Cases of eggs from Cal-Maine Foods, Inc., awaiting distribution by the Mississippi Department of Agriculture and Commerce to several hundred families, along with more than 1,400 boxes of Merchants Foodservice meat products and 2,200 gallons of Borden milk Dairy, at the Mississippi State Fairgrounds in Jackson, Miss., August 7, 2020.
Rogelio V. Solis | AP
Take a look at the companies that make headlines on Tuesday after the clock:
Cal-Maine Foods – Cal-Maine Foods made a surprising profit for its fiscal second quarter, increasing its share by more than 2% after-hours trading. The company earned $ 257.3 million in revenue of 25 cents a share. Analysts surveyed by FactSet expected a loss of 8 cents per share on revenue of $ 333.5 million. The company’s egg dose sales grew by 4.6% year-on-year.
Myriad Genetics – Shares of biotechnology company up nearly 2% on news Myriad will explore ‘strategic alternatives’ to its autoimmune industry. The company is also restructuring its international operations.
Smart Global Holdings – Smart Global achieved better-than-expected fiscal earnings per share in the first quarter, increasing its share of the computer memory by 2.4%. Smart Global reported adjusted earnings per share of 78 cents, and topped a FactSet estimate of 70 cents per share. The company also issued better than expected revenue list for the current quarter.
Nektar Therapeutics – Nektar shares fell about 1% after the company announced that dr. Brian Kotzin will take over as interim medical chief, taking effect immediately and replacing the current CMO Wei Lin.