After-Hours Stock Movers 07/16: (FRGI) (PHAS) (PPG) Higher; (JBHT) (NFLX) (ROKU) Lower (more...)
Today's After-Hours Stock Movers
Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) 11.7% HIGHER; reported comparable restaurant sales for the 13-week second quarter 2020, which ended on June 28, 2020, and for the subsequent two-week period, which ended on July 12, 2020. The Company also provided a liquidity update and announced the completion of an amendment to its revolving credit facility.
PhaseBio Pharmaceuticals, Inc. (NASDAQ: PHAS) 10.6% HIGHER; announced that it has dosed the first patient in VANGARD, a potentially pivotal Phase 2 clinical trial to evaluate PB1046 as a treatment for hospitalized COVID-19 patients who are at high risk for rapid clinical deterioration and acute respiratory distress syndrome (ARDS). PB1046 is a novel, once-weekly, subcutaneously-injected VIP receptor agonist that targets VPAC receptors in the cardiovascular, pulmonary and immune systems. VIP is a neurohormone known to have anti-inflammatory, antifibrotic and potent bronchodilatory and immunomodulatory effects in the respiratory system. Specifically, VIP has been shown to regulate proinflammatory cytokines including TNF-, IFN-, IL-12, IL-17A and IL-6. In animal models, treatment with VIP peptide prevented acute lung injury and inhibited cytokine-mediated inflammatory responses that are characteristic of ARDS.
JB Hunt Transport Services (NASDAQ: JBHT) 9.9% LOWER; reported Q2 EPS of $1.14, $0.31 better than the analyst estimate of $0.83. Revenue for the quarter came in at $2.15 billion versus the consensus estimate of $2.01 billion.
Netflix (NASDAQ: NFLX) 9.5% LOWER; reported Q2 EPS of $1.56, $0.25 worse than the analyst estimate of $1.81. Revenue for the quarter came in at $6.15 billion versus the consensus estimate of $6.08 billion. Global Streaming Subscriber Additions was 10.09 million versus the company’s guidance of 7.5 million. The company sees Global Streaming Subscriber Additions of 2.5 million in Q3, which is below the consensus of ~5 million. The company sees Q3 EPS of $2.09 and revenue of $6.33 billion, versus the consensus of $2.00 and $6.39 billion. Further, Ted Sarandos has been appointed co-CEO and elected to the Board of Directors.
PPG Industries (NYSE: PPG) 4.1% HIGHER; reported Q2 EPS of $0.42, may not compare the analyst estimate of $0.71. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.78 billion.
Puma Biotechnology, Inc. (NASDAQ: PBYI) 3.9% HIGHER; announced that its licensing partner Specialised Therapeutics Asia (STA) received marketing approval of NERLYNX® (neratinib) in Malaysia from the Drug Control Agency (DCA), under Malaysia’s Ministry of Health (MOH). NERLYNX is indicated for the extended adjuvant treatment of adult patients with early stage hormone receptor positive HER2-overexpressed/amplified breast cancer and who are less than one year from completion of prior adjuvant trastuzumab-based therapy.
Roku, Inc. (NASDAQ: ROKU) 2.8% LOWER; falls on Netflix's results
Marten Transport (NASDAQ: MRTN) 2.7% HIGHER; reported Q2 EPS of $0.33, $0.10 better than the analyst estimate of $0.23. Revenue for the quarter came in at $212.4 million versus the consensus estimate of $205.37 million.
Tesla, Inc. (NASDAQ: TSLA) 1.4% LOWER; pt to $1,400 at Credit Suisse
