Clorox Acquires Supplements Maker Nutranext, Stone Energy Net Swing to Profit

Mukesh Buch
12 Mar, 2018
New York City

Aclaris Therapeutics net loss widened. American Midstream net loss widened and revenues slumped 5%. The Clorox agreed to acquire a privately held dietary supplement maker Nutranext for $700 million. Middlesex Water profit increased. Stone Energy net swung to profit.

[R]12:35 PM New York City, New York – Aclaris Therapeutics net loss widened. American Midstream net loss widened and revenues slumped 5%. The Clorox agreed to acquire a privately held dietary supplement maker Nutranext for $700 million. Middlesex Water profit increased. Stone Energy net swung to profit.[/R]

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

Earnings Review

Aclaris Therapeutics Inc ((ACRS)) plummeted 6.6% or $1.41 to $19.87 after 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)) rose 3 cents to $11.98 after 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.

The Clorox Company ((CLX)) slipped 65 cents to $130.92 after the consumer and professional chemical products maker agreed to acquire a privately held dietary supplement manufacturer Nutranext for $700 million.

The transaction is expected to close in the fourth-quarter of 2018.

Middlesex Water Company ((MSEX)) gained 24 cents to $36.86 after 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)) jumped 3.7% or $1.21 to $34.10 after 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)) dropped 2.8% or 22 cents to $8.02 after 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.