Lifetime Brands Inc. (NASDAQ: LCUT) reported on Wednesday that its fiscal fourth-quarter earnings jumped more than two times year-on-year, aided by the recent acquisition. Back in December, Lifetime Brands acquired Fred & Friends which makes kitchen tools.
Continue reading Lifetime Brands Posts Strong Q4 Results, Share Rally (LCUT)
Although the Men’s Wearhouse Inc.’s (NYSE: MW) fiscal fourth-quarter results fell short of Street’s estimates due to “challenging macroeconomic environment”; shares rallied in afterhours trading on Wednesday after the specialty men’s suit maker said that it has hired Jefferies & Co. to help evaluating strategic alternatives for its K&G operations. The Company is inclined focusing more on its Men’s Wearhouse and Moores clothing retailing.
Shares of Dole Food Company Inc. (NYSE: DOLE) slumped on Wednesday after the fruit and vegetable producer late last evening reported that it swung into a loss in its fiscal fourth quarter as fresh fruit sales were impacted due to divestiture while costs associated with the deal weighed on the bottom line.
Continue reading Major Movers on March 13; DOLE, EXPR, NFLX, WAG, COH, DWA
Movie streaming and DVD rental company, Netflix Inc. (NASDAQ: NFLX) announced on Wednesday that it will add new features in its video services which would allow its U.S. subscribers to link their Netflix accounts with Facebook (NASDAQ: FB). As a result, Netflix users will now be able to track viewing history of their Netflix-watching friends on Facebook. Besides, the new feature will also allow Netflix users to share what they have viewed with their Facebook Friends.
Continue reading Netflix U.S. Subscribers Can Now Sync Netflix Accounts with Facebook (NFLX, FB)
Shares of GraphOn Corporation (OTC: GOJO), a developer, marketer, and seller of application virtualization software and cloud computing software for various computer operating systems primarily in the U.S., are soaring in trading today.
Peregrine Pharmaceuticals (NASDAQ: PPHM) reported late on Tuesday fiscal third quarter results which showed losses were less-than-expected as its revenue jumped more than twofold while lower research and development related costs bolstered the bottom line. The Company is now pinning hopes on its lung cancer treatment drug bavituximab whose development came to a halt after questions were raised regarding its efficacy.
Continue reading Peregrine Pharmaceuticals Reports Narrower Q3 Loss (PPHM)
Shares of VeriFone Systems Inc. (NYSE: PAY) gained on Tuesday after the card payment machine maker said that its CEO Douglas Bergeron will step down from his position. Bergeron, who served as the CEO for VeriFone for last 12 years, will be replaced by current chairman Richard McGinn on an interim basis. The Company said that it has formed a committee to find Bergeron’s successor.
Continue reading Major Movers on March 12; PAY, URBN, YUM, COST, AAPL, RHT
Shares of Titan Pharmaceuticals Inc. (OTC: TTNP), a biopharmaceutical company engaged in the development of proprietary therapeutics primarily for the treatment of central nervous system disorders in the U.S., are climbing in trading today. At last check, TTNP shares were trading 5.71% higher at $1.85 on volume of 422,703. The stock hit an intra-day high of $1.87 earlier today.
Shares of Swingplane Ventures Inc. (OTC: SWVI), an exploration stage company engaged in exploration and development of mineral properties in China, are soaring in trading today. At last check, SWVI shares were trading 25% higher at $.138 on volume of 8.08 million. The stock hit an intra-day high of $0.14 earlier today. Despite the rally in trading today, SWVI shares have fallen more than 27% in the last three trading sessions.
Costco Wholesale Corporation (NASDAQ: COST) reported that fiscal second-quarter earnings climbed 39% year-on-year as customers in the backdrop of macroeconomic uncertainty preferred making bulk purchases from its warehouses.
Continue reading Costco Wholesale Corp’s Q2 Revenue Jumps 8.3%, Edge Past Street’s Estimates (COST)