W W Grainger Inc (NYSE:GWW) (The Motley Fool)
What happened: Shares of industrial supplier WW Grainger Inc (NYSE:GWW) jumped as much as 17.4% in trading Wednesday after the company reported fourth-quarter results that topped expectations. As of 11:30 a.m. EST, shares were still 14% higher on the day. So what: Revenue was up 6.5% to $2.63 billion on an 11% increase in volume sold, and net income nearly tripled to $151.1 million, or $2.63 per share.
Cerus Corporation (NASDAQ:CERS) (Benzinga)
Cerus Corporation (NASDAQ:CERS) gained 18.7 percent to $5.14 after the biomedical products company issued an encouraging update to its phase 3 trial called INTERCEPT. Cerus said primary efficacy and safety endpoints were successfully achieved in a chronically transfused patient population and supports the company’s mark submission which is planned for the second half of 2018.
Abbott Laboratories (NYSE:ABT) (CNBC)
Abbott Laboratories’ fourth-quarter results and 2018 adjusted earnings forecast beat Wall Street estimates as the healthcare company gains from its recent purchase of rivals such as St.Jude Medical and Alere. The company’s shares rose 2.6 percent to $60.75 before the bell on Wednesday. Sales from Abbott’s medical device business — its largest division — grew 9.6 percent on an operational basis to $2.74 billion in the quarter ending Dec. 31.
Texas Instruments Incorporated (NASDAQ:TXN) (Barron’s)
Shares of analog chip giant Texas Instruments (TXN) are down $6.14, or 5%, at $113.75, continuing last night’s after-hours decline, after the company forecast results this quarter just a little bit above consensus, which has prompted a debate over whether the business is slowing down. In addition, the company’s inventory rose during the quarter, which many are pointing to today as a concern.