FDA Clearance Sparks Femasys Surge; THOR Industries Tops Estimates
- September 25th, 2023
- 506 views
Shares of Femasys Inc. (Nasdaq: FEMY) surged by over 100% in after-hours trading following the company's announcement of receiving 510(k) Clearance from the United States Food and Drug Administration (FDA) for its groundbreaking infertility treatment, FemaSeed. This innovative solution is designed to deliver sperm directly to the fallopian tube, targeting the site of conception in women.
$FEMY was trading at $0.97 in the extended session, up $0.63 (+192.52%)
In other news, THOR Industries, Inc. (NYSE: THO), a leading recreational vehicle manufacturer, reported fourth-quarter fiscal 2023 earnings of $1.68 per share, surpassing the consensus EPS estimate of $0.96. The company's quarterly sales reached $2.74 billion, beating analysts' revenue projection of $2.42 billion.
Additionally, THOR Industries has provided guidance for full-year fiscal 2024, with expected diluted EPS in the range of $6.25 to $7.25, compared to the consensus EPS estimate of $7.12 for the period.
$THO was trading at $93.66 in after-hours, down $1.16 (-1.22%)
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