After-Hours Stock Movers 10/04: (ACIA) (CRBP) (TMH) Higher; (ULH) (CASC) (MU) Lower (more...)

October 4, 2016 6:09 PM EDT
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After-Hours Movers

Universal Logistics Holdings, Inc. (NASDAQ: ULH) 11% LOWER; Q3 results and outlook.

Cascadian Therapeutics (NASDAQ: CASC) 7.1% LOWER; announced that its board of directors has approved a plan for a reverse split of the Companys common stock to increase its share price and reduce the number of authorized and outstanding shares.

Acacia Communications, Inc. (NASDAQ: ACIA) 7% HIGHER; now expects revenue of $130 million to $133 million, GAAP net income of $28 million to $31 million, non-GAAP net income of $34 million to $37 million, GAAP diluted earnings per share of $0.68 to $0.75 and non-GAAP diluted earnings per share of $0.83 to $0.90 for the three months ended September 30, 2016. Also, has commenced a follow-on public offering of 4,500,000 shares of its common stock.

Micron Technology (NASDAQ: MU) 5% LOWER; reported Q4 EPS of ($0.05), versus ($0.08) reported last year. Revenue for the quarter came in at $3.22 billion, versus $2.9 billion reported last year. Micron Technology sees Q117 revenue of $3.55 - $3.85 billion, gross margin of 23% - 25.5%, and EPS of $0.13 - $0.21. The Street sees Q1 revenue of $3.48 billion and EPS of $0.12.

Corbus Pharmaceuticals (NASDAQ: CRBP) 4.2% HIGHER; Cantor Fitzgerald initiates coverage with a Buy rating and a price target of $17.00

Team Health Holdings (NYSE: TMH) 1.8% HIGHER; adds to 16.5% intra-day gains on reports it is exploring a sale and is in talks with private-equity firms

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