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After-Hours Movers 11/18: (NOW) (OKTA) (CNK) Higher; (DJT) (WWD) (ASH) Lower (more...)

November 18, 2019 5:52 PM

After-Hours Movers

DHT Holdings, Inc. (NYSE: DHT) 5.6% LOWER; announced today that BW Group Limited has commenced a registered underwritten public offering of up to 14,680,880 shares of DHT common stock. DHT will not offer any shares in or receive any proceeds from the offering. The total number of shares outstanding will not change as a result of this offering.

Woodward (NASDAQ: WWD) 4.9% LOWER; reported Q4 EPS of $1.22, $0.03 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $737 million versus the consensus estimate of $745.47 million. Woodward sees FY2020 EPS of $5.30-$5.60, versus the consensus of $5.51. Woodward sees FY2020 revenue of $3-3.1 billion, versus the consensus of $3.09 billion.

Ashland (NYSE: ASH) 4.6% LOWER; reported Q4 EPS of $0.77, $0.18 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $609 million versus the consensus estimate of $633.63 million.

Karuna Therapeutics, Inc. (Nasdaq: KRTX) 4.2% LOWER; announced that it has commenced an underwritten public offering of 2,600,000 shares of its common stock.

ServiceNow Inc. (NYSE: NOW) 3.6% HIGHER; will replace Celgene in the S&P 500 prior to the open of trading on Thursday, November 21. Bristol-Myers Squibb Co. (NYSE: BMY) is acquiring Celgene in a deal expected to be completed soon pending final conditions.

Performance Food Group Company (NYSE: PFGC) 3.2% LOWER; announced today that it has commenced a public offering of an aggregate of 9,200,000 shares of its common stock in connection with a forward sale agreement as described below. The underwriters are expected to be granted a 30-day option to purchase up to an additional 1,380,000 shares of the Companys common stock.

Ellington Financial Inc. (NYSE: EFC) 2.7% LOWER; announced today that it has commenced an underwritten public offering of 4,200,000 shares of common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 630,000 shares of common stock. UBS Securities LLC, Credit Suisse Securities (USA) LLC, BofA Securities, and Keefe Bruyette & Woods, Inc. are acting as joint book-running managers for the offering.

Kornit Digital (NASDAQ: KRNT) 2% LOWER; reported Q3 EPS of $0.09, $0.09 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $44.6 million versus the consensus estimate of $49.07 million.

AMC Entertainment (NYSE: AMC) 1.7% HIGHER; Studios Could Buy Theaters as U.S. Moves to End Antitrust Order - Bloomberg

Okta, Inc (NASDAQ: OKTA) 1.6% HIGHER; DA Davidson upgraded from Neutral to Buy.

Cinemark Holdings, Inc. (NYSE: CNK) 1.2% HIGHER; Studios Could Buy Theaters as U.S. Moves to End Antitrust Order - Bloomberg

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