Fannie Mae, Freddie Mac shares tumble after conservatorship comments
After-hours movers:
SelectQuote (SLQT) rose 37% after it announced strong results and guidance, along with a $350 million investment from Bain Capital, Morgan Stanley Private Credit, and Newlight Partners. The investment will allow the Company to recapitalize its balance sheet, to lower its annual cash debt service, and to provide liquidity and increase operating flexibility to fund growth initiatives.
Harmonic (NASDAQ:HLIT) fell 31% after providing disappointing guidance. The company sees FY 2025 EPS of $0.43-$0.68, versus the consensus of $0.87. It sees FY 2025 revenue of $585-$645 million, versus the consensus of $720.73 million
Coty (NYSE:COTY) fell 3% after it reported Q2 EPS of $0.11, $0.10 worse than the consensus estimate of $0.21. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.73 billion.
Lattice Semiconductor (LSCC) rose 12% after it offered guidance that was better than expected. Lattice Semiconductor sees Q1 2025 revenue of $115-125 million, versus the consensus of $118.8 million.
Fluence Energy (FLNC) fell 37% after fourth quarter results disappointed on the top and bottom line. It also cut guidance.