After-Hours Stock Movers 10/13: (REED) (ENZ) (UA) Higher; (SMSI) (HIVE) (NHTC) Lower (more...)
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Today's After-Hours Movers
Smith Micro Software (NASDAQ: SMSI) 20.8% LOWER; announced preliminary revenue results for its fiscal third quarter ended, September 30, 2016. Preliminary revenue for the quarter is expected to be approximately $6.5 million, which is below the company's previously announced guidance of revenue in the range of $7.9 million to $8.4 million. *** The Street sees revenue of $8.2 million.
Aerohive Networks (NYSE: HIVE) 18.3% LOWER; Revenue for the third fiscal quarter is expected to be $40 million, which is below the Company's previously stated guidance of $46 million to $50 million (*** cons. is $47.96 million). On a GAAP basis, the Company expects net loss per share for the third fiscal quarter to be between $0.19 to $0.20, compared with previously stated guidance of a net loss of $0.14 to $0.20 per share. On a non-GAAP basis, the Company expects net loss per share to be between $0.06 to $0.07, compared with previously stated guidance of a loss of $0.01 to $0.07 per share. (*** cons. is -0.04)
Natural Health Trends Corp. (NASDAQ: NHTC) 15% LOWER; The Company estimates total revenue for the quarter ended September 30, 2016 to be $70.7 million, which represents a decrease of 12% compared to $80.8 million in the third quarter of 2015.
Reed's (NYSE: REED) 7% HIGHER; reported Q3 EPS of ($0.02), versus ($0.19) reported last year. Revenue for the quarter came in at $12.3 million, versus $10.7 million reported last year.
Enzo Biochem (NYSE: ENZ) 6.5% HIGHER; reported Q4 EPS of $0.77, versus $0.18 reported last year. Revenue for the quarter came in at $26.6 million, versus $25.7 million reported last year.
Landmark Infrastructure Partners LP (Nasdaq: LMRK) 5% LOWER; commenced an underwritten public offering of 3,000,000 common units representing limited partner interests in the Partnership. The Partnership intends to grant the underwriters a 30-day option to purchase up to an additional 450,000 Common Units.
Under Armour, Inc. (NYSE: UA) 2.1% HIGHER; Piper Jaffray upgraded from Neutral to Overweight with a price target of $44.00 (from $40.00).
Zumiez, Inc. (NASDAQ: ZUMZ) 2% HIGHER; Piper Jaffray upgraded from Neutral to Overweight with a price target of $28.00.
Scorpio Bulkers, Inc. (NYSE: SALT) 1% HIGHER; announced today that the President of the Company, Robert Bugbee, has purchased an aggregate of 30,000 common shares of the Company at an average price of $3.78 per share in the open market.
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