Crates of Eggs from Cal-Maine Foods, Inc. are waiting to be distributed to hundreds of families by Mississippi Department of Agriculture and Commerce employees, along with more than 1,400 cartons of meat products from Merchants Foodservice and 2,200 gallons of milk from Borden Dairy, at the Mississippi State Fairgrounds in Jackson, Miss., August 7, 2020.
Rogelio V. Solis | AP
Check out the companies making headlines on Tuesday after the bell:
Cal-Maine Foods – Cal-Maine Foods reported surprising earnings for the fiscal second quarter, increasing its share after business hours by more than 2%. The company posted earnings per share of 25 cents on revenue of $ 347.3 million. Analysts polled by FactSet expected a loss of 8 cents before sharing on revenue of $ 333.5 million. The company’s egg carton sales grew 4.6% year on year.
Myriad Genetics – Stocks of the biotechnology company were up nearly 2% on news. Myriad will explore “strategic alternatives” to its autoimmune activities. The company is also restructuring its international operations.
Smart Global Holdings – Smart Global posted better-than-expected earnings per share for the first quarter, pushing the manufacturer’s inventory of computer memory up 2.4%. Smart Global reported adjusted earnings per share of 78 cents, above a FactSet estimate of 70 cents per share. The company also gave better-than-expected revenue advice for the current quarter.
Nektar Therapeutics – Nektar’s stock fell about 1% after the company announced that Dr. Brian Kotzin will take over as interim Chief Medical Officer with immediate effect, replacing current CMO Wei Lin.