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After Market Hours: Sonoma Pharmaceuticals, Ashford Hospitality Trust, Kezar Life Sciences Gain

Sonoma Pharmaceuticals, Inc. (SNOA) - Share of the company jumped 17% on Thursday after-hours session. Sonom aannounce that its partner MicroSafe Group received approval by Health Canada for their patented and trademarked Nanocyn Disinfectant & Sanitizer, which is manufactured by Sonoma using its patented Microcyn Technology, to be sold into Canada through an interim measure for disinfectants and hand sanitizers.

Ashford Hospitality Trust, Inc. (AHT) - Shares of the company gained 9% in extended session. Cygnus Capital Inc., one of the largest stockholders of Ashford Hospitality Trust, Inc. owning about 7.8%, issued an open letter to the company's stockholders urging them to vote at against AHT's recently launched exchange offers of preferred stock for common stock that will dilute common stockholders by about 94%.

Kezar Life Sciences, Inc. (KZR) - Shares of the clinical-stage biotechnology company jumped 9% after the bell. Kezar released highlighted data from the Phase 1b portion of the MISSION study demonstrating safety, tolerability and early efficacy signals of KZR-616 in patients with systemic lupus erythematosus and lupus nephritis.

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Snack and beverage giant PepsiCo Inc. reported Thursday sharply lower profit in its fourth quarter, despite higher revenues. Adjusted earnings and top line beat market estimates. Further, the company lifted its dividend and announced around $1 billion share buyback. Looking ahead for fiscal 2023, PepsiCo expects growth in organic revenues and core earnings, which is below current market estimates. Shares of Credit Suisse Group AG were losing around 9 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major said it sees substantial loss before taxes in fiscal 2023 after reporting narrower loss in its fourth quarter with lower expenses, despite weak revenues. Walt Disney Co. announced plans to cut 7,000 jobs worldwide as part of its restructuring efforts to save billions in costs. The planned layoffs represent around 3.6 percent of Disney's global workforce. Chief Executive Officer Bob Iger, during the company's first-quarter earnings call, said the restructuring would help the firm save $5.5 billion in costs.
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