By Connor Hart

Comcast is expected to disclose on Wednesday that it's moving forward with a plan to spin off its NBCUniversal cable TV networks, The Wall Street Journal reported, citing people familiar with the situation. The company, which last month said it was studying the idea, will separate off entertainment and news channels including MSNBC, CNBC, USA, Oxygen, E!, Syfy and Golf Channel. Those assets generated about $7 billion in revenue in the 12 months ended Sept. 30. Shares rise 3.8%, to $42.32, in after-hours trading.

Varex Imaging reported better-than-expected earnings and revenue in its fiscal fourth quarter. The Salt Lake City-based medical-equipment maker swung to a loss, though it posted adjusted per-share earnings of 19 cents, ahead of the 8 cents that analysts surveyed by FactSet were expecting. Revenue declined 9.5% to $205.7 million, but topped analysts' estimates of $198.6 million. Chief Executive Sunny Sanyal said revenue came in at the high end of its guidance, driven by strength in its industrial segment. Shares rise 3.8%, to $15.11, in post-market trading.

KORE Group Holdings said it completed its restructuring plan and posted higher-than-expected revenue in the third quarter. The restructuring, which included cost reductions, leadership realignments and operational improvements, will enable investments in the company's growth priorities and is already bearing fruit, Chief Executive Ron Totton said. Revenue in the most recent quarter edged 0.4% higher to $68.9 million, ahead of the $68 million that analysts surveyed by FactSet expected. Shares jump 28%, to $2.35, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 19, 2024 18:51 ET (23:51 GMT)

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