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: Devon Energy Corp (DVN), Vonage Holdings Corp. (VG), Quad/Graphics, Inc. (QUAD), La-Z-Boy Incorporated (LZB), and More

Devon Energy Corp (NYSE:DVN) (MarketWatch)
Shares of Devon Energy Corp. DVN, -10.16% fell 6% in premarket trading Wednesday, after the company posted weaker-than-expected fourth-quarter earnings late Wednesday and offered downbeat production guidance for 2018. Cowen analysts said the company’s earnings call later Wednesday “should focus more on DVN’s potential for cash return in dividends and share repurchases after it pays down debt. Asset sales, which we see the Eagle Ford as a potential candidate, could accelerate cash returns.” Cowen has an outperform rating on the stock.

Vonage Holdings Corp. (NYSE:VG) (The Motley Fool)
What happened: Shares of Vonage Holding (NYSE:VG) fell as much as 15.9% lower on Wednesday morning, hampered by a mixed earnings report. As of 11:20 a.m. EST, the stock had recovered to a smaller 14.4% drop. So what: The digital-communications expert’s fourth-quarter earnings tripled year over year, to $0.09 per share, meeting Wall Street’s consensus expectations. On the top line, sales rose 3%, to $254 million, missing the Street’s targets by a rounding error.

Phongphan/Shutterstock.com

Phongphan/Shutterstock.com

Quad/Graphics, Inc. (NYSE:QUAD) (Benzinga)
Quad/Graphics, Inc. shares jumped 18.2 percent to $26.06 after the company reported upbeat Q4 earnings. The company also announced the acquisition of Ivie & Associates.

La-Z-Boy Incorporated (NYSE:LZB) (CNBC)
La-Z-Boy – La-Z-Boy reported adjusted quarterly profit of 51 cents per share, beating estimates by 5 cents a share. The furniture retailer’s revenue also beat forecasts. The company noted that same-store sales increased for the fourth consecutive quarter.

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...