U.S. stocks closed mostly lower on Wednesday. However, the Nasdaq rose 0.15 percent, closing at a new record high, helped by the splash of the Apple Inc. AAPL event.
After the bell rang, nano-cap Repros Therapeutics Inc RPRX announced positive results from its Phase 2 study evaluating Proellex (telapristone acetate) for severe endometriosis-related pain in premenopausal women. Shares spiked up more than 43 percent.
Hewlett Packard Enterprise Co HPE traded down almost 2 percent following the announcement of the company’s Q3 results. While EPS of $0.49 beat the Street’s consensus by $0.04, revenue of $12.2 billion missed estimates by $440 million. The company announced it was spinning off and merging its software division with Britain’s Micro Focus International PLC, in a deal valued at roughly $8.8 billion.
Gevo, Inc. GEVO plummeted almost 23 percent after announcing a proposed public offering of common stock and warrants. Management didn't disclose the size of the offering.
Other stocks moving on their earnings reports:
- Tailored Brands Inc TLRD, down 2.3 percent ahead of its Q2 call.
- Guidewire Software Inc GWRE, down 5.3 percent on the back of disappointing guidance, and in spite of a top and bottom line beat.
- Verint Systems Inc. VRNT, up 1 percent on an earnings beat.
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