Snap Inc (NYSE:SNAP) (The Motley Fool)
What happened: Shares of Snap (NYSE:SNAP) have skyrocketed today, up by 40% as of 12 p.m. EST, after the company reported strong fourth-quarter earnings. The Snapchat operator was able to put up solid daily active user (DAU) growth that impressed investors. So what: Revenue in the fourth quarter jumped 72% to $285.7 million, which translated into a non-GAAP net loss of $0.13 per share. Both top- and bottom-line results beat the consensus estimates, which called for $252.9 million in sales and an adjusted net loss of $0.16 per share.
Wynn Resorts, Limited (NASDAQ:WYNN) (MarketWatch)
Shares of Wynn Resorts Ltd. soared more than 9% Wednesday, after founder and Chief Executive Steve Wynn stepped down from his role, succumbing to the pressure on the company and its stock following allegations of sexual misconduct against him. The Wall Street Journal reported last month that the casino magnate has a long history of pressuring his employees to perform sex acts. The Journal said it spoke to about 150 employees during its reporting, many of whom were worried that Wynn wields so much power in Las Vegas and in the casino business that he could hurt their chances of being employed elsewhere.
Perry Ellis International, Inc. (NASDAQ:PERY) (Benzinga)
Perry Ellis International, Inc. rose 16 percent to $26.90 after the apparel company confirmed an acquisition offer from George Feldenkreis, the company’s founder who was recently ousted as executive chairman but still controls more than 11 percent of all outstanding shares. He’s joining forces with Fortress Investment Group, a private equity firm, to take Perry Ellis private.
Hasbro, Inc. (NASDAQ:HAS) (CNBC)
Hasbro – The toy maker reported adjusted quarterly profit of $2.30 per share, beating the consensus estimates of $1.80 a share. Revenue came in below Street forecasts, hurt by a decline in sales for its partner brands and in the European region. The company also raised its quarterly dividend to 63 cents per share from 57 cents a share.