After-Hours Stock Movers:
Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) 9.8% LOWER; announced that the strategic collaboration pursuant to which it was jointly developing AT-527 for the treatment of COVID-19 with Roche will be terminating. Upon termination, the rights and licenses granted by Atea to Roche under the strategic collaboration will be returned to Atea, and Atea will have full rights to continue the clinical development and future commercialization of AT-527 worldwide.
Chembio Diagnostics, Inc. (Nasdaq: CEMI) 8.7% HIGHER; announced the submission of an Emergency Use Authorization (EUA) application to the U.S. Food and Drug Administration (FDA) for the new DPP SARS-CoV-2 Antigen test.
StoneCo (NASDAQ: STNE) 8.4% LOWER; reported Q3 EPS of R$0.46, versus R$0.99 reported last year. Revenue for the quarter came in at R$1.47 billion, versus R$934.3 million reported last year.
Dolby Laboratories (NYSE: DLB) 7% LOWER; reported Q4 EPS of $0.58, $0.02 better than the analyst estimate of $0.56. Revenue for the quarter came in at $285 million versus the consensus estimate of $299.95 million. Dolby Laboratories sees Q1 2022 EPS of $0.98-$1.13, versus the consensus of $1.31. Dolby Laboratories sees Q1 2022 revenue of $345-375 million, versus the consensus of $389 million. Dolby Laboratories sees FY2022 EPS of $3.52-$4.02, versus the consensus of $3.94. Dolby Laboratories sees FY2022 revenue of $1.34-1.4 million, versus the consensus of $1.37 million.
La-Z-Boy (NYSE: LZB) 7% HIGHER; reported Q2 EPS of $0.85, $0.12 better than the analyst estimate of $0.73. Revenue for the quarter came in at $576 million versus the consensus estimate of $540.04 million.
Varex Imaging Corporation (NASDAQ: VREX) 6.2% HIGHER; reported Q4 EPS of $0.45, $0.08 better than the analyst estimate of $0.37. Revenue for the quarter came in at $226 million versus the consensus estimate of $215.5 million. Varex Imaging Corporation sees Q1 2022 EPS of $0.20-$0.40, versus the consensus of $0.22. Varex Imaging Corporation sees Q1 2022 revenue of $200-220 million, versus the consensus of $192.2 million.
ViewRay, Inc. (Nasdaq: VRAY) 4.7% LOWER; announced that it has commenced an underwritten public offering of shares of its common stock. In addition, ViewRay expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock at the public offering price, less the underwriting discounts and commission.
EyePoint (NASDAQ: EYPT) 4.3% LOWER; announced that it has commenced an underwritten public offering of $100.0 million of shares of its common stock. In addition, EyePoint intends to grant the underwriters an option for a period of 30 days to purchase up to an additional $15.0 million of shares of its common stock.
Nikola (NASDAQ: NKLA) 1.6% LOWER; Files to Offer 29M Shares for Tumim Stone Capital