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

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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.

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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.





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