Israeli Court's Determination Boosts Nano Dimension; Steelcase Outperforms Estimates
- September 19th, 2023
- 731 views
Shares of Nano Dimension Ltd. (Nasdaq: NNDM) surged over 5% in after-hours trading following the company's announcement of receiving Israeli court approval to extend its share repurchase plan. The plan, originally approved by the Israeli court in August 2022, has now been extended until October 12, 2023.
$NNDM was trading at $2.68 in the extended session, up $0.15 (+5.93%)
In other news, Steelcase Inc. (NYSE: SCS), the renowned office furniture manufacturer, exceeded expectations in its second-quarter fiscal 2024 financial results. The company reported earnings of $0.31 per share, surpassing the consensus EPS estimate of $0.20. Additionally, its quarterly sales stood at $854.60 million, outperforming analysts' projected revenue of $828.82 million in revenue.
Looking ahead, Steelcase anticipates reporting third-quarter fiscal 2024 adjusted earnings per share ranging from $0.23 to $0.27, better than the consensus EPS estimate of $0.19 for the period.
In after-hours, $SCS was trading at $9.19, showing an increase of $0.38 (+4.31%).
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