Traders work on the floor of the New York Stock Exchange in the afternoon of October 14, 2015 in New York City.
Andrew Burton | Getty Images News | Getty Images
Check out the companies that make headlines after hours on Thursday:
Ross Stores – Shares of the discount trade came in about 0.5% trading after hours on the back of a surprising profit and better than expected earnings. Ross posted a profit of 6 cents per share, which included a profit of 19 cents per share, and a turnover of $ 2.68 billion for the first quarter. Analysts surveyed by FactSet expected a loss of 28 cents per share n revenue of $ 2.51 billion. However, CEO Barbara Rentler said: “There remains significant uncertainty about how the pandemic will continue to evolve and affect consumer demand and the economy, and the potential for additional shutdowns by the government exists.”
OSI Systems – The stock of the X-Ray machine developer slipped more than 3% after the company’s disappointing revenue guidelines for fiscal 2021. Issued, OSI Systems expects revenue to be between $ 1.09 billion and $ 1.14 billion. That is below a FactSet median estimate of $ 1.19 billion.
Sorrento Therapeutics – Sorrento shares rose 2.6% after the biopharmaceutical company agreed to buy SmartPharm Therapeutics for a maximum of $ 19.4 million in common stock. The deal is expected to close next month. “The merger with Sorrento presents an enormous opportunity to advance our next-generation, non-viral gene therapy technology,” SmartPharm CEO Jose Trevejo said in a statement.
Keysight Technologies – Keysight Technologies shares jumped more than 6% in trading after hours after the company posted better-than-expected results for its fiscal third quarter. Keysight reported earnings of $ 1.19 per share on revenue of $ 1.01 billion. Analysts expected earnings of 83 cents per share on revenue of $ 915.4 million, according to FactSet.
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