Here’s Why SINA Corp, Microchip Technology, Endo International & Other Stocks Are on the Move Today

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WebMD Traffic Ailing

WebMD Health Corp. (NASDAQ:WBMD) has lost more than 8%, even though the company beat top- and bottom-line estimates for the second quarter. While EPS of $0.39 and revenue of $167.58 million came in $0.01 and $2.18 million ahead of estimates, respectively, a 6% decline in traffic, to 199 million unique visitors, hurt the stock. For the ongoing quarter, the company’s management estimates revenues of $168 million to $171 million and net income of $17 million to $18.5 million. For the full year, the guidance stands for net income of $82 million to $89.5 million, or $1.78 to $1.90 per share, below the current consensus estimate of $1.92 per share. A total of 26 funds from our database held long equity stakes in WebMD Health Corp. (NASDAQ:WBMD) at the end of March. The largest position was held Michael Lowenstein’s Kensico Capital, which owned 5.1 million shares, according to its last 13F filing.

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Microchip Technology Posts Record Figures

Back to gainers, we’ve got Microchip Technology Inc. (NASDAQ:MCHP), whose stock has gained over 7% so far today on the back of the company reporting its results for the first quarter of fiscal 2017. First-quarter EPS of $0.84 beat the Street’s consensus by $0.10, while revenue of $843.99 million, advanced by 58.1% year-over-year, and topped the estimates by $22.58 million. The EPS established a new record for the company, same as the reported operating income of $231.1 million and the net income from continuing operations of $194 million. Gross margins hit 55.8%. For the second quarter, Microchip Technology projects revenue of $844 million to $877.8 million, EPS of $0.83 to $0.91, and a gross margin between 55.6% and 56.2%. Finally, the team announced an 0.1% increase in the stock’s dividend to $0.36 per share. At the end of March, 16 funds in our database were long Microchip Technology Inc. (NASDAQ:MCHP).

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Endo Intl. Investors Rejoice On Double Beat

Finally, there’s Endo International plc – Ordinary Shares (NASDAQ:ENDP), which has skyrocketed 20.40%, driven by better than expected results delivered by the company. Second-quarter EPS of $0.86 and revenue of $921 million beat the Street’s consensus by $0.12 and $56.66 million, respectively. In addition, the company reaffirmed its full-year guidance, which includes sales in the range of $3.87 billion to $4.03 billion, versus analysts’ estimates of $3.93 billion, and EPS of $4.50 to $4.80, compared to analysts’ consensus of $4.54. As of the end of March, 49 hedge funds in our database hold long equity positions in Endo International plc – Ordinary Shares (NASDAQ:ENDP), with the total value of their holdings hitting approximately $1.3 billion.

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Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

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