Sep 17, 2020
Stocks making the biggest moves after hours: Herman Miller, iRobot & more
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Brian Walker, CEO, Herman MillerScott Mlyn | CNBC
Check out the companies making headlines after hours Wednesday:
Herman Miller — Shares of the office furniture builder jumped more than 14% on the back of better-than-expected results for the previous quarter. Herman Miller reported adjusted earnings per share of $1.24. Analysts polled by FactSet expected a profit of just 26 cents per share. Revenue was also stronger than expected at $626.8 million. The company also reestablished its quarterly dividend.
iRobot — The Roomba-maker's stock climbed more than 3% after the company disclosed the resignation of Chief R&D Officer Tim Saeger. In an 8-K filing, iRobot said Sager will remain employed by the company until his successor is hired.
Moderna — Moderna gained nearly 3% after the company announced a collaboration with Vertex Pharmaceuticals to treat cystic fibrosis using gene editing. Vertex Pharmaceuticals rose slightly in after-hours trading.
First Solar — Shares of the solar panel maker slipped 2.7% after the company announced a secondary stock offering of 8.6 million shares. Those shares will be sold by billionaire Lukas Walton. First Solar will not receive any of the proceeds from the sale. Instead, "Walton intends to use the proceeds from the sale of shares in the offering to provide funds for new impact investments across a variety of environmental and social causes," First Solar said.Related Tags
- First Solar Inc
- Moderna Inc
- iRobot Corp
- Herman Miller Inc
- Market Insider
News Source: CNBC
Senate Panel Votes to Subpoena Facebook, Google, Twitter CEOs
Latinas in this state faced a huge wage gap. Then came coronavirus. Spice Up Pumpkin Spice Season With These 7 Custom Starbucks Drink Orders Senate Panel Votes to Subpoena Facebook, Google, Twitter CEOs
(Bloomberg) -- A Senate panel voted Thursday to subpoena the chief executive officers of Facebook Inc., Alphabet Inc.’s Google, and Twitter Inc. to testify on a legal shield that is key to their online platforms’ business models.© Bloomberg Mark Zuckerberg during a House Financial Services Committee hearing in Washington on Oct. 23, 2019.
The Senate Commerce Committee moved to compel appearances by Mark Zuckerberg, Sundar Pichai and Jack Dorsey after failing to reach agreements with the companies to send the CEOs voluntarily.
The vote is part of increasing bipartisan concern in Washington about the power of the technology giants, in particular ahead of the November presidential election. The committee is also planning to ask the CEOs about a federal privacy law and media consolidation.
The panel’s GOP chairman, Senator Roger Wicker, wants the executives to address possible changes to a law known as Section 230 of the Communications Decency Act. The provision, which protects the companies from lawsuits over user content, is increasingly under fire from lawmakers on both sides of the aisle.
“On the eve of a momentous and highly charged election it is imperative that this committee of jurisdiction and the American people receive a full accounting from the heads of these companies on their content moderation practices,” Wicker said before the vote.
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