logo
  

After Market Hours: InnerWorkings, Groupon, Fulgent Genetics Rise; Urban One, Oracle Slip

InnerWorkings, Inc. (INWK) - The micro-cap company surged over 46% on Tuesday after hours. InnerWorkings reported a net loss of $2.8 million or $0.15 per share, wider than last year's loss of $2.04 million or $0.04 per share. Gross revenues were $261.4 million, a decrease of 2% from $267.2 million last year.

Groupon Inc. (GRPN) - The coupon service company gained nearly 5% in extended trading Tuesday. Groupon reported a narrower-than-expected loss for the first-quarter while sales also trumped estimates. Groupon reported first-quarter loss of $213.5 million or $7.53 per share, compared to net loss of $42.5 million or $1.49 per share last year. Adjusted loss for the quarter was $46.2 million or $1.63 a share. Sales plunged 35% to $374.2 million due to COVID-19 pandemic. Analysts polled by Thomson Reuters expected loss of $1.91 per share on sales of $369.14 million.

"COVID-19 has had a major impact on our business and we have moved quickly to position Groupon to weather the pandemic and to help our merchants face these unprecedented challenges," Interim CEO Aaron Cooper said in a statement.

Fulgent Genetics, Inc. (FLGT) - Shares of the genetic testing services company jumped nearly 10% after bell on Tuesday. Fulgent Genetics announced that it has launched an at-home testing solution for the COVID-19. The company received Emergency Use Authorization from the US Food and Drug Administration for use in the United States. Fulgent Genetics will be offering the testing service through Picture Genetics, the company's consumer-initiated genetic testing platform, beginning next week.

Urban One, Inc. (UONE) - The company tanked over 20% on Tuesday after hours. The company's stock had skyrocketed over 300% on regular trading. The company has now recorded a 9-fold gain in three days. Urban One, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital.

Oracle Corp. (ORCL) - The business software giant slipped 4% in after-hours on Tuesday after reporting a fourth-quarter profit that beat Wall Street estimates, however, revenues fell short of expectations due to COVID-19 pandemic.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Philips Electronics NV were losing around 2 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant on Monday trimmed its outlook for fiscal 2021 after reporting weak EBITA and sales in its third quarter. The results were hurt by supply chain challenges as well as Sleep & Respiratory Care recall. However, quarterly net profit was significantly higher. The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,... Butterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement.
Follow RTT