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DAILY EARNINGS

Stone Energy Net Swing to Profit; American Midstream, Viewray Net Loss Widen


Author: Mukesh Buch
ticker.com
Last Update: 12:39 PM EDT March 12 2018

11:45 PM New York Big Lots fourth-quarter net soared 16% to $105 million. ChemoCentryx fourth-quarter net swung to profit $40 million. Cooper Companies first-quarter net swung to a loss of $123 million. Dell Technologies fourth-quarter net loss widened to $511 million. R1 RCM fourth-quarter net swung to a loss of $40 million.

Tollbooth Index increased 39.75 or 0.3% to 14,871.56.

Earnings Review

Aclaris Therapeutics Inc (ACRS), the dermatology drugs maker said revenues in the fourth-quarter ending in December was $999 million.

Net loss in the quarter widened to $22.9 million or 74 cents per diluted share from $11.5 million or 49 cents in the same quarter last year.

Aclaris forecasted fiscal 2018 research and development expenses in the range of $67 to $75 million after planned execution of Phase 2 clinical trials in AA, AGA, and vitiligo.

American Midstream Partners LP (AMID), the oil and gas refiner said revenues in the fourth-quarter ending in December slumped 4.7% from a year ago to $167.6 million.

Net loss in the quarter widened to $127.8 million or $2.54 per diluted share from $21.2 million or 60 cents in the same quarter last year.

Middlesex Water Company (MSEX), the water utility services provider said revenues in the fourth-quarter ending in December fell 1.6% from a year ago to $130.8 million.

Net income in the quarter rose 0.3% to $22.7 million or $1.38 per diluted share from $22.6 million or $1.38 in the same quarter last year.

Stone Energy Corporation (SGY), the oil and natural gas explorer and producer stated revenues in the fourth-quarter ending in December soared 27.5% from a year ago to $319.2 million.

Net in the quarter swung to profit $382.7 million or 85 cents per diluted share from $247.6 million or $12.38 in the same quarter last year.

Viewray Inc (VRAY), the medical equipment maker said revenues in the fourth-quarter ending in December soared 23.6% from a year ago to $19.9 million.

Net loss in the quarter widened to $24.6 million or 38 cents per diluted share from $11 million or 25 cents in the same quarter last year.

In fiscal 2018, ViewRay reaffirmed total revenue in the range of $80 million to $90 million.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc