After-hours movers: Viasat sinks on ‘unexpected event’, Disney gains after re-upping CEO Iger

After-Hours Stock Movers:

Cryoport Inc (NASDAQ:) 25% LOWER; Second quarter 2023 total revenue is expected to be in the range of $56.5 to $57.5 million, representing a decrease of 11%, at the midpoint, compared to the second quarter of 2022. These results reflect weaker-than-expected global demand for capital equipment; clinical trial start delays; and slower-than-expected ramps from certain clients. (Consensus sees Q2 revenue of $67.4M and FY revenue of $275M).

ViaSat Inc (NASDAQ:) 19% LOWER; disclosed that an unexpected event occurred during reflector deployment that may materially impact the performance of the ViaSat-3 Americas satellite. Viasat and its reflector provider are conducting a rigorous review of the development and deployment of the affected reflector to determine its impact and potential remedial measures.

MillerKnoll, Inc. (NASDAQ:) 4% LOWER; reported Q4 EPS of $0.41, $0.02 better than the analyst estimate of $0.39. came in at $956.7M versus the consensus estimate of $944.6M. MillerKnoll, Inc. sees Q1 2024 EPS of $0.18-$0.24, versus the consensus of $0.40. MillerKnoll, Inc. sees Q1 2024 revenue of $880-920M, versus the consensus of $927.3M. MillerKnoll, Inc. sees FY2024 EPS of $1.70-$2.00, versus the consensus of $1.82.

The Walt Disney Company (NYSE:) 1% HIGHER; The Board of Directors announced today that Robert A. Iger has agreed to continue to serve as Chief Executive Officer through December 31, 2026. In voting unanimously to extend Mr. Iger’s contract by two years, the independent members of the Board of Directors noted that Iger’s extension provides continuity of leadership during the company’s ongoing transformation, and allows more time to execute a transition plan for CEO succession, which remains a priority for the Board.