Exxon Mobil Corporation (NYSE:XOM) (CNBC)
Exxon Mobil on Friday reported adjusted quarterly profits that fell far short of Wall Street estimates, though the oil giant posted its strongest annual earnings since 2014. Shares of Exxon plunged about $5 a share, or nearly 6 percent, to below $84. The Irving, Texas-based company reported fourth-quarter earnings of 88 cents a share, excluding the impacts of U.S. tax reform and impairments. Analysts had expected earnings of $1.04 a share.
Aceto Corporation (NASDAQ:ACET) (The Motley Fool)
What happened: Shares of Aceto Corporation (NASDAQ:ACET) tumbled as much as 26.8% in trading Friday after the company reported fiscal second-quarter earnings. At 10:40 a.m. EST, the stock is bouncing near its low, down 26.1% on the day. So what: Quarterly revenue was up 36.4% to $171.2 million but net loss ballooned from $0.6 million a year ago to $13.9 million, or $0.39 per share.
Ferrari NV (NYSE:RACE), Nokia Oyj (ADR) (NYSE:NOK), and Pandora Media Inc (NYSE:P) (Madison.com)
Shares of Ferrari picked up 7% after the automaker reported strong results for the full 2017 fiscal year. The company said it shipped almost 8,400 vehicles, up 5% from year-earlier levels, and net revenue jumped 10% in local currency terms, helping to send adjusted net income higher by more than a quarter. Nokia stock jumped 12% in the wake of favorable results in the company’s fourth-quarter financial report. Revenue was relatively flat from year-earlier results, but an unexpected rise in adjusted earnings made investors happy. Finally, shares of Pandora Media climbed 7%. The streaming music service provider announced that it would cut about 5% of its workforce as part of a broader initiative to contain cost increases in order to be more competitive in its increasingly crowded industry.
athenahealth, Inc (NASDAQ:ATHN) (Benzinga)
athenahealth, Inc climbed 12 percent to $ 139.89 after reporting a fourth quarter sales beat. Adjusted earnings came in at $1.11, which may not compare to a 63-cent consensus estimate. Sales came in at $329 million, beat estimates by $9 million. The company will introduce FY18 guidance at an investor summit Feb. 15.