Here’s Why Eleven Bio, SouFun, Glaukos, Match Group, and Triumph Group Are Surging Today

Glaukos Surges on Strong Results

Shares of Glaukos Corp (NYSE:GKOS) are trading up by approximately 23.3% this afternoon following the announcement of the company’s first quarter financial results. After the market closed on Tuesday, the small-cap ophthalmic medical technology firm posted EPS of $0.03, $0.18 above the Street’s consensus, on revenue of $23.1 million, which was not only up by an impressive 57.1% year-over-year, but also beat estimates by $4.33 million. In addition, management boosted its full year sales guidance to $100 million-to-$102 million from $90 million-to-$93 million. The fresh outlook stands well above the Street’s $92 million consensus.

By the end of the fourth quarter of 2015, six funds among those that we track held more than 18% of Glaukos Corp (NYSE:GKOS)’s float. In this group was Samuel Isaly’s Orbimed Advisors, holding 2.89 million shares of the company.

Sturdy Results Also Drive Match Group Up

Another big gainer on Wednesday is Match Group Inc (NASDAQ:MTCH), which is up by more than 15.2% in the early afternoon, also being driven by strong first quarter financial results. After the bell rang on Tuesday, the online dating company reported EPS of $0.11, $0.03 ahead of the Street’s consensus estimate, on revenue of $285.28 million, up by 21.4% year-over-year, and $3.53 million above estimates.

Match Group Inc (NASDAQ:MTCH) counted the support of 18 funds in our database at the end of the fourth quarter. Among them was David Einhorn’s Greenlight Capital, with a holding of 640,126 shares of the company.

Triumph Group Triumphing in Trading

Finally, there’s Triumph Group Inc (NYSE:TGI), which is up by more than 5.7% in Wednesday trading, even though the company’s fourth quarter of fiscal year 2016 EPS of $1.32 missed estimates by $0.16 this morning. However, the company’s quarterly revenue of $1.06 billion, which beat expectations by $20 million, and its completion of a comprehensive review of operations seemed to please investors.

18 funds among those that we track were long Triumph Group Inc (NYSE:TGI) at the end of the fourth quarter. The largest stake was held by Alexander Roepers’ Atlantic Investment Management, and consisted of 2.96 million shares of the company valued at more than $117 million.

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