Tag Archives: car

After-Hours Action: Fitbit, Qualys, Avis Budget, AIG

Fitbit (FIT), Qualys (QLYS), Avis Budget (CAR) and AIG (AIG) are all falling in extended trading Monday in reaction to their quarterly earnings reports issued after the close: Fitbit earned 24 cents a share excluding items in Q3, crushing views by 14 cents. Revenue surged 168% to $409 million ahead of expectations for $352 million. But the fitness tracker maker announced a secondary offering of 7 million shares, which spooked investors. Fitbit

Juno-Celgene Deal Has Street Cautiously Optimistic

Shares of biotech startup Juno Therapeutics rose as much as 29% Tuesday, and closed up 15%, as analysts weighed in on its $1 billion deal with Celgene announced late Monday. Celgene (CELG) agreed to pay $150 million upfront and buy 9.1 million Juno Therapeutics (JUNO) shares at 93 each — more than double Monday’s closing price — for $850 million. In exchange, Celgene gets the option to license Juno’s two leading chimeric antigen receptor (CAR) T cell