Ross stores, Keysight Technologies and more


Check out the companies making the headlines after Thursday hours:Ross Stores – Shares of the discount retailer rose about 0.5% in after-hours trading thanks to a surprise profit and better-than-expected earnings. Ross posted earnings of 6 cents per share, which includes a benefit of 19 cents per share, and first quarter revenue of $ 2.68 billion. Analysts polled by FactSet were forecasting a loss of 28 cents a share on revenue of $ 2.51 billion. However, CEO Barbara Rentler said, “There remains significant uncertainty about how the pandemic will continue to evolve and affect consumer demand and the economy, and the potential exists for additional government-mandated closures. ”

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.


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