Shares of Apple Inc. (AAPL) are lower by 0.81% to $95.57 in morning trading on Thursday. The tech giant was ordered by a federal jury to pay $625 million in a patent-infringement suit filed by VirnetX Holding Corp (VHC) regarding communications features on iPhones, iPads and other devices. The award was more than the $532 million VirnetX had sought before the trial began on 25 January in Tyler, Texas. The jury said Apple willfully infringed VirnetX’s internet security technology in its FaceTime and iMessage services. VirnetX shares spiked on the news, with the name currently printing the tape up more than 85% to $8.88 a share.
GoPro, Inc. (GPRO) shares plunged 13.54% to $9.26 in early trading after the digital-camera maker missed Wall Street’s Q415 expectations. GoPro reported an adjusted EPS loss of $0.08 and sales of $436.6 million for the crucial holiday quarter. Revenues plunged more than 31% yoy to $436.6 million vs the $448.56 million consensus.Separately, GPRO was downgraded this morning at Sterne Agee CRT and Dougherty.
Reuters reports that Goldman Sachs (GS) will launch a new credit finance group that combines its structured and leveraged finance divisions. The moves come as the investment firm is trying to build up its debt underwriting capabilities.
OraSure Technologies, Inc. (OSUR) reported fourth quarter EPS of $0.08 after the closing bell Wednesday, compared to the consensus estimate of $0.03. Revenues increased 12.9% from last year to $32.38 million. Analysts expected revenues of $29.76 million. The diagnostic test maker guided Q116 revenues of $28.5-$29.0 million, as compared to analysts’ expectations of $28.97 million. The management also gave its bottom line range of $0.01-$0.02 per share, against projections of $0.01 per share.
The stock is currently up $1.24, or 22.34%, to $6.74 on 342K shares.