After-Hours Stock Movers:
Cardiff Oncology, Inc. (Nasdaq: CRDF) 20.6% HIGHER; announced new data from its lead clinical program evaluating onvansertib in combination with standard-of-care (SOC) FOLFIRI/bevacizumab for second-line treatment of patients with KRAS-mutated metastatic colorectal cancer (mCRC).
ProQR Therapeutics N.V. (Nasdaq: PRQR) 21.4% HIGHER; today announced a global licensing and research collaboration with Eli Lilly and Company (Lilly) focused on the discovery, development, and commercialization of potential new medicines for genetic disorders in the liver and nervous system. The companies will use ProQRs proprietary Axiomer® RNA editing platform to progress new drug targets toward clinical development and commercialization.
Torrid Holdings Inc. (NYSE: CURV) 15.9% HIGHER; reported Q2 EPS of $0.35, $0.26 better than the analyst estimate of $0.09. Revenue for the quarter came in at $332.9 million versus the consensus estimate of $277.83 million. Torrid Holdings Inc. sees FY2021 revenue of $1.29-1.31 billion, versus the consensus of $1.26 billion.
lululemon athletica (NASDAQ: LULU) 13.6% HIGHER; reported Q2 EPS of $1.65, $0.47 better than the analyst estimate of $1.18. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.33 billion. lululemon athletica sees Q3 2021 EPS of $1.33-$1.38, versus the consensus of $1.32. lululemon athletica sees Q3 2021 revenue of $1.4-1.43 billion, versus the consensus of $1.32 billion. lululemon athletica sees FY2021 EPS of $7.38-$7.48, versus the consensus of $6.91. lululemon athletica sees FY2021 revenue of $6.19-6.26 billion, versus the consensus of $5.94 billion.
The Boston Beer Company, Inc.'s (NYSE: SAM) 9.7% LOWER; is withdrawing its 2021 financial guidance issued on July 22, 2021.
ABM Industries (NYSE: ABM) 4.8% LOWER; reported Q3 EPS of $0.90, $0.09 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.5 billion. ABM Industries sees FY2021 EPS of $3.45-$3.55, versus prior of $3.30-$3.50 and the consensus of $3.40.
GameStop (NYSE: GME) 8.7% LOWER; reported Q2 adjusted EPS of ($0.76), $0.10 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.12 billion.
BeyondSpring Inc. (NASDAQ: BYSI) 7.8% HIGHER; Baird initiates coverage with an Outperform rating and a price target of $50.00.
AeroVironment (NASDAQ: AVAV) 5.1% LOWER; reported Q1 EPS of ($0.17), $0.07 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $101 million versus the consensus estimate of $96.46 million. AeroVironment sees FY2022 EPS of $2.50-$2.70, versus the consensus of $1.64. AeroVironment sees FY2022 revenue of $560-580 million, versus the consensus of $569 million.
The Beauty Health Company (NASDAQ: SKIN) 4.2% LOWER; announced its intention to offer, subject to market and other conditions, $400,000,000 aggregate principal amount of convertible senior notes due 2026 (the notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). BeautyHealth also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $60,000,000 principal amount of notes.
Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) 2.6% LOWER; announced today its intention to offer 12,000,000 of its common shares
Warner Music Group (NASDAQ: WMG) 1.8% LOWER; Block of 3.15M Shares is Said Offered Via Morgan Stanley - Bloomberg
T-Mobile (NASDAQ: TMUS) 2.6% LOWER; Block of 12.5M Shares Said Offered Via JPMorgan - Bloomberg
RH (NYSE: RH) 2.4% HIGHER; reported Q2 EPS of $8.48, $2.04 better than the analyst estimate of $6.44. Revenue for the quarter came in at $989 million versus the consensus estimate of $974.12 million. Based on the continued strength of our business and the power of our operating model we are once again raising our outlook for fiscal 2021. We now expect revenue growth of 31% to 33% versus our prior outlook of 25% to 30% and adjusted operating margin in the range of 24.9% to 25.5%, versus our prior outlook of 23.5% to 24.3%. We are also raising our ROIC outlook for the year to 70% versus our prior outlook of 60%.
BigCommerce Holdings, Inc. (Nasdaq: BIGC) 2.1% LOWER; announced its intention to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2026 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).
Sea Limited (NYSE: SE) 3.1% LOWER; announced today a proposed registered underwritten public offering (the ADS Offering) of American Depositary Shares (ADSs), each representing one Class A ordinary share, par value $0.0005 per share, of the Company, and a proposed registered underwritten public offering (the Notes Offering and, together with the ADS Offering, the Offerings) by the Company of its convertible senior notes due 2026 (the Notes).