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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.

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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.

Blue Apron Holdings Inc (NYSE:APRN) (The Motley Fool)
What happened: Shares of meal-kit company Blue Apron (NYSE:APRN) jumped on Friday despite no news. The stock has been hammered since the company went public last year, down 78% from its peak, and down about 50% over the past three months. Friday’s rally may just be a dead cat bounce after a long and painful decline. Shares were up about 10.6% at 11:40 a.m. EST.

Nutanix Inc (NASDAQ:NTNX) (MarketWatch)
Shares of Nutanix Inc. NTNX, +5.55% are up 3% in premarket trading Friday after a pair of analysts grew more positive on the stock. BTIG’s Edward Parker upgraded shares to buy from hold Friday, pointing to how the company has transcended “traditional infrastructure categories.” The company is now the leader of the “fledgling ‘enterprise cloud OS'” market, he noted. Parker admitted that he missed a big run up for the stock, which has more than tripled in price since May, but he thinks the company can make a “further ascension up the IT stack.” He has a $53 target on shares.

Mattel, Inc. (NASDAQ:MAT), Hasbro, Inc. (NASDAQ:HAS) (CNBC)
Hasbro— Toys R Us may liquidate its U.S. operations, hurting debt holders Hasbro and Mattel. Both toymakers previously said that the retailer’s bankruptcy filing materially impacted their businesses.

Autoweb Inc (NASDAQ:AUTO) (Benzinga)
Autoweb Inc shares dipped 40.4 percent to $4.04 following a fourth quarter sales miss. Adjusted earnings came in at a penny, down from 35 cents per share in the same quarter of last year. It was also announced company CEO Jeff Coats and CFO Kimberly Boren are stepping down. Wesley Ozima was named interim CEO.

Wynn Resorts, Limited (NASDAQ:WYNN) (CNBC)
Wynn Resorts – Disgraced former CEO Steve Wynn may soon be able to sell his 12 percent share in the casino company. As the largest stakeholder, he had been unable to sell his stock due to a complex shareholder agreement made in 2010. On Thursday the company announced it will pay a $1.94 billion settlement to Universal Entertainment and Aruze USA, which will see the latter company no longer consider itself a party to the shareholder agreement – a key step toward making it possible for Wynn to sell his shares.