LGI Homes Report Strong Revenue Growth, Zebra Tech Net loss Narrows

Mukesh Buch
07 Nov, 2017
New York City

Aclaris Therapeutics said net loss in the third-quarter widened. AdvanSix net and profit jumped. CBOE Global Markets net soared. LGI Homes net surged on strong revenue growth. TopBuild net jumped. Zebra Technologies net loss narrowed.

[R]11:20 AM New York – Aclaris Therapeutics said net loss in the third-quarter widened. AdvanSix net and profit jumped. CBOE Global Markets net soared. LGI Homes net surged on strong revenue growth. TopBuild net jumped. Zebra Technologies net loss narrowed.[/R]

Tollbooth Index rose 33.42 or 0.3% to 13,289.44.

Earnings Review

Aclaris Therapeutics Inc ((ACRS)) declined 4.6% or $1.10 to $22.91 after the dermatological indications maker said revenues in the third-quarter ending in September were just about $0.7 million.

Net loss in the quarter widened to $18.2 million or 63 cents per diluted share from $10.7 million or 50 cents in the same quarter last year.

AdvanSix Inc tumbled 11.1% or $5.05 to $40.49 after the Nylon 6 manufacturer said revenues in the third-quarter ending in September soared 13.2% from a year ago to $366.7 million.

Net income in the quarter jumped 29.1% to $21.3 million or 68 cents per diluted share from $16.5 million or 54 cents in the same quarter last year.

CBOE Global Markets Inc, formerly CBOE Holdings, Inc ((CBOE)) fell 10 cents to $114.34 after the trading and investment solution provider total revenues in the third-quarter ending in September doubled from a year ago to $269.7 million.

Net income in the quarter soared 48% to $59.7 million or 53 cents per diluted share from $40.3 million or 50 cents in the same quarter last year.

LGI Homes Inc ((LGIH)) advanced 2.5% or $1.58 to $63.51 after the homebuilder and land developer reported sales revenues in the third-quarter ending in September surged 69.2% from a year ago to $365.9 million.

Net income in the quarter surged 72.8% to $33.7 million or $1.40 per diluted share from $19.5 million or 86 cents in the same quarter last year.

Myers Industries, Inc ((MYE)) plummeted 7.7% or $1.65 to $19.80 after the plastic and metal packaging manufacturer said net sales in the third-quarter ending in September advanced 8.6% from a year ago to $144.1 million.

Net income in the quarter jumped to $3.3 million or 11 cents per diluted share from $0.4 million or 1 cent in the same quarter last year.

TopBuild Corp ((BLD)) plunged 4.9% or $3.16 to $61.23 after the insulation products provider reported revenues in the third-quarter ending in September jumped 7.9% from a year ago to $489 million.

Net income in the quarter surged 27.6% to $31.4 million or 88 cents per diluted share from $24.6 million or 65 cents in the same quarter last year.

Zebra Technologies Corp ((ZBRA)) dropped 6.3% or $7.34 to $108.45 after the automatic identification and data capture products maker said revenues in the third-quarter ending in September increased 3.4% from a year ago to $935 million.

Net loss in the quarter narrowed to $12 million or 23 cents per diluted share from $83 million or $1.61 in the same quarter last year.