Company News for May 6, 2020

Zacks Equity Research Published on May 06, 2020

Shares of Lumentum Holdings Inc. (LITE - Free Report) rose 4.7% after the company reported third-quarter 2020 earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.06.
Share of Illinois Tool Works Inc. (ITW - Free Report) rose 0.9% after the company reported first quarter earnings of $1.77 per share, surpassing the Zacks Consensus Estimate of $1.71.
Shares of Incyte Corporation (INCY - Free Report) plunged 2.2% after the company reported first quarter adjusted loss of $2.86 per share in contrast to the Zacks Consensus Estimate of earnings of 8 cents.
Shares of Portola Pharmaceuticals, Inc. jumped more than 100% afterthe company announced it will be acquired by Alexion Pharmaceuticalsfor $18 per share in cash.

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