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After-Hours Stock Movers:
Guardant Health (NASDAQ:GH) 41% LOWER; announced results from ECLIPSE (Evaluation of ctDNA LUNAR Assay In an Average Patient Screening Episode), an over 20,000 patient registrational study evaluating the performance of its blood test for detecting colorectal cancer (CRC) in average-risk adults. The test demonstrated 83% sensitivity in detecting individuals with CRC. Specificity was 90% in both individuals without advanced neoplasia and in those who had a negative colonoscopy result. This test also demonstrated 13% sensitivity in detecting advanced adenomas.
Agrify Corp (NASDAQ:AGFY) 27% LOWER; announced the launch of an underwritten public offering of shares of its common stock or, in lieu of common stock to certain investors that so choose, pre-funded warrants to purchase shares of its common stock, and accompanying warrants to purchase its common stock.
Exact Sciences Corporation (NASDAQ:EXAS) 26% HIGHER; jumps following the ECLIPSE results from rival GH.
Adobe Systems (NASDAQ:ADBE) 6% HIGHER; reported Q4 EPS of $3.60, $0.10 better than the analyst estimate of $3.50. Revenue for the quarter came in at $4.53 billion versus the consensus estimate of $4.53B. Adobe Systems sees FY2023 EPS of $15.15-$15.45, versus the consensus of $15.25. Adobe Systems sees FY2023 revenue of $19.1-19.3B, versus the consensus of $19.37B. Adobe Systems sees Q1 2023 EPS of $3.65-$3.70, versus the consensus of $3.64. Adobe Systems sees Q1 2023 revenue of $4.6-4.64B, versus the consensus of $4.64B.
United States Steel Corporation (NYSE:X) 3% HIGHER; provided fourth quarter 2022 guidance. Fourth quarter 2022 adjusted EBITDA is expected to be approximately $375 million. Fourth quarter 2022 adjusted net earnings per diluted share is expected to be in the range of $0.58 to $0.63.
