Look Out Below! What’s the Deal With These 5 Falling Stocks?

Premier Declines After EPS Falls Short

Premier Inc (NASDAQ:PINC) earned $0.36 per share on revenue of $301.42 million for its fiscal year 2016 fourth quarter, missing EPS estimates by $0.02 per share, but beating the top-line consensus mark by $1.1 million. Although revenue rose by 13.1% year-over-year and beat estimates, traders mainly focused on the bottom-line miss and underwhelming guidance, with management expecting adjusted EPS for its 2017 fiscal year of $1.71-to-$1.82 (versus fiscal year 2016 EPS of $1.61) and adjusted EBITDA of $475 million-to-$500 million. Premier shares are off by 8% in morning trading as a result. 14 funds that we track were long Premier Inc (NASDAQ:PINC) at the end of June.

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Tuniu Dissapoints

Tuniu Corp (NASDAQ:TOUR) missed both the top- and bottom-line estimates of analysts with its second quarter results, declaring a loss of $0.90 per share on sales of $355.5 million. Although revenue rose by 55.6% year-over-year (as total travel GMV increased by 94.3% year-over-year), analysts were expecting $0.27 more in earnings per share and $19.49 million more in sales. Revenue growth will likely be slower for the third quarter, as management expects sales of RMB3.88 billion ($584.17 million) to RMB4.03 billion ($606.75 million), which represents 30%-to-35% growth year-over-year. Shares of the company are off by 7% today. Four funds in our system were long Tuniu at the end of the second quarter, up from three quarter-over-quarter.

Kirkland’s Misses the Mark

Kirkland’s, Inc. (NASDAQ:KIRK) reported a disappointing second quarter, with a loss of $0.22 per share and revenue of $123.02 million, missing the consensus marks by $0.01 per share and $2.52 million respectively. Revenue missed in part due to a 4.3% drop in comparable-store sales, while profits missed in part due to a 250-basis-point decrease in gross margin. For the full year, management expects diluted earnings of between $0.70 and $0.80 per share. Jim Simons‘ Renaissance Technologies raised its stake in Kirkland’s, Inc. (NASDAQ:KIRK) by 64% in the second quarter to over 481,000 shares.

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