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Let’s check out the companies that are becoming a hot topic for after-hours trading. Unity Software — Unity Software’s stock price rose more than 3% after the maker of the game engine used in the video games “Angry Birds” and “Pokémon Go” announced it would cut 25% of its workforce, or about 1,800 people. It has risen. Urban Outfitters — Urban Outfitters stock rose more than 5% following holiday sales updates. The apparel retailer announced a 10% year-over-year increase in companywide net sales for the two months ended December 31, 2023. Boeing, United Airlines — Boeing and United Airlines were slightly lower in after-hours trading. United Airlines said in a statement that several loose bolts were found on its Boeing 737 Max 9 aircraft. JetBlue Airways — Following the airline’s announcement that Joanna Geraghty, president and chief operating officer, will succeed Robin Hayes as CEO, effective February 12. JetBlue shares rose more than 1%. MICROCHIP TECHNOLOGY — Shares of Microchip Technology fell more than 3% after the microcontroller maker cut its financial results, citing a “deteriorating economic environment” as its third-quarter earnings forecast. The company expects sales to decline 22% in the third quarter, compared with previous guidance for declines of 15% and 20%. Extreme Networks — Shares fell 7% following the networking equipment company’s preliminary announcement. Extreme Networks lowers its second-quarter revenue outlook to $294 million to $297 million, down from previous guidance of $312 million to $327 million, consistent with FactSet consensus This was below expectations of $320.5 million. Jefferies Financial Group — Shares fell 2%. Jefferies Financial Group reported fourth-quarter sales of $1.2 billion, down 17% from $1.44 billion in the year-ago period.
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