Why Are These Stocks Falling?

Next up, Party City Holdco Inc (NYSE:PRTY)’s shares have lost 12.7% so far, after the company reported third quarter earnings of $0.10 per share on revenues of $555.41 million, missing the estimates by $0.02 per share and $14.08 million, respectively. Adjusted third quarter EBITDA rose by 2.3% year-over-year, while brand comparable sales inched up 3.3%. Management expects 2015 revenues of $2.27 billion to $2.32 billion and adjusted diluted net income per share between $0.99 and $1.04. Shares of the company are down 28% year-to-date.

CEO James Harrison said:

“As we move into the year-end holiday season, we remain the destination of choice for shoppers looking for holiday decor and entertaining options to celebrate with family and friends. Looking ahead, we will also continue to execute on our strategic initiatives that are driving growth in our wholesale business, including integrating our new ACIM acquisition, driving international sales and capturing new alternative market customers.”

Lastly, Sophiris Bio Inc (NASDAQ:SPHS)’s shares have fallen by around 19% in afternoon trading, as investors take a breather from the stock’s big gains on Tuesday. Shares more than tripled on Tuesday after Sophiris Bio Inc (NASDAQ:SPHS) reported positive results in a Phase 3 clinical trial for PRX302, which is Sophiris’ candidate for the treatment of lower urinary tract symptoms of benign prostatic hyperplasia (BPH). Despite today’s decline, the shares are up by over 360% year-to-date.

Disclosure: none