Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Market Movers Today: Big Lots, Inc. (BIG), Finisar Corporation (FNSR), Party City Holdco Inc (PRTY), ShiftPixy Inc (PIXY), and More

Big Lots, Inc. (NYSE:BIG) (Barron’s)
Big Lots (BIG) is down 10% to $48.48 following its fourth-quarter earnings. The discounter said it earned $2.57 a share on revenue of $1.64 billion. Analysts were looking for earnings of $2.43 a share on revenue of $1.65 billion. Comparable sales slipped 0.1% in the quarter, below the company’s guidance. For the full year it sees earnings per share between $4.75 and $4.95, below the $5.06 consensus, and same-store sales to increase in the low single-digit range. It said its board of directors authorized a $100 million stock repurchase plan and 20% dividend raise as well.

Finisar Corporation (NASDAQ:FNSR) (MarketWatch)
At least 10 analysts have lowered their price targets on shares of optical communications company Finisar Corp. FNSR, -7.79% according to FactSet, after the company reported stalled growth and projected weaker-than-expected earnings for the ongoing quarter. Finisar shares are down 9.6% in premarket trading Friday. Needham analyst Alex Henderson downgraded the stock to hold from buy, citing the company’s “dismal” results and outlook, and arguing that the company’s “tone was worse than the guide.” In particular, he’s concerned about weak gross margins and a lack of confidence from management that there will be improvement on this metric in the near future.

stock, market, business, app, shares, share, news, global, man, phone, big, graph, chart, using, screen, fast, motion, concept, internet, up, tablet, touching, technology,

solarseven/Shutterstock.com

Party City Holdco Inc (NYSE:PRTY) (The Motley Fool)
What happened: Shares of Party City (NYSE:PRTY) popped 15% in early trading Friday, after the party supplies retailer reported fiscal Q4 and full-year 2017 earnings that beat analyst estimates. GAAP profits for the quarter came at $1.58 per share, topping expectations by $0.01. Sales likewise exceeded analysts’ estimates. As of 11:45 a.m EST, Party City stock was up 9.5%.

ShiftPixy Inc (NASDAQ:PIXY) (Benzinga)
ShiftPixy Inc shares rose 42.9 percent to $5.43. ShiftPixy reported the development of financial and insurance transaction and metering platform.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...