Exxon Mobil Corporation (NYSE:XOM) (CNBC)
Exxon Mobil on Friday reported adjusted quarterly profits that fell far short of Wall Street estimates, though the oil giant posted its strongest annual earnings since 2014. Shares of Exxon plunged about $5 a share, or nearly 6 percent, to below $84. The Irving, Texas-based company reported fourth-quarter earnings of 88 cents a share, excluding the impacts of U.S. tax reform and impairments. Analysts had expected earnings of $1.04 a share.
Aceto Corporation (NASDAQ:ACET) (The Motley Fool)
What happened: Shares of Aceto Corporation (NASDAQ:ACET) tumbled as much as 26.8% in trading Friday after the company reported fiscal second-quarter earnings. At 10:40 a.m. EST, the stock is bouncing near its low, down 26.1% on the day. So what: Quarterly revenue was up 36.4% to $171.2 million but net loss ballooned from $0.6 million a year ago to $13.9 million, or $0.39 per share.
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Ferrari NV (NYSE:RACE), Nokia Oyj (ADR) (NYSE:NOK), and Pandora Media Inc (NYSE:P) (Madison.com)
Shares of Ferrari picked up 7% after the automaker reported strong results for the full 2017 fiscal year. The company said it shipped almost 8,400 vehicles, up 5% from year-earlier levels, and net revenue jumped 10% in local currency terms, helping to send adjusted net income higher by more than a quarter. Nokia stock jumped 12% in the wake of favorable results in the company’s fourth-quarter financial report. Revenue was relatively flat from year-earlier results, but an unexpected rise in adjusted earnings made investors happy. Finally, shares of Pandora Media climbed 7%. The streaming music service provider announced that it would cut about 5% of its workforce as part of a broader initiative to contain cost increases in order to be more competitive in its increasingly crowded industry.
athenahealth, Inc (NASDAQ:ATHN) (Benzinga)
athenahealth, Inc climbed 12 percent to $ 139.89 after reporting a fourth quarter sales beat. Adjusted earnings came in at $1.11, which may not compare to a 63-cent consensus estimate. Sales came in at $329 million, beat estimates by $9 million. The company will introduce FY18 guidance at an investor summit Feb. 15.
Viavi Solutions Inc (NASDAQ:VIAV) (MarketWatch)
Shares of Viavi Solutions Inc. VIAV, +15.63% soared 17% as William Blair analyst Dmitry Netis praised the company’s decision to acquire Cobham’s test and measurement business. “We view this transaction positively, given potential revenue and cost synergies and opportunity for EPS expansion,” he wrote. “We are particularly pleased with the added wireless test products (60%-70% of acquired assets’ revenue) and pan-European/Asia customer exposure ahead of 5G infrastructure buildouts.” Viavi also reported better than expected revenue and earnings for its December quarter on Thursday afternoon.
Brooks Automation, Inc (NASDAQ:BRKS) (The Motley Fool)
What happened: Shares of Brooks Automation (NASDAQ:BRKS), a worldwide provider of automation and cryogenic solutions for multiple markets including semiconductor manufacturing and life sciences, are down 10% as of 11:00 a.m. EST after the company released first-quarter results. So what: Despite the stock price drop, the first quarter wasn’t anything to shame. Revenue during the first quarter jumped 18.4% to $189.33 million, up from the prior year’s $159.96 million.
IMPINJ Inc (NASDAQ:PI) (Benzinga)
IMPINJ Inc tumbled 44.5 percent to $12.69 after raising its fourth quarter outlook, but warned of an anticipated decline in sales in the first quarter. The company cites “softness in our endpoint IC volumes” as the reason for the weak first quarter guidance.
Tableau Software Inc (NYSE:DATA) (Benzinga)
Tableau Software Inc gained 9.3 percent to $84.26 after reporting a fourth quarter earnings beat. Adjusted earnings came in at 12 cents per share, topping estimates by 9 cents. Sales came in at $294 million, $8 million ahead of estimates. The company also appointed Starbucks CTO Gerri Martin-Flickinger to the Board of Directors.
