Egg cases from Cal-Maine Foods, Inc., are expected to be delivered by Mississippi Department of Agriculture and Commerce employees to several hundred families along with more than 1,400 boxes of Merchants Foodservice meat products and 2,200 gallons of milk. by Borden Dairy, at the Mississippi State Fairgrounds in Jackson, Mississippi, on August 7, 2020.
Rogelio V. Solis | AP
Check out the companies that make news after Tuesday’s bell:
Cal-Maine Foods: Cal-Maine Foods reported a surprise profit for its second fiscal quarter, causing shares to rise more than 2% after trading. The company earned earnings per share of 25 cents in revenue of $ 347.3 million. Analysts surveyed by FactSet predicted a loss of eight cents in revenue share of $ 333.5 million. Sales of the company’s dozens of eggs grew 4.6% year-on-year.
Myriad Genetics: Biotech company shares rose nearly 2% in news Myriad will explore “strategic alternatives” for its autoimmune business. The company is also restructuring its international operations.
Smart Global Holdings: Smart Global recorded first-quarter fiscal earnings per share that were better than expected, which increased the shares of the computer memory maker by 2.4%. Smart Global reported an adjusted earnings per share of 78 cents, surpassing a FactSet estimate of 70 cents per share. The company also issued better-than-expected revenue guidelines for the current quarter.
Nektar Therapeutics: Nektar shares fell about 1% after the company announced that Dr. Brian Kotzin will take over as interim medical director, effective immediately, replacing the current CMO Wei Lin.