Sanjay Mehrota, CEO, Micron
Scott Mlyn | CNBC
Take a look at the businesses making headlines after-hours Tuesday:
Regeneron Pharmaceuticals — The pharmaceutical firm stated trial information for its coronavirus antibody cocktail confirmed it lowered “viral levels and improved symptoms in non-hospitalized COVID-19 patients.” Regeneron shares have been halted in after-hours buying and selling.
Micron Technology — Micron shares rose greater than 1% in after-hours buying and selling after the chip maker reported quarterly outcomes that beat analyst expectations. The corporate posted a revenue of $1.08 per share on income of $6.06 billion. Analysts anticipated earnings per share of $5.89 billion. Micron additionally issued stronger-than-forecast earnings steerage for the present fiscal quarter.
Sherwin-Williams — Shares of Sherwin-Williams gained 1% after the bell on the again of stronger-than-expected gross sales steerage for the third quarter. The corporate stated it expects gross sales to develop between 3% and 5% for the quarter. Analysts polled by FactSet had forecast gross sales development of 1.6%. “Demand for architectural coatings has been stronger than anticipated within the third quarter, led by our DIY, residential repaint and new residential segments,” CEO John Morikis stated in a press release.
Owens & Minor — Shares of Owens & Minor dropped greater than 4% after the health-care logistics firm introduced a standard inventory providing value $150 million.