logo
  

After Hours Market: PVH, Fulgent Genetics, Applied Genetic Gain; Rocket Cos, PagerDuty Slip

Rocket Companies, Inc. (RKT) - Shares of the parent company of mortgage lender Quicken Loans slipped over 6% on Wednesday after the bell despite swinging to a profit in the second quarter. Rocket Companies reported second-quarter net income of $3.46 billion compared to a net loss of $54 million. Adjusted net income was $2.85 billion. Rocket, which went public last month, said its total revenues surged to $5.04 billion from $937.5 million last year. Analysts polled by Thomson Reuters expected earnings of $0.88 per share and revenues of $3.75 billion.

PagerDuty, Inc. (PD) - Shares of the company tanked 23% in extended hours Wednesday after the company posted quarterly results were below Wall Street estimates. The company reported a second-quarter loss of $14.7 million or $0.19 per share, wider than last year's loss of $12.6 million or $0.17 per share. Adjusted loss was $0.04 per share, narrower than last year's loss of $0.07 per share. Revenues grew to $50.7 million from $40.4 million a year ago. Analysts expected loss of $0.07 per share on sales of $50.7 million. Looking forward, the company expects third-quarter adjusted losses of $0.10 to $0.11 per share on sales of $52 million to $53 million. Analysts currently expect loss of $0.09 per share on sales of $52.6 million.

PVH Corp. (PVH) - Shares of the apparel company gained over 4% on Wednesday after the bell driven by second-quarter results. The company reported second-quarter loss of $51.4 million or $0.72 per share, compared to a profit of $193.5 million or $2.58 per share last year. Adjusted earnings were $0.13 per share, down from $2.10 per share last year. The owner of the Calvin Klein and Tommy Hilfiger brands said revenue dropped to $1.58 billion from $2.36 billion last year. Wall Street analysts expected a loss of $2.44 per share on revenues of $1.25 billion.

Fulgent Genetics, Inc. (FLGT) - Shares of the genetic testing services company jumped 8% in after-hours session Wednesday. The company and New York City Health and Hospitals have announced they will provide COVID-19 testing to hundreds of thousands of students across approximately 1600 locations as they return to school in September and over the next several months. Fulgent will provide its FDA EUA-approved at-home test, Picture by Fulgent.

Applied Genetic Technologies Corp. (AGTC) - Shares of the biotechnology company gained nearly 10% on extended hours Wednesday. Applied Genetic Technologies announced that it will provide a update on its planned Phase 2/3 X-Linked Retinitis Pigmentosa clinical trial design, a re-analysis of dose Groups 2 and 4 data, and new preliminary visual sensitivity data from Group 5 on September 9.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Green Field Farms Dairy has recalled its Whole Chocolate Milk product as a laboratory analysis indicated that the product was not effectively pasteurized, the U.S. Food and Drug Administration announced. The recall involves 1,242 units of the Whole Chocolate Milk with an expiration date of September 29, 2021. General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing.
Follow RTT