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After Hours Trading Down 2018-03-19
GPI Group 1 Automotive (GPI) declined 9.6%; today announced that first quarter earnings will be negatively affected by weak market conditions, including pressure on used car margins, as well as costs associated with a series of long-term, strategic investments designed to further strengthen the used vehicle, parts, and service components of its business
PTI Proteostasis Therapeutics (PTI) declined 7%; announced today that it intends to offer and sell, subject to market and other conditions, 9,000,000 shares of its common stock in an underwritten public offering.
GLYC GlycoMimetics (GLYC) declined 4.3%; today announced that it intends to offer and sell, subject to market conditions, 4,500,000 shares of its common stock in an underwritten public offering.
ORCL Oracle (ORCL) declined 3%; reported Q3 EPS of $0.83, $0.11 better than the analyst estimate of $0.72. Revenue for the quarter came in at $9.8 billion versus the consensus estimate of $9.78 billion.
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