Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- HGG -51.9%, (HHGregg sees fiscal Q3 sales of ~$453 mln vs. $564.3 mln Capital IQ Consensus Est; co expects to incur a non-cash charge for asset impairment of $7-12 mln of certain locations in the quarter ended December 31, 2016), ASNA -20.1%, WDFC -8.6%, FRSH -7.1%, (issues downside Q4 revenue guidance), NSTG -6.4%, BOOT -5.3%, (Boot Barn Holdings reports light prelim Q3 results ahead of ICR conf), SHOO -4.9%, CRAY -4.2%, (anticipates 2016 revenue to be in previously provided range; believes it will be difficult to grow over 2016 in 2017 ), HALO -4.1%, (guides 2017 revenue below expectations), SCVL -2.3%, (sees FY17 $1.36-1.38 vs $1.49 Capital IQ Consensus Estimate; sees revs $1.000-1.003 bln vs $1.00 bln Capital IQ Consensus Estimate), ABMD -2.2%, (offers prelim Q3 rev results, reaffirms FY17 outlook ahead of presentation at the Annual J.P. Morgan Healthcare Conference), VTR -1.2%, HRC -1.1%, FLDM -1%, ( guides Q4 revenue below consensus ),
Other news:
- AKER -29% (prices 1,667,000 shares of common stock at $1.20 per share, together with 833,500 five-year warrants to purchase common stock with an exercise price of $1.50)
- WMB -10.3% (prices 65 mln shares of common stock at $29.00 per share)
- ATW -5.9% (commenced an underwritten public offering of 13,500,000 shares of common stock)
- WPZ -4.3% (announce financial repositioning for long-term, sustainable growth; Both cos announced an agreement to permanently waive payment obligations), CIO -3.3% (commences 4 mln common stock offering)
- MACK -1.9% (modestly pulling back following yesterday's strength)
- DM -1.5% (Dominion Midstream files for offering of 25,383,348 common units representing limited partner interests by selling unitholders ),
Analyst comments:
- WRLD -2.3% (downgraded to Underperform from Hold at Jefferies)
- EXPE -0.9% (initiated with a Sell at Citigroup)
- GS -0.8% (downgraded to Sell at Citigroup)