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After Market Hours: VOXX, GenMark, Future FinTech, Iridex Gain; Limoneira Slips

VOXX International Corp. (VOXX) - Shares of the electronics company surged 30% in extended trading session on Monday after the company reported strong third-quarter results. Third-quarter profit rose to $18.3 million or $0.74 per share from $2.2 million or $0.10 per share last year. Sales surged 82.6% to $201.1 million from $110.1 million last year.

GenMark Diagnostics Inc. (GNMK) - Shares of the molecular diagnostic testing systems maker gained 7% after issuing a strong outlook for the fourth quarter and full year 2020. For the full year 2020, total revenues is expected to be about $171 million, representing an increase of around 95% over 2019. Revenues for the fourth quarter is expected to be around $50 million, representing an increase of 84% over the fourth quarter. Analysts currently estimate revenues of $45.87 million and $167.48 million for the fourth quarter and full year 2020, respectively.

Future FinTech Group Inc. (FTFT) - Shares of the company gained 6% after the blockchain based e-commerce company said it has agreed with institutional investors for the purchase and sale of 3 million shares at $5.00 per share for proceeds of around $15 million. The company intends to use the proceeds from this offering for growth capital and general working capital purposes.

Iridex Corp. (IRIX) - Shares of the medical devices maker jumped 25% in extended hours on Monday after the company issued an outlook for the fourth-quarter and full-year 2020. Revenues are expected to be $12.2 million to $12.4 million for the fourth quarter, while full-year 2020 revenues are expected to be $36.2 million to $36.4 million.

PGT Innovations, Inc. (PGTI) -Shares of the company gained 5% on Monday after the bell after the company announces pricing of $60 million of senior notes due 2026.

Limoneira Co. (LMNR) - Shares of the lemon producer slipped 6% in after-hours trading on Monday hurt by its fourth-quarter results. Net loss for the fourth quarter was $7.6 million or $0.43 per share, compared to net loss of $3.2 million or $0.18 per share last year. Revenues dropped to $29.8 million from $36.5 million last year.

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Intel Corp. said it is probing into the hack of its fourth-quarter earnings report that prompted the chipmaker to release its earnings statement ahead of schedule. The company, which was scheduled to release the results after the market closed, released it before the market closing on Thursday. Google parent Alphabet decided to drop its Internet balloon project Loon that was launched with the idea of providing Internet access to rural areas and providing last mile connectivity. In a blog post, Loon CEO Alastair Westgarth said they have not found a way to get the costs low enough to build a long-term, sustainable business, despite gaining a number of interested partners along the way. American Airlines announced the launch of Flagship Cellars, its home delivery service for premium wines usually available onboard. The airline's move is said to be due to the excess wine it has amid the weakness in air travel demand following the coronavirus pandemic crisis. The company expects the new at-home wine program to generate about $40,000 to $50,000 in sales during the first quarter.
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