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STOCK MOVERS

U.S. Movers: Cal-Maine Foods, BioLife Solutions, Cohu, Stitch Fix


Author: Mukesh Buch
ticker.com
Last Update: 12:00 PM EDT October 01 2018

11:55 AM New York City, New York – Cal-Maine Foods net swung to profit on higher average selling price but the egg producer misses expectations. BioLife Solutions lifted fiscal outlook. Cohu said it completed the acquisition of Xcerra. Stitch Fix jumped ahead of its earnings release.

Tollbooth Index jumped 66.39 or 0.4% to 16,637.14 and for the year-to-date soared 20.9%.

Earnings Review

Cal-Maine Foods Inc (CALM) plunged 9.2% or $4.45 to $43.84 after the shell eggs producer said net sales in the first-quarter ending on September 1 soared 29.6% from a year ago to $340.6 million.

Net in the quarter swung to profit $12.4 million or 26 cents per diluted share from a loss of $16 million or 33 cents in the same quarter last year.

Cal-Maine said swing to profit was driven by 28.4% surge in average selling price per dozen from a year ago period.

BioLife Solutions Inc (BLFS) advanced 2.2% or 39 cents to $17.89 after the healthcare products maker said revenues in the third-quarter ending in September surged 79% from a year ago to $5.3 million.

The clinical grade drug maker lifted fiscal 2018 revenue growth in the Biopreservation media segment forecast in the range of 72% to 82% or $19 million to $20 million from the earlier estimate of $18.5 million to $20 million and gross margin in the range of 68% and 70% from 61% in the fiscal 2017.

Cohu Inc (COHU) slid 0.1 cent to $25.05 after the semiconductor test and inspection equipment provider today announced that it had completed the acquisition of Xcerra Corporation.

Honeywell International Inc (HON) gained 1% or $1.67 to $166.22 after the engineering and aerospace services provider today agreed to acquire Germany-based Transnorm for about $492.8 million or €425 million from IK Investment Partners.

Stitch Fix Inc (SFIX) jumped 5.9% or $2.58 to $46.35 ahead of the online and personal shopping service provider’s scheduled release of its fourth-quarter results after the market close.
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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