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After-Hours Movers: Richardson Electronics Gains on EPS, Viavi Up on Buy Rating

October 5, 2022 6:01 PM EDT

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After-Hours Stock Movers:

SurgePays, Inc. (NASDAQ: SURG) 10% HIGHER; announces it exceeded 200,000 subscribers in its mobile broadband subscriber business SurgePhone Wireless LLC, the Company’s wholly-owned subsidiary.

Richardson Electronics (NASDAQ: RELL) 8% HIGHER; reported Q1 EPS of $0.45, $0.21 better than the analyst estimate of $0.24. Revenue for the quarter came in at $67.6 million versus the consensus estimate of $61.4 million.

Viavi Solutions (NASDAQ: VIAV) 4% HIGHER; Rosenblatt initiates coverage on with a Buy rating and a price target of $18.00.

Under Armour, Inc. (NYSE: UA) (NYSE: UAA) 2% HIGHER; announced that effective October 24, David Baxter and Mehri Shadman will join its executive leadership team. Baxter is set to assume a regional leadership role as President of the Americas, succeeding Stephanie Pugliese, who will be stepping down from her role and leaving the company. Pugliese will remain until early 2023 to support Baxter's transition. Shadman has been appointed Chief Legal Officer and Corporate Secretary as John Stanton, UA's current chief legal officer, has decided to retire at the end of 2022 after 16 years of service.

Resources Connection (NASDAQ: RGP) 1% HIGHER; reported Q1 EPS of $0.60, $0.12 better than the analyst estimate of $0.48. Revenue for the quarter came in at $204.1 million versus the consensus estimate of $205 million.



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After-Hours Movers, Rosenblatt