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After-Hours Movers 11/12: (FTCH) (CSCO) (ADSK) Higher; (SAVE) (BLNK) (U) Lower (more...)

November 12, 2020 6:01 PM

Today's After-Hours Movers:

Cassava Sciences, Inc. (Nasdaq: SAVA) 19% LOWER; announced that it is commencing an underwritten public offering of shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering. The Company expects to grant the underwriters a 30‐day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering.

Farfetch Limited (NYSE: FTCH) 14% HIGHER; reported Q3 EPS of ($0.17), $0.23 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $438 million versus the consensus estimate of $367.12 million.

Blink Charging Co. (Nasdaq: BLNK) 7.5% LOWER; Total revenue for the first nine months of 2020 grew 84% to $3.8 million, during Covid-19 economy; exceeds full year 2019 total revenue of $2.8 million

Cisco Systems (NASDAQ: CSCO) 6.5% HIGHER; reported Q1 EPS of $0.76, $0.06 better than the analyst estimate of $0.70. Revenue for the quarter came in at $11.9 billion versus the consensus estimate of $11.85 billion. Cisco Systems sees Q2 2021 EPS of $0.74-$0.76, versus the consensus of $0.73. Revenue: 0% to (2)% decline year over year.

Dillard's (NYSE: DDS) 5.9% HIGHER; reported Q3 EPS of $1.43, $2.29 better than the analyst estimate of ($0.86). Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.19 billion.

Autodesk (NASDAQ: ADSK) 5% HIGHER; Expects Q3 Results Above Guidance Range.

Unity Software Inc. (NYSE: U) 4.7% LOWER; reported Q3 EPS of ($0.09), $0.06 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $200.8 million versus the consensus estimate of $186.87 million. Unity Software Inc. sees Q4 2020 revenue of $200-204 million, versus the consensus of $186.87 million. Unity Software Inc. sees FY2020 revenue of $752-756 million, versus the consensus of $738.34 million.

Disney (NYSE: DIS) 3.3% HIGHER; reported Q4 EPS of ($0.20), $0.51 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $14.71 billion versus the consensus estimate of $14.2 billion. The Walt Disney Company (NYSE: DIS) Board of Directors today announced that it will not declare a semi-annual cash dividend for the second half of fiscal 2020, in light of the ongoing impact of COVID-19 and the Company’s decision to prioritize investment in its direct-to-consumer initiatives.

Palantir (NYSE: PLTR) 1.3% HIGHER; reported Q3 EPS of ($0.94), which does not compare to the analyst estimate of $0.02. Revenue for the quarter rose 52% to $289.4 million versus the consensus estimate of $279.36 million. Palantir sees FY2020 revenue of $1.07-1.072 million, versus the consensus of $1.06 million. Palantir sees Q4 2020 revenue of $299-301 million, versus the consensus of $296.03 million.

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