Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- TTS -26.1%, (sees Q3 net sales of approx $84 mln vs $87 mln CapIQ estimate, comps +1% and gross margins 66-67% vs 70.2% year ago; prior 2017 expectations are no longer applicable)
- PKE -5.8%, AZZ -1.5%
Other news:
- PZG -8.9% (commenced public offering of shares of common stock and concurrent private placement )
- CPE -3.3% (production guidance range of 22,450 to 22,600 barrels of oil equivalent per day 3Q17 vs. previous guidance range of 23,000 to 25,000 Boe/d; provided FY guidance update)
- TROX -2.8% (Exxaro intends to offer TROX Class A ordinary shares in an underwritten secondary offering)
- TSLA -2.1% (announces Q3 deliveries of 26,150 vehicles (+4.5%y/y); raises production guidance; Model 3 production less than anticipated, but no fundamental issues with supply chain)
- RDHL -1.2% (announces positive top-line results from the Phase II clinical study of BEKINDA 12 mg)
- ZGNX -1% (prices 6.7 mln shares of common stock at $37.50 per share)
- RCKY -0.8% (says that its manufacturing facility in Puerto Rico sustained no damage during Hurricane Maria)
- EFX -0.7% (details cybersecurity firm's forensic investigation of the Sept 7 cybersecurity incident; potentially impacted U.S. consumers increased by 2.5 mln)
- SAFM -0.6% ( files for common and preferred stock shelf offering), .
Analyst comments:
- ERIC -2.3% (downgraded to Underperform from Neutral at Credit Suisse)
- LGIH -0.9% (downgraded to Neutral from Outperform at Wedbush )
- LEA -0.7% (downgraded to Neutral from Buy at UBS)
- MGM -0.6% (downgraded to Neutral from Positive at Susquehanna)