After-Hours Stock Movers 01/10: (ACCD) (NARI) (ANF) Higher; (PACB) (BIG) (RIVN) Lower (more...)
After-Hours Movers:
Accolade (NASDAQ: ACCD) 11.6% HIGHER; reported Q3 EPS of $0.31, versus ($0.32) reported last year. Revenue for the quarter came in at $83.5 million, versus $38.44 million reported last year. Accolade sees Q4 2022 revenue of $90-93 million.
Inari Medical, Inc. (NASDAQ: NARI) 10.3% HIGHER; Preliminary unaudited revenue is expected to be between $82.8 and $83.3 million for the fourth quarter of 2021, up 14% sequentially and 71% year-over-year (at the midpoint of the range).
Pacific Bio (NASDAQ: PACB) 9.7% LOWER; fell after Illumina, Inc. (NASDAQ: ILMN) said it will develop its own technology for sequencing long stretches of DNA.
Abercrombie & Fitch Co. (NYSE: ANF) 6.8% HIGHER; For Fiscal 2021 the company expects: Net sales up in the range of 19% to 20% compared to 2020 net sales of $3.125 billion and up 2% to 3% compared to 2019 net sales of $3.623 billion.
Big Lots, Inc. (NYSE: BIG) 5.8% LOWER; Adverse weather conditions and the rapid spread of the Omicron strain of Covid-19 and its impact on consumer behavior resulted in softening of traffic and sales trends since early January. Based on a continuation of current trends, the company would expect to achieve a flat to low-single-digit percentage two-year comparable sales growth, resulting in diluted quarterly EPS of $1.80-1.95, which is below the consensus of $2.17.
Rivian Automotive's (NASDAQ: RIVN) 5% LOWER; COO left the company last month as it was ramping up production, according to Dow Jones. It ultimately produced more than 1,000 vehicles by the end of 2021, the report said, citing a spokeswoman. Rod Copes retired from Rivian in December.
Intel (NASDAQ: INTC) 2.5% HIGHER; Micron (NYSE: MU) CFO David Zinsner resigned to join Intel as its Executive Vice President and CFO, effective Jan 17.
Micron (NYSE: MU) 1.1% LOWER; CFO David Zinsner resigned to join Intel as its Executive Vice President and CFO, effective Jan 17.
