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Stocks moving in after hours: Chegg, Petmed Express, Simon Property Group

Yahoo Finance Live’s Jared Blikre checks out several stocks trending in the after-hours trading session.

Video transcript

- Let's take a look at what's moving after hours. We got Chegg, [? PetMed, ?] and also, Simon Property Group. And let's take a look at Chegg. The education company, down about 20%-- you can see that 20.16%-- after guiding its full year revenue quite a bit under expectations-- $745 to $760 million versus estimates of [? $860.5 ?] million. Also seeing gross margin a bit light of 71% to 73%, versus estimates of higher, 74.8%. Also seeing lower [? EBITDA ?] as well-- $240, $250 million, versus a higher estimate of $275.6 million. And you can see the results here chug-- or Chegg down 20%.

Now, we're also looking at PetMed. And let's take a look at that right there. You can see that stock is down 5%. They just reported an EPS of $0, and that is lower than the Street estimate of $0.20. Sales also coming in at $58.9 million, and that is down 3% year over year, which the CEO and President Matt Howlett commented on. He's saying, quote, "Revenue was down year over year 3%, but stable sequentially, despite the prior quarter benefiting from an elongated flea and tick season." So at least somebody is benefiting from that.

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Also taking the pulse of the homebuilder sector. We have Simon Property Group reporting funds from operation per share at $3.40 for the fourth quarter, versus estimates of $3.14. And for the whole year, there they see that coming in at $11.70 to $11.95. That is lower than the street estimate of $12.12. Occupancy, another key stat-- that was 94.9%. And lease income-- that came in at $1.29 billion versus $1.26 billion expected.

Let's just take a look at Simon Property real quick. This is a five-day chart. Want to take a two-year chart so we can see the trek through that peak late last November, I believe, of 2021. Just bouncing back right now. Decent bounce from that October-- what is it September, October?-- low right there.