Why These 5 Nasdaq Stocks Are Tumbling Today

Endo Falls on Weak Guidance

Another big decliner on Friday is Endo International plc – Ordinary Shares (NASDAQ:ENDP), which is down by more than 41% following the announcement of the company’s first quarter financial results. While EPS of $1.08 and revenue of $963.54 million, the latter of which was up by 34.9% year-over-year, beat estimates, lowered 2016 guidance overshadowed the previous quarter’s results. Management said that it now expects full-year non-GAAP EPS of $4.50-to-$4.80 on revenue of $3.87 billion-to-$4.03 billion, down from previous guidance of $5.85-to-$6.20 in EPS and $4.32 billion-to-$4.52 billion in revenue. Analysts were expecting EPS of around $5.69-to-$5.76 and revenue of $4.30 billion-to-$4.31 billion.

Among the funds that we track, 53 were long Endo International plc – Ordinary Shares (NASDAQ:ENDP) at the end of the fourth quarter, with their combined stakes accounting for more than 20% of the company’s float.

FireEye: Yet Another Stock Sinking on Disappointing Results

Also tumbling due to its first quarter financial results is FireEye Inc (NASDAQ:FEYE), which is down by more than 19% in trading today. After the bell rang on Thursday, the small-cap cybersecurity provider reported a net loss of $0.47 per share, $0.03 better than was the Street had expected. However, revenue, which was up by 34 percent year-over-year to $168 million, still missed expectations by $3.8 million. Guidance for second quarter revenue of $178 million-to-$185 million and a net loss of $0.38-to-$0.40 per share, also fell short of expectations. Nonetheless, the key element driving the stock down seemed to be that CEO Dave DeWalt announced he was stepping down from his position, which will be taken over by President Kevin Mandia. The company further announced a wider management reshuffle.

In the first quarter, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners started a new stake in FireEye Inc (NASDAQ:FEYE) comprising 95,071 shares, worth roughly $1.7 million as of March 31.

Scientific Games Plunges on Double-Miss

Finally, there’s Scientific Games Corp (NASDAQ:SGMS), which is down by more than 7.75% on Friday afternoon, driven by a top and bottom-line miss in its first quarter financial results. The company posted a net loss of $0.17 per share on revenue of $682 million, which missed expectations by $0.10 and $11.88 million, respectively.

Scientific Games Corp (NASDAQ:SGMS) counted 25 hedge fund supporters in our database, which held more than half of its float, at the end of the fourth quarter. A noteworthy position was that of Debra Fine’s Fine Capital Partners, which disclosed ownership of 8.36 million shares of the company as of December 31.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned in this article.