Zagg Inc (NASDAQ:ZAGG) (The Motley Fool)
What happened: Shares of ZAGG (NASDAQ:ZAGG) have plunged today, down 19% as of 11:45 a.m. EST, after the company reported fourth-quarter earnings. The gadget accessories specialist’s profit fell short of analyst expectations. So what: ZAGG generated $176.9 million in revenue in the fourth quarter, which was up 54% from a year ago and ahead of the consensus estimate of $167.1 million in sales. Non-GAAP earnings per share came in at $0.71, slightly below the Street’s forecast of $0.72 per share in adjusted profit.
American Eagle Outfitters (NYSE:AEO) (MarketWatch)
Shares of American Eagle Outfitters Inc. AEO, -9.50% rallied 3.1% in premarket trade Thursday, after the apparel retailer reported a fiscal fourth-quarter profit that matched expectations but beat on sales, provided an upbeat outlook and raised its dividend. Net income for the quarter to Feb. 3 rose to $94.0 million, or 52 cents a share, from $54.6 million, or 30 cents a share, in the same period a year ago. Excluding non-recurring items, such as a benefit from recent tax legislation, adjusted earnings per share came to 44 cents, in line with the FactSet consensus.
leungchopan/Shutterstock.com
IMMURON Ltd/S ADR (NASDAQ:IMRN) (Benzinga)
Immuron Limited shares jumped 71.2 percent to $14.46 after the company disclosed positive results in NASH clinical trial.
Kroger Co (NYSE:KR) (The Wall Street Journal)
Kroger Co.’s stock dropped 12% on Thursday as the grocer’s investment in online operations to compete with Walmart Inc., Amazon.com Inc. and other retailers cut into profit and disappointed investors looking for higher share buybacks and dividends. Kroger Co. is feeling the squeeze as the U.S.’s largest supermarket chain is investing in online ordering offerings to keep its customers from migrating to competitors, but sacrificing time and money to do so and is being punished by investors eager to see profits grow now.
CIGNA Corporation (NYSE:CI), Express Scripts Holding Co (NASDAQ:ESRX) (TheStreet)
Healthcare stocks were responding in a mixed way Thursday, March 8, to another blockbuster deal in the space. U.S. health insurance giant Cigna Corp. (CI) said it planned to pay $67 billion to buy out benefits management group Express Scripts Holding Co. (ESRX). The news sent Express Scripts shares higher 10.26%, while Cigna stock slumped 10.31%. Both traded on significantly heavy volume.
Hovnanian Enterprises, Inc. (NYSE:HOV) (The Motley Fool)
What happened: Shares of Hovnanian Enterprises (NYSE:HOV) dropped more than 10% in early trading on Thursday (yes, it happened again) after the homebuilder reported its earnings for the fiscal first quarter of 2018 — and are still down 6.6% as of 11:10 a.m. EST. Hovnanian reported a 24% dip in sales year over year, to $417.2 million, but gross margins climbed 130 basis points to 14.8%.
Progress Software Corporation (NASDAQ:PRGS) (MarketWatch)
Shares of Progress Software Corp. PRGS, -12.55% tumbled 9.3% toward a three-month low in morning trade Thursday, Benchmark swung to bearish from bullish on the business software company after one of its largest shareholders disclosed the sale of its entire stake. Praesidium Investment Management Co. said in an SEC filing late Wednesday that it no longer owned any voting shares of Progress Software, after disclosing last month that it owned 4.33 million shares, or about 9.3% of the shares outstanding as of March 31.
Vascular Biogenics Ltd (NASDAQ:VBLT) (Benzinga)
Vascular Biogenics Ltd shares dipped 61.4 percent to $2.62 after the company disclosed that its Phase 3 GLOBE study did not meet its pre-specified primary endpoint of overall survival.
Wynn Resorts, Limited (NASDAQ:WYNN) (CNBC)
Wynn Resorts — Two members of the company’s board of directors stepped down Wednesday, hours after the state of Oregon announced it was suing disgraced former CEO Steve Wynn and the Wynn Resorts board of directors for allegedly failing to stop sexual misconduct at the company’s highest levels.
