After-Hours Stock Movers:
Zscaler (NASDAQ:ZS) fell 6.5% despite topping consensus estimates for the first quarter of the year, after it issued guidance that was in-line with estimates.
Honeywell (NASDAQ:HON) fell 3% after it lowered full year guidance due to impacts from an agreement with Bombardier. While the commercial agreement impacts near-term Honeywell financials, the company is confident it will lead to long-term value creation for Honeywell shareowners.
Microchip Technology (NASDAQ:MCHP) fell 3.3% after it said turns orders have been slower than anticipated and it now expects December 2024 revenue to be close to the low end of its original guidance which is $1.025 billion.
TransMedics Group (NASDAQ:TMDX) fell 9% after it announced the appointment of Mr. Gerardo Hernandez as the Company’s Chief Financial Officer. TransMedics now expects revenue for the full year 2024 to be in the range of $428 million to $432 million, lower than the average analysts’ estimate.
Credo Technology Group Holding (NASDAQ:CRDO) rose 30% after it issued solid quarterly results and issued strong-than-expected guidance.
Janux Therapeutics (JANX) rose 30% after it announced positive updated interim clinical data for its JANX007 clinical program.
