OSI Systems – The share of the x-ray machine developer slipped more than 3% after the company released a disappointing revenue forecast for fiscal 2021. OSI Systems expects revenue to vary between 1 , 09 billion dollars and 1.14 billion dollars. That’s below a FactSet median estimate of $ 1.19 billion.
Sorrento Therapeutics – Sorrento shares soared 2.6% after the biopharmaceutical company agreed to buy SmartPharm Therapeutics for up to $ 19.4 million in common stock. The deal is expected to close next month. “The merger with Sorrento presents a tremendous opportunity to advance our next generation non-viral gene therapy technology,” Jose Trevejo, CEO of SmartPharm said in a statement.
Keysight Technologies – Keysight Technologies shares jumped more than 6% after hours after the company posted better-than-expected results for its fiscal third quarter. Keysight reported earnings of $ 1.19 per share on revenue of $ 1.01 billion. Analysts had expected earnings of 83 cents a share on revenue of $ 915.4 million, according to FactSet.