citing inflationary concerns.
Despite sharing weaker guidance, Clorox had reported stronger than expectations earnings for the recent quarter of 2022. Clorox reported that for the respective quarter, the analysts had predicted they would generate revenues worth $1.79 billion. The earnings they had predicted the company would generate would be 97 cents per share.
Compared to the predictions, the actual earnings Clorox generated for the first quarter of 2022 were $1.31 per share. The revenue Clorox successfully managed to generate for the respective quarter was worth $1.81 billion.
Devon Energy – Shares Surged by 2%
The share prices of Devon Energy experienced a 2% surge in premarket trading. The oil and gas company experienced the surge after making two major announcements for the benefit of the investors.
Devon Energy announced that effective from the second quarter of 2022, the quarterly dividends are hiked. The second announcement was pertaining to the company’s buyback program. The company revealed that it will be proceeding with the stocks buyback program throughout the year 2022.
On top of that, Devon Energy shared its earnings report for the recent quarter of 2022. Devon Energy officials announced that for the respective quarter, the earnings they generated were worth $1.88 per share. The revenues they reported for the respective quarter were worth $3.8 billion.
Against the actual earnings, the estimations that the analysts at FactSet had predicted were $1.75 per share for earnings and $4 billion for revenues.
Bilibili – Shares Dipped by 4.2%
The share prices for Bilibili have experienced a 4.2% dip in premarket trading. The share prices of Bilibili experienced a dip after sharing its earnings for the first quarter of 2022. Following the issuance of weaker than expected earnings, the analysts at Jefferies have cut down their price target for Bilibili’s earnings to $51.30 per share. Prior to the change, share earnings for Bilibili were set to $61.50 per share.