Stocks making the biggest moves after hours: Cleveland-Cliffs, Nucor, NXP Semiconductors and more

Check out the companies making headlines in after-hours trading: Cleveland-Cliffs — The steel producer added 1.6%. Cleveland-Cliffs said it was lowering its outlook for capital expenditures and was on pace to hit its target for cost reductions. On the other hand, the company saw $5.09 billion in revenue for the second quarter, under the consensus estimate of $5.2 billion. Cadence Design Systems — The electronic design stock slipped 1.6% on the back of soft earnings guidance for the current quarter. Cadence said to expect earnings of $1.39 to $1.49 per share in the third quarter, while analysts polled by FactSet called for $1.61 a share. That overshadowed the company’s better-than-expected report for the second quarter. Nucor — The steel manufacturer slipped 1% even after its earnings that surpassed forecasts. In the second quarter, Nucor earned $2.68 per share on $8.08 billion in revenue, while analysts polled by LSEG anticipated $2.35 a share and $7.69 billion in revenue. Crown Holdings — The packaging product maker jumped 6% on the back of full-year guidance that exceeded expectations. Crown said earnings should come in at between $6 and $6.25 on a per-share basis, higher than the $5.97 per share estimate from analysts surveyed by FactSet. The company also beat the consensus forecast from analysts on the measure for the second quarter, but slightly missed on revenue. NXP Semiconductors — The chip company slid 8% after second-quarter adjusted earnings missed the Street’s expectations. NXP posted adjusted earnings of $3.20 a share, while consensus estimates came in at $3.21 per share, per LSEG. Revenue was in line with estimates at $3.13 billion. The company also issued a weaker-than-expected outlook. Zions Bancorporation — The bank stock flickered near the flatline after earnings topped the Wall Street consensus estimate. Zions earned $1.28 per share in the second quarter, above the $1.10 figure penciled in by analysts polled by LSEG. SAP — U.S. shares of the German business software company rallied almost 5% on strong second-quarter revenue. SAP raked in 8.29 billion euros during the period, above the estimate of 8.24 billion euros from analysts polled by LSEG. Adjusted earnings per share came in line with the analyst prediction of 1.10 euros. Calix — The broadband platform company slipped 6% after second-quarter revenue and current-quarter guidance disappointed analysts. Calix said it had $198.1 million in revenue for the quarter, while analysts polled by FactSet forecast $200.8 million. Calix also said to expect earnings per share and revenue to come in lower than the Street anticipated in the third fiscal quarter. — CNBC’s Darla Mercado contributed reporting.