Check out the companies making headlines in after-hours trading. Nucor – Shares of Nucor fell 6.3% after the steelmaker missed first-quarter results and issued a bleak second-quarter outlook. First-quarter earnings of $3.46 per share were below the FactSet consensus estimate of $3.67 per share. Revenue was $8.14 billion, below expectations of $8.26 billion. Nucor expects profits to fall in the second quarter, citing “lower profits in the Steel Mills segment primarily due to lower average selling prices, partially offset by modest growth in sales volume.” CLEVELAND CLIFFS — The steelmaker fell nearly 3%. Cleveland-Cliffs’ first-quarter results fell short of analysts’ expectations, with adjusted earnings of 18 cents per share and revenue of $5.2 billion. Analysts polled by LSEG expected earnings of 22 cents per share on revenue of $5.35 billion. Cadence Design Systems — Shares of Cadence Design Systems fell 8.9% after the software company issued poor second-quarter guidance. Cadence Design Systems forecast second-quarter earnings of $1.20 to $1.24 per share, below the $1.43 per share expected by analysts polled by FactSet. Revenue guidance was between $1.03 billion and $1.05 billion, also below the FactSet consensus forecast of $1.11 billion. Globe Life — Shares of Globe Life rose 1.8% after the life insurance company raised its full-year profit guidance. Globe Life expects full-year 2024 earnings per share to be in a range of $11.50 to $12.00, up from the previous range of $11.30 to $11.80. Otherwise, the company reported first-quarter operating profit and revenue in line with FactSet consensus estimates. Crane Company — Shares of Crane Company rose 3.7% after the industrial products company reported first-quarter profit and revenue that beat analysts’ expectations. Crane expects adjusted earnings of $1.22 per share, compared with the FactSet consensus of $1.13. Revenue was $565.3 million, above expectations of $546.4 million. Alexandria Real Estate Stocks — Alexander shares rose 1.2% after beating first-quarter revenue estimates. The life sciences REIT posted revenue of $769.1 million, topping the FactSet consensus estimate of $764.4 million. Packaging Corporation of America — Shares of Packaging Corporation of America fell 1.8% in after-hours trading even though the containerboard maker reported first-quarter profit that beat expectations. Packaging Corp.’s adjusted earnings per share were $1.72, above the $1.68 per share expected by analysts polled by FactSet. Revenue of $2.0 billion also beat consensus estimates of $1.91 billion. Calix — Shares of the cloud and software provider fell nearly 15% after issuing weak second-quarter guidance. Calix expects earnings of 3 cents to 9 cents per share on revenue of $197 million to $203 million. Analysts polled by FactSet expected earnings of 24 cents per share on revenue of $232.8 million. Simpson Manufacturing – Shares of Simpson Manufacturing fell nearly 11% after the maker of structural solutions reported lower first-quarter revenue and profits. Simpson’s earnings per share were $1.77, down 14.3% from the same period last year. Revenue was US$530.6 million, down nearly 1% from the previous year. Medpace — Medpace shares fell 4.3% after first-quarter revenue fell short of expectations. The clinical research organization reported revenue of $511 million, below the $512.4 million expected by analysts polled by FactSet. TrustCo Bank Corp. NEW YORK — TrustCo’s first-quarter earnings of 64 cents per share beat the FactSet consensus estimate of 60 cents, sending shares of the regional bank up 3.7%. —CNBC’s Darla Mercado contributed to this report.
