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Market Movers Today: Immersion Corporation (IMMR), Trade Desk Inc (TTD), Blue Buffalo Pet Products Inc (BUFF), and More

Immersion Corporation (NASDAQ:IMMR) (The Motley Fool)
What happened: Shares of Immersion Corporation (NASDAQ:IMMR) have surged today, up by 13% as of 11:20 a.m. EST, after it reported fourth-quarter earnings last night. The company was able to narrow its net loss compared to a year ago, and guidance for 2018 came in strong. So what: Revenue in the fourth quarter fell 26% year over year to $6.9 million, which predominantly consisted of royalty and license revenue of $6.7 million.

Trade Desk Inc (NASDAQ:TTD) (Benzinga)
Trade Desk Inc jumped 22.6 percent to $59.32 after the company reported stronger-than-expected results for its fourth quarter. The company issued first quarter and FY18 sales guidance ahead of consensus.

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Blue Buffalo Pet Products Inc (NASDAQ:BUFF) (CNBC)
Blue Buffalo – The natural pet products maker agreed to be bought by General Mills for $40 per share in cash, a total of $8 billion. Blue Buffalo had closed at $34.12 on Thursday. General Mills sees the deal closing by the end of its fiscal year in May, and announced it was suspending its buyback program so it can achieve its leverage targets.

Redfin Corp (NASDAQ:RDFN) (MarketWatch)
Shares of Redfin Corporation RDFN, -2.09% slid more than 6% on Friday after the discount brokerage guided its outlook lower and said it would reshuffle some operations in the face of a challenging housing market. Redfin’s fourth-quarter results, announced Thursday, were stronger than expected. The company lost $1.8 million, or 2 cents per share, compared with $5.3 million and $8.08 a share, in the year-ago period. FactSet’s consensus was for a 5 cent-per-share loss. Excluding recently debuted ventures, revenue was up 36% for the year in the quarter.

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