logo
Plus   Neg
Share
Email

After-Hours Market: Nuance, Sonos, Aquestive, Lantheus Gain; GoPro Slips

Nuance Communications, Inc. (NUAN) - Shares of the tech company gained 5% in extended trading session on Wednesday after its fourth-quarter results beat the Street view. Fourth-quarter loss was $23.95 million or $0.08 per share, compared to profit of $108.13 million or $0.37 per share last year. Adjusted earnings were $54.16 million or $0.18 per share for the period. Revenues were $352.93 million, down from $387.58 million last year. Analysts polled by Thomson Reuters estimated earnings of $0.16 per share on revenues of $345.72 million.

Sonos, Inc. (SONO) - Shares of the audio products company jumped 22% after the bell on Wednesday driven by its fourth quarter results that trounced Wall Street estimates. Fourth-quarter net income was $18.4 million or $0.15 per share, compared to a loss of $29.6 or $0.28 per share last year. Adjusted earnings were $0.33 per share, compared to adjusted loss of $0.15 per share last year. Revenues increased 16% year-over-year to $339.8 million from $294.2 million. Analysts estimated earnings to be break-even per share and revenues of $298.77 million.

Aquestive Therapeutics, Inc. (AQST) - Shares of the drug maker gained nearly 8% in extended hours after the company announced the completion of a Type A meeting with the FDA confirming a pathway for resubmission for approval of its drug candidate Libervant for management of seizure clusters. FDA confirmed that issues identified in Complete Response Letter of September 25 may be addressed by utilizing modeling and simulations for an updated dosing regimen.

Lantheus Holdings, Inc. (LNTH) - Shares of the company rose 7% after the bell on Wednesday after FDA approved the supplemental new drug application for Definity Room Temperature. It will commercially available in early 2021.

GoPro, Inc. (GPRO) - Shares of the action camera maker slipped 5% in the after hours trading. The company announced it will offer $100.0 million of senior notes due 2025.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Goldman Sachs Group Inc. cut Chairman and Chief Executive Officer David Solomon's fiscal 2020 pay by $10 million as a penalty for the bank's role in 1Malaysia Development Berhad or 1MDB bribery scandal. In a filing with the U.S. Securities and Exchange Commission, the bank said it has also cut payments of President and Chief Operating Officer John Waldron, and Chief Financial Officer Stephen Scher Facebook has rolled out the Facebook News feature for users across the United Kingdom, the only destination outside the United States to get the feature. Facebook News comes as a tab in the Android or iOS version of the Facebook app that will feature news from hundreds of leading national, local and lifestyle outlets. General Electric Co. (GE) Tuesday reported a surge in its fourth-quarter profit. However, total revenues for the quarter dropped 16 percent from the prior year. But quarterly revenues beat analysts' estimates.
Follow RTT