Cloudera Inc (NYSE:CLDR) (The Motley Fool)
What happened: Shares of Cloudera (NYSE:CLDR) crashed on Wednesday following the cloud software company’s fourth-quarter report. While Cloudera beat analyst estimates for both revenue and earnings, subpar guidance sent the stock down 39% by 12:30 p.m. EDT. So what: Cloudera posted fourth-quarter revenue of $103.5 million, up 42% year over year and about $4.9 million higher than the average analyst estimate.
Proteostasis Therapeutics Inc (NASDAQ:PTI) (MarketWatch)
Proteostasis Therapeutics Inc. PTI, +6.97% shares rose 12.4% in premarket trade Wednesday after the company’s combination treatment for cystic fibrosis received a “fast track” designation from the Food and Drug Administration. Fast track designation is geared at accelerating the development and review of therapies for serious diseases.
Tenax Therapeutics Inc (NASDAQ:TENX) (Benzinga)
Tenax Therapeutics, Inc. shares jumped 64.3 percent to $8.74 after the company reported results of pre-IND meeting with the FDA for Phase 2 study of levosimendan in PH-HFpEF patients.
Lennar Corporation (NYSE:LEN) (CNBC)
Lennar – The home builder reported adjusted quarterly profit of $1.11 per share, well above the consensus estimates of 77 cents a share. Revenue also beat forecasts, with new orders up 30 percent by volume and 38 percent by dollar amount.