After-hours movers: Bed Bath & Beyond falls on last ditch financing plans, Chegg lower on weak outlook

After-Hours Stock Movers:

Bed Bath & Beyond Inc. (Nasdaq: BBBY) 33% LOWER; today announced a proposed underwritten public offering of (i) shares of the Company's Series A convertible preferred stock (the "Series A Convertible Preferred Stock"), (ii) warrants to purchase shares of Series A Convertible Preferred Stock and (iii) warrants to purchase the Company's common stock.

Chegg (NYSE: CHGG) 21% LOWER; reported Q4 EPS of $0.40, $0.04 better than the analyst estimate of $0.36. Revenue for the quarter came in at $205.2 million versus the consensus estimate of $202.12 million. Sees FY23 Total Net Revenues in the range of $745 million to $760 million, versus the consensus of $817.49 million.

Pinterest (NYSE: PINS) reported Q4 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $877 million versus the consensus estimate of $887.01 million. Pinterest also announced its board of directors' authorization to repurchase up to $500 million of its Class A common stock over the next 12 months. Sees Q1 2023 revenue growing low single digits on a year-over-year percentage basis.

Skyworks Solutions (NASDAQ: SWKS) 3% HIGHER; reported Q1 EPS of $2.59, in-line with the analyst estimate of $2.59. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.32 billion. Skyworks Solutions sees Q2 2023 EPS of $2.02, versus the consensus of $2.24. Skyworks Solutions sees Q2 2023 revenue of $1.125-1.175 billion, versus the consensus of $1.19 billion. Announces $2 billion buyback plan.

Rogers (NYSE: ROG) 2% HIGHER; Starboard Value LP filed a 13D showing a 6.5% stake in Rogers (NYSE: ROG) and nominated a slate of directors.

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