Chegg Inc (NYSE:CHGG) (The Motley Fool)
What happened: shares of Chegg Inc. (NYSE:CHGG) jumped on Tuesday after the connected learning platform provider reported its fourth-quarter results. The company beat analyst estimates for both revenue and earnings, pushing the stock up about 15.5% by 12:10 p.m. EST. So what: Chegg reported fourth-quarter revenue of $73.5 million, up 17% year over year and about $2.9 million higher than the average analyst estimate.
Helios and Matheson Analytics Inc (NASDAQ:HMNY) (MarketWatch)
Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, -30.35% were down more than 30% in premarket trade on Tuesday after the data company announced a $105 million public equity offering. The offering includes 7,425,000 Series A units, each made up of one common share and a warrant to buy an additional share. The offering also includes 11,675,000 Series B units, each including a Series B pre-funded warrant to by common share and a Series A warrant to buy shares.
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Blue Apron Holdings Inc (NYSE:APRN) (CNBC)
Shares of Blue Apron spiked Tuesday after the company posted a smaller-than-expected fourth-quarter loss, helped by improvements at its fulfillment center in New Jersey. The stock was up 6 percent. Early in Tuesday’s session, it had risen nearly 27 percent. Blue Apron has been struggling to overcome well-publicized operational issues that have dragged its stock down more than 66 percent since it started trading in late June. Shares have slipped from $11 to just under $4 during that period. The meal kit company said increased automation bolstered productivity in the Linden, New Jersey, center and brought it in-line with its counterparts in California and Texas.
WMIH Corp (NASDAQ:WMIH) (Benzinga)
WMIH Corp. shares surged 62.1 percent to $1.29. The insurance company agreed to merge with Nationstar Mortgage Holdings Inc. Nationstar shareholders could chose to receive $18.00 in cash or 12.7793 of WMIH common stock for each share owned. Nationstar shareholders will own around 36 percent of the combined entity with WMIH shareholders owning the remaining 64 percent.
