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STOCK MOVERS

U.S. Movers: Aceto, BlackBerry, Carnival Corp, Progress Software, Vail Resorts


Author: Mukesh Buch
ticker.com
Last Update: 12:01 PM EDT September 28 2018

12:05 PM New York City, New York Aceto net swung to a loss. Applied Optoelectronics lowered fiscal outlook. BlackBerry surged after profit than doubled. Bassett Furniture net fell. Carnival beats earnings estimates. Progress Software net soared 49%. Vail Resorts net loss widened.

Tollbooth Index slipped 31.42 or 0.2% to 16,570.75 but for the year-to-date soared 20.4%.

Earnings Review

Aceto Corporation (ACET) declined 5.4% or 13 cents to $2.26 after the generic pharmaceuticals products maker said net sales in the fourth-quarter ending in June declined 13.2% from a year ago to $168.9 million.

Net in the quarter swung to a loss of $34.7 million or 98 cents per diluted share from profit of $2 million or 6 cents in the same quarter last year.

Applied Optoelectronics, Inc (AAOI) tumbled 14.2% or $4.02 to $24.34 after the fiber-optic products provider lowered third-quarter revenues forecast between $55 million and $58 million from the earlier estimate of $82 million to $92 million.

BlackBerry Limited (BB) surged 12.2% or $1.25 to $11.44 after Canada-based mobile handsets maker reported revenues in the second-quarter ending in August plunged 11.7% from a year ago to $210 million.

Net income in the quarter more than doubled to $43 million from $19 million and diluted loss per share fell to 0.04 cents from 0.08 cents in the same quarter last year.

BlackBerry reaffirmed fiscal 2019 software and services billings growth of about double-digits and software and services revenue growth between 8% and 10%.

Bassett Furniture Industries Inc (BSET) fell 15 cents to $20.30 after the home furnishings products maker stated total sales in the third-quarter ending on August 25 fell 1.1% from a year ago to $112.9 million.

Net income in the quarter plunged 35.6% to $2.9 million or 28 cents per diluted share from $4.6 million or 43 cents in the same quarter last year.

Carnival Corporation (CCL) slid 15 cents to $63.60 after the cruise operator reported revenues in the third-quarter ending in August jumped 5.5% from a year ago to $5.8 billion.

Net income in the quarter surged 30.8% to $1.7 billion or $2.41 per diluted share from $1.3 billion or $1.83 in the same quarter last year.

Carnival forecasted fiscal 2018 diluted earnings per share between $4.21 and $4.25.

Progress Software Corp (PRGS) plummeted 16.5% or $7.02 to $35.54 after the cloud-based security solutions provider said revenues in the third-quarter ending in August slid 2% from a year ago to $95.7 million.

Net income in the quarter soared 49.1% to $16.7 million or 37 cents per diluted share from $11.2 million or 23 cents in the same quarter last year.

Vail Resorts Inc (MTN) dropped 3.3% or $9.50 to $276.64 after the resorts and casinos operator reported net revenues in the fourth-quarter ending in July rose 1.2% from a year ago to $211.6 million.

Net loss in the quarter widened to $83.7 million or $2.07 per diluted share from $57.1 million or $1.43 in the same quarter last year.
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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