NEX Group PLC/S ADR (OTCMKTS:NEXGY) (Reuters)
LONDON, March 16 (Reuters) – A takeover offer for NEX Group sent its shares shooting up by almost a third on Friday, while the FTSE 100 registered a weekly decline in spite of a boost from energy and financials stocks. Financial technology company NEX Group rose 31 percent after saying it received a preliminary takeover offer from CME. Speculation that the offer could trigger a bidding war is likely to support the shares. “NEX is an important strategic asset and therefore we would not be surprised to see competing interest,” said Liberum. The FTSE 100 rose 0.3 percent on Friday, leaving it 0.7 percent down on the week.
Qualstar Corporation (NASDAQ:QBAK) (Benzinga)
Qualstar Corporation gained 20.6 percent to $11.0731 after reporting fourth quarter earnings of 33 cents per share, up from a loss of 20 cents in the same quarter of last year. Sales came in at $3.2 million, up from $2.2 million a year prior.
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Ulta Beauty Inc (NASDAQ:ULTA) (CNBC)
Ulta Beauty – Ulta fell 3 cents shy of forecasts with adjusted quarterly profit of $2.75 per share, although the cosmetics retailer’s revenue did match forecasts. Ulta also posted an 8.8 percent increase in comparable store sales, slightly short of consensus estimates.
Overstock.com Inc (NASDAQ:OSTK) (Yahoo Finance)
Overstock (OSTK): Shares are tumbling in early trade. The discount site reported a larger-than-expected loss and revenue that missed the mark.
Purple Innovation Inc (NASDAQ:PRPL) (Benzinga)
Purple Innovation, Inc. shares fell 25.5 percent to $9.75 after a report that CEO Sam Bernards stepped down. Co-Founder and Chair Terry Pearce was named interim replacement. Purple Innovation reported a Q4 loss of $2 million on sales of $63 million.
Broadcom Ltd (NASDAQ:AVGO) (Yahoo Finance)
Broadcom (AVGO): Shares are lower here. Despite beating on both the top and bottom lines, investors were underwhelmed by the chipmaker’s forecast. On its earnings call, management suggested they were open to more deals after President Trump thwarted its offer for Qualcomm.
Tiffany & Co. (NYSE:TIF) (CNBC)
Tiffany – The luxury goods retailer beat estimates by 3 cents with quarterly profit of $1.67 per share. Revenue also beat forecasts, and a same-store sales increase of 3 percent was slightly above the consensus estimate of 2.8 percent.
Western Digital Corp (NASDAQ:WDC) (TheStreet)
Western Digital Corp. (WDC) is jumping Friday, up 3.9% to $106.21. Shares also hit a new 52-week high in the session. So why’s the stock rallying? Baird analyst Tristan Gerra upgraded the stock to outperform from neutral and raised his price target to $135 from $93. This was a “very large price target” increase, TheStreet’s Jim Cramer said on CNBC’s “Stop Trading” segment.
Adobe Systems Incorporated (NASDAQ:ADBE) (Yahoo Finance)
Adobe (ADBE): Shares are popping in early trading. The creative software maker beat on both the top and bottom lines, as subscription revenue climbed higher.
