Stocks making the biggest moves after hours: Zoom Video, Hewlett Packard Enterprise, Ambarella & more

UTA Signs ‘Legend Of The Underground’ Filmmaker Nneka Onuorah

EXCLUSIVE: UTA has signed Nigerian-America filmmaker, producer and activist Nneka Onuorah in all areas. Onuorah’s projects focus on championing social justice across several mediums, including documentary features, series, live events, commercials, campaigns, and scripted features and series.

Most recently, it was announced that her project with HBO, The Legend of the Underground, will debut Tuesday, June 29 on HBO and available to stream on HBO Max. The feature documentary, which premiered at Tribeca Film Festival, is a timely look at the struggle against rampant discrimination in Nigeria today, as seen through the lens of several bold and charismatic, non-conformist youth who fight to live life out loud. Directed by Nneka Onuorah and Giselle Bailey, the film is executive produced by Mike Jackson, John Legend, Ty Stiklorius and Austyn Biggers of Get Lifted Film Co.

Onuorah is best known for her debut feature, The Same Difference, a documentary about internalized homophobia within the U.S. Black lesbian community. The film was nominated for a GLAAD award in the “Best Documentary” category and led to collaborations with Viceland (My House), Netflix (First and Last), Higher Ground (The G Word) and Lionsgate (Black Equals Beauty).

She will continue to be managed by Jordan Cerf at Mosaic and represented by Victoria Cook, Marcie Cleary and Jennifer Batista at Frankfurt Kurnit.

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Burbank Schools Reopen For On-Location Filming

In another sign that California is slowly returning to normal, the Burbank Unified School District has reopened its campuses to film and television production. The schools had been closed to filming since March 2020 to slow the spread of Covid-19. As of May 28, all of the district’s properties are now open to filming except for the Horace Mann preschool.

The Los Angeles Unified School District reopened to filming last June, just a few days after production in Los Angeles County was allowed to resume. Four other school districts served by FilmLA – the city and county’s film permit office – remain closed to filming, however. They include the Glendale Unified School District, the Lawndale Unified School District, the La Cañada Unified School District and the Norwalk-La Mirada Unified School District.

The reopening of the Burbank campuses to filming is predicated on the film industry’s adherence to the L.A. County Department of Public Health’s safety protocols, which include social distancing, use of personal protective equipment, strict sanitation standards and regular testing requirements.

FilmLA is now accepting requests to film at the Burbank schools.

“The ability of filmmakers to access school facilities, not only for filming but also for parking purposes, has helped keep production footprints small and reduce parking congestion in neighborhoods at a time when many Angelenos are spending more time at home,” said Philip Sokoloski, FilmLA’s vice president of integrated communications.

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‘Sugar output climbs to 305.7 lakh tonnes’

Jan.-May exports at 45 lakh tonnes

Sugar production between October 1, 2020, and May 31 rose to 305.68 lakh tonnes — 35.63 lakh tonnes higher than that of the corresponding period in the 2019-20 sugar season.

Compared with 18 sugar mills that were crushing sugarcane on May 31 last year, only seven, located in Uttar Pradesh and Tamil Nadu, were into the process on May 31 this year, the Indian Sugar Mills’ Association said in a press release on Tuesday.

The association added that export contracts were entered for almost 58 lakh tonnes of sugar, as against the 60 lakh tonnes of maximum admissible export quantity (MAEQ) fixed by the government.

It is estimated that about 45 lakh tonnes of sugar had been exported between January and May this year. In addition to the above, 4.48 lakh tonnes were exported in October-December last year as against the MAEQ quota of the previous season.

Recently, the government had reduced assistance for sugar exports from ₹6,000 a tonne to ₹4,000 a tonne of sugar for exports against MAEQ for 2020-2021 sugar season. The reduced assistance will be applicable for export contracts signed on or after May 20, 2021.

EARNINGS SUMMARY: Details of CTI BioPharma Corp. Q1 Earnings Report

Below are the earnings highlights for CTI BioPharma Corp. (CTIC):

-Earnings: -$17.27 million in Q1 vs. -$12.19 million in the same period last year.
-EPS: -$0.23 in Q1 vs. -$0.20 in the same period last year.
-Analysts projected -$0.22 per share

Stocks making the biggest moves after hours: Zoom Video, Hewlett Packard Enterprise, Ambarella & more

Check out the companies making headlines after the bell on Tuesday

Zoom Video — Shares of the video-messaging platform gained 2.7% after the company beat top- and bottom-line estimates during the first quarter. Zoom earned $1.32 per share on an adjusted basis, on revenue of $956 million. Analysts surveyed by Refinitiv were expecting the company to earn 99 cents per share on $906 million in revenue.

Hewlett Packard Enterprise — Shares of HPE slid 2.1% despite the company's second-quarter results exceeding expectations. HPE earned 46 cents per share during the period, excluding items, which was ahead of the 42-cent profit analysts surveyed by Refinitiv were expecting. Revenue came in at $6.7 billion, also ahead of the expected $6.62 billion.

Ambarella — The camera equipment maker's stock advanced 4.3% following the company's first-quarter results. Ambarella earned 23 cents per share excluding items, and reported $70.1 million in revenue. According to estimates from FactSet, the Street was expecting 17 cents on $68.6 million in revenue.

Scotts Miracle-Gro — Shares of the lawn company climbed less than 1% after the company raised its full-year guidance. In a statement, the company said the boosted outlook is mainly due to stronger growth in the U.S.