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Chegg, Clorox, Devon Energy and more


Check out companies that make headlines after hours.

Chegg – Shares fell nearly 30% after the textbook company reported weak guidance for the full year despite beating earnings expectations. For its most recent quarter, Chegg reported earnings of 32 cents per share on revenue of $202 million. Analysts surveyed by Refinitiv had expected earnings of 24 cents per share on revenue of $201 million.

Clorox – Clorox’s stock price fell about 1.9% after the home products maker cut its full-year gross margin outlook on inflation concerns. In other words, Clorox topped earnings expectations after reporting earnings of $1.31 per share on revenue of $1.81 billion. According to consensus estimates from Refinitiv, the company is expected to earn 97 cents per share on revenue of $1.79 billion.

Devonian energy – Shares rose more than 2% after the company announced a dividend increase and buyback. The oil and gas company reported earnings of $1.88 per share and revenue of $3.8 billion for the quarter ended March. Analysts polled by FactSet had expected earnings of $1.75. per share on $4 billion in revenue.

Avis . budget team The carmaker’s share price jumped nearly 7% after Avis Budget’s quarterly results beat analyst expectations. The company benefits from pent-up travel demand that has spurred consumers to rent cars even at higher prices. Avis reported earnings of $9.99 per share on revenue of $2.4 billion. Analysts polled by Refinitiv had forecast earnings of $3.45 per share on revenue of $2.08 billion.



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