Etsy Inc (NASDAQ:ETSY) (Fortune)
Etsy’s stock price jumped as much as 24% in midday trading on Wednesday, and has now more than doubled from a year ago, thanks to Silverman’s turnaround strategy that got the company out of Amazon’s long shadow. Silverman, a veteran of eBay’s (EBAY, +0.12%) Shopping.com site, has emphasized simple improvements like adding “best seller” badges and site-wide sales for Labor Day and Cyber Monday last year, as well as deeper changes that improved customer searches using artificial intelligence and machine learning with a program Etsy calls “Context Specific Search ranking.”
Frontier Communications Corp (NASDAQ:FTR) (MarketWatch)
Shares of Frontier Communications Corp. FTR, -23.86% tumbled 23% in active premarket trade Wednesday, enough to pace the decliners ahead of the open, after the communications services company suspended its dividend to make resources available to pay down debt. The previous annual dividend rate was $2.40 a share, which based on Tuesday’s stock closing price of $9.24 implied a dividend yield of 25.97%, compared with the S&P 500’s SPX, +0.26% implied dividend yield of 1.88%, according to FactSet.
Stratasys Ltd (NASDAQ:SSYS) (The Motley Fool)
What happened: Shares of Stratasys Ltd. (NASDAQ:SSYS) are down 10% as of 11:25 a.m. EST after the 3-D printer maker reported Q4 financial results that beat expectations for both sales and earnings. On Wall Street, the theory heading into earnings had been that Stratasys would report pro forma profits of $0.15 per share on sales of just under $174 million. Stratasys instead reported revenues of $179.3 million and pro forma profits of $0.16 — beating expectations on both fronts.
PHH Corporation (NYSE:PHH) (Benzinga)
PHH Corporation shares climbed 25.3 percent to $10.70 after the company agreed to be purchased by Ocwen Financial for $11 per share in cash.