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Company News for May 6, 2020

Zacks Equity Research
·1-min read

  • Shares of Lumentum Holdings Inc. LITE rose 4.7% after the company reported third-quarter 2020 earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.06.

  • Share of Illinois Tool Works Inc. ITW rose 0.9% after the company reported first quarter earnings of $1.77 per share, surpassing the Zacks Consensus Estimate of $1.71.

  • Shares of Incyte Corporation INCY plunged 2.2% after the company reported first quarter adjusted loss of $2.86 per share in contrast to the Zacks Consensus Estimate of earnings of 8 cents.

  • Shares of Portola Pharmaceuticals, Inc. PTLA jumped more than 100% afterthe company announced it will be acquired by Alexion Pharmaceuticalsfor $18 per share in cash.


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Incyte Corporation (INCY) : Free Stock Analysis Report
 
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
 
Portola Pharmaceuticals, Inc. (PTLA) : Free Stock Analysis Report
 
Lumentum Holdings Inc. (LITE) : Free Stock Analysis Report
 
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Zacks Investment Research