Market Movers Today: Electronic Arts Inc. (EA), ImmunoGen, Inc. (IMGN), Juniper Networks, Inc. (JNPR), and More

Page 2 of 2

Global Eagle Entertainment Inc (NASDAQ:ENT) (The Motley Fool)
What happened: Shares of Global Eagle Entertainment (NASDAQ:ENT) jumped Wednesday after the company reported results for the first nine months of 2017. With this report and the subsequent quarterly filings with the SEC, Global Eagle expects to no longer be under threat of delisting from the Nasdaq. The stock was up about 14% at noon EST. So what: Global Eagle reported nine-month revenue of $460 million, up 23% year over year. The acquisition of Emerging Markets Communications in mid-2016, along with growing service revenue in the connectivity business, drove the double-digit increase.

Xerox Corp (NYSE:XRX) (MarketWatch)
Xerox Corp. XRX, +5.94% on Wednesday recorded a year-over-year reduction in net loss for the fourth quarter, though it took a charge related to the new U.S. tax law. The Norwalk, Conn., maker of copy machines and other office products reported its latest results alongside the disclosure that Japanese joint-venture partner Fujifilm Holdings Corp. (4901.TO) planned to acquire it. Net loss shrank to $190 million, or 76 cents a share, from $843 million, or $3.30 a share, a year ago. Excluding certain after-tax costs, adjusted earnings per share came to $1.04, up 4 cents from a year earlier. Among those excluded costs was a $1.55 per-share charge linked to the enactment of the U.S. tax overhaul, the company said.

Boeing Co (NYSE:BA) (The Wall Street Journal)
Boeing Co. said it boosted capital spending plans in the wake of U.S. tax reform, and will invest some of the windfall in productivity gains that are generating record profits and cash flow. The world’s largest aerospace company by sales said gains from a big drop in its effective tax rate to 16% would be invested in product development, workforce training and factories as Boeing works through a huge backlog of commercial jetliner orders and targets higher world-wide military spending.

Shutterfly, Inc. (NASDAQ:SFLY) (Benzinga)
Shutterfly, Inc. shares gained 19.9 percent to $63.95 after the company reported better-than-expected earnings for its fourth quarter earnings and issued a strong FY18 guidance. The company also reported the purchase of Lifetouch for $825 million.





Page 2 of 2