Piper Jaffray Remains Bullish on Sequential Brands (SQBG) Following Announced Acquisition of Gaiam
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After-Hours Stock Movers 05/10: (FUEL) (SQBG) (EA) Higher; (FOSL) (CJES) (FOGO) (DIS) Lower (more...)
May 10, 2016 5:42 PM EDTToday's After-Hours Movers:
Fossil Group (NASDAQ: FOSL) 29% LOWER; reported Q1 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $659.8 million versus the consensus estimate of $666.6 million. GUIDANCE: Fossil Group sees FY2016 EPS of $1.80-$2.80, versus the consensus of $3.02.
Rocket Fuel (NASDAQ: FUEL) 25.6% HIGHER; reported Q1 non-GAAP EPS of ($0.28), versus ($0.60) reported last year. non-GAAP Revenue for the quarter came in at $62.2 million, versus $58.8 million reported last year.
TransEnterix (NYSE:... More
Sequential Brands (SQBG) to Acquire GAIAM Yoga Brand for $146M (GAIA)
May 10, 2016 4:51 PM EDTSequential Brands Group, Inc. (NASDAQ: SQBG) (Sequential or the Company) announced today that it has signed a definitive agreement to acquire the branded consumer product business from GAIAM, Inc. (NASDAQ: GAIA) (GAIAM) for a total purchase price of approximately $146 million in cash.
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