Gilead, RingCentral, Chegg and extra

Try the businesses making headlines after the bell:

Shares of Gilead dropped as a lot as 5 % after hours after the biotech firm launched disappointing check outcomes from one in all its persistent liver illness medication. The corporate stated it was “dissatisfied” the examine didn’t obtain its objective however they “stay dedicated to advancing therapies for sufferers.”

Shares of RingCentral rose as a lot as 6 % in prolonged buying and selling Monday following the discharge of their fourth quarter earnings. Income was $188.6 million, beating estimates of $181.1 million. Earnings per share have been 23 cents, in comparison with the 18 cents that analysts anticipated. The corporate gave sturdy 2019 income steerage and 2019 earnings per share steerage have been largely above estimates.

Chegg shares surged as a lot as 10 % after hours on Monday following an earnings beat. The academic expertise firm beat on the highest and backside strains. Earnings per share have been 25 cents, beating estimates by four cents. Income was $95.7 million, vs. the forecast $91.7 million. The corporate issued sturdy steerage for this quarter and 2019. The inventory has greater than doubled its worth over the previous 12 months.

Amkor Technology shares dropped greater than 5 % in prolonged buying and selling Monday based mostly on weak first-quarter gross sales steerage regardless of better-than-expected earnings. The apple-supplier reported earnings of 19 cents per share on revenues of $1.08 billion. Analysts has anticipated earnings per share of eight cents on revenues of $1.06 billion. The corporate stated weak gross sales steerage displays a list correction presently underway within the smart-phone market.

Author: Maxwell C.

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