Check out which companies are making headlines in after-hours trading. Nucor – Shares fell 6.3% after the steelmaker's first-quarter results fell short of estimates and it issued a lackluster outlook for the second quarter. First-quarter earnings of $3.46 per share fell short of the FactSet consensus estimate of $3.67 in EPS. Revenue of $8.14 billion was weaker than the $8.26 billion estimated. Nucor expects second-quarter earnings to decline, citing “decreased steel mill segment earnings, primarily due to lower average selling prices partially offset by a modest increase in volumes.” Cleveland Cliffs – The steel producer lost nearly 3%. Cleveland-Cliffs' first-quarter results fell short of analysts' expectations, with adjusted earnings of 18 cents per share on revenue of $5.2 billion. Analysts surveyed by LSEG estimated earnings of 22 cents per share and revenue of $5.35 billion. Cadence Design Systems – Shares fell 8.9% after the software company issued poor guidance for the second quarter. Cadence Design Systems expects second-quarter earnings per share to range from $1.20 to $1.24, less than the $1.43 per share expected by analysts surveyed by FactSet. Revenue guidance between $1.03 billion and $1.05 billion also missed FactSet estimates of $1.11 billion. Globe Life – Shares rose 1.8% after the life insurance company raised full-year earnings guidance. For all of 2024, Globe Life sees EPS between $11.50 and $12.00, up from the previous range of $11.30 to $11.80. Otherwise, the company reported first-quarter earnings and operating income that matched FactSet consensus estimates. Crane Company – Shares rose 3.7% after the industrial products company reported first-quarter earnings and revenue that beat analysts' estimates. Crane saw adjusted earnings of $1.22 per share versus a FactSet consensus estimate of $1.13. Revenues of $565.3 million exceeded the expected $546.4 million. Alexandria Real Estate Stocks – The stock rose 1.2% after Alexandria beat first-quarter revenue expectations. The life sciences REIT had revenue of $769.1 million, above the FactSet estimate of $764.4 million. American Packaging Company – Stock fell 1.8% in extended trading even as the container board manufacturer reported first-quarter earnings that beat estimates. Packaging Corp. At $1.72 adjusted per share, more than the $1.68 in per-share earnings that analysts surveyed by FactSet had expected. Revenues of $2.0 billion also beat consensus estimates of $1.91 billion. Calix – The cloud and software services provider fell nearly 15% after it issued weak guidance for the second quarter. Calix expects earnings between 3 cents and 9 cents per share on revenue between $197 million and $203 million. Analysts surveyed by FactSet called for earnings of 24 cents per share on revenue of $232.8 million. Simpson Manufacturing – Shares fell nearly 11% after the structural solutions manufacturer reported a drop in revenue and profits in the first quarter. Simpson earned $1.77 per share, down 14.3% from a year ago. Revenue of $530.6 million decreased approximately 1% from the prior year. Medpace – Shares fell 4.3% after Medpace's first-quarter revenue beat estimates. The clinical research organization reported revenue of $511.0 million, below the $512.4 million expected by analysts surveyed by FactSet. NEW YORK — The regional bank rose 3.7% after TrustCo earned 64 cents a share in the first quarter, beating the FactSet consensus estimate of 60 cents. — CNBC's Darla Mercado contributed to this report.
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Stocks making big moves in the aftermarket: Nucor, Cleveland-Cliffs and more
