After Hours Market: Sonoma Pharmaceuticals, RH, SelectQuote Gain; GameStop, Quotient Slip

Sonoma Pharmaceuticals, Inc. (SNOA) - Shares of the drug company jumped 20% in extended trading session Wednesday after the company announced launch of two new products in Australia. Sonoma and Te Arai BioFarma announced the launch of two new products available in Australia. Both of these new products are based on Sonoma's patented Microcyn and Microdacyn technology and are available without prescription through pharmacies.

RH (RH) - The parent company of Restoration Hardware rose 14% in late trading Wednesday, after the home décor seller's second-quarter earnings trumped Wall Street estimates. Profit rose to $98.4 million or $3.71 per share from $63.6 million or $2.86 per share last year. Adjusted earnings were $4.90 per share. Second-quarter revenues rose to $709.3 million from $706.5 million last year. Analysts polled by Thomson Reuters expected earnings of $3.41 per share on revenues of $707.14 million.

SelectQuote, Inc. (SLQT) - Shares of the online insurance seller rose 14% after the bell on Wednesday after the company's fourth-quarter results beat expectations. Fourth-quarter profit rose to $20.0 million or $0.13 per share from $12.9 million or $0.09 per share last year. Revenues surged 90% to $141.4 million from $74.4 million a year ago. Analysts expected earnings of $0.03 per share on revenues of $119.64 million. Looking forward, the company expects revenues of $775 million to $815 million. Analysts currently estimate revenues of $756.96 million.

GameStop Corp. (GME) - The company slipped over 8% in after-hours trading on Wednesday after the video game retail chain's fiscal second-quarter results missed Wall Street estimates. Grapevine, Texas-based GameStop's second-quarter loss was $111.3 million or $1.71 per share, narrower than last year's loss of $415.3 million or $4.15 per share last year. Adjusted loss were $91.2 million or $1.40 per share. Revenue for the quarter slipped 26.7% to $942.0 million from $1.29 billion last year. Analysts expected loss of $1.13 per share and revenues of $1.02 billion.

Quotient Limited (QTNT) - The company slipped 11% in extended trading hours after announcing a public offering of $60 million of its ordinary shares. The commercial-stage diagnostics company said it intends to commence an underwritten public offering of $60 million of its ordinary shares. The company intends to use the proceeds to fund the ongoing development and commercialization of MosaiQ and for working capital, operating expenses and other general corporate purposes.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT