Stocks to Watch: Allbirds, SIGA Technologies, MaxCyte, Latham Group

Dow Jones03-13

By Sabela Ojea

Allbirds on Tuesday posted a wider-than-expected loss in the fourth quarter and guided for another drop in revenue in both the first quarter and 2024. Shares of the sustainable shoe and apparel maker dropped 17% to 77 cents in after-hours trading.

SIGA Technologies swung to a profit in the fourth quarter on a surge in revenue and declared a special cash dividend. Shares of the pharmaceutical company rose 8.8% to $5.79 in after-hours trading.

MaxCyte's fourth-quarter results topped analysts' expectations and it backed its previous guidance for this year. Shares of the cell-engineering company climbed 13% to $4.50 in after-hours trading.

Latham Group said it forecasts another year of industry weakness and falling sales. Shares of the pool maker declined 13% to $2.85 in after-hours trading.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

March 12, 2024 18:54 ET (22:54 GMT)

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