After-Hours Stock Movers:
Zevia Pbc (NYSE:ZVIA) 14% LOWER; The Company is updating its guidance for the full year of 2023 to reflect recent results, management's revised near-term outlook, and the current environment. Net sales for 2023 are now expected to be in the range of $163 million to $168M compared to prior guidance of $180M to $190M.
Enzo Biochem Inc (NYSE:ENZ) 12% HIGHER; closed a transaction to sell certain assets of Enzos Clinical laboratory division (Enzo Clinical Labs) to Laboratory Corporation of America Holdings (Labcorp) (NYSE:LH) pursuant to an Asset Purchase Agreement dated March 16, 2023, as amended July 3, 2023.
AMC Entertainment Holdings Inc (NYSE:AMC) 11% LOWER; AMC's revised APE (APE) deal goes back to judge on expedited timeline - Bloomberg.
F5 Networks (NASDAQ:FFIV) 7% HIGHER; reported Q3 EPS of $3.21, $0.35 better than the analyst estimate of $2.86. Revenue for the quarter came in at $703M versus the consensus estimate of $698.81M. F5 Networks sees Q4 2023 EPS of $3.15-$3.27, versus the consensus of $3.22. F5 Networks sees Q4 2023 revenue of $690-710M, versus the consensus of $702M.
Cadence Design Systems (NASDAQ:CDNS) 5% LOWER; reported Q2 EPS of $1.22, $0.04 better than the analyst estimate of $1.18. Revenue for the quarter came in at $976.58M versus the consensus estimate of $975.99M. Cadence Design Systems sees FY2023 EPS of $5.05-$5.11, versus the consensus of $5.03. Cadence Design Systems sees FY2023 revenue of $4.05-4.09 billion, versus the consensus of $4.06B.
NXP Semiconductors (NASDAQ:NXPI) 1% HIGHER; reported Q2 EPS of $3.43, $0.15 better than the analyst estimate of $3.28. Revenue for the quarter came in at $3.3B versus the consensus estimate of $3.21B. NXP Semiconductors sees Q3 2023 EPS of $3.39-$3.82, versus the consensus of $3.43. NXP Semiconductors sees Q3 2023 revenue of $3.3-3.5B, versus the consensus of $3.31B.