Companies whose shares are expected to trade actively in today’s session are Shutterfly, Inc. (NASDAQ:SFLY), CSG Systems International, Inc. (NASDAQ:CSGS), Zynga Inc (NASDAQ:ZNGA), Ralph Lauren Corp (NYSE:RL), The Hain Celestial Group, Inc. (NASDAQ:HAIN) and WNS (Holdings) Limited (NYSE:WNS).
Shutterfly, Inc. (NASDAQ:SFLY): The photo-sharing and -printing website owner’s fourth quarter profits rose 50 percent, beating Wall Street estimates. The company’s sales and margins improved during the quarter. Shutterfly, Inc. (NASDAQ:SFLY) also issued full-year revenue guidance that were above expectations. Shares surged 18.90 percent to $40 in early trading session.
The latest Robinhood Investors Conference is in the books, and some hedge funds made an appearance at the conference. In a panel on hedge funds moderated by Maverick Capital's Lee Ainslie, Ricky Sandler of Eminence Capital, Gaurav Kapadia of XN and Glen Kacher of Light Street discussed their own hedge funds and various aspects of Read More
CSG Systems International, Inc. (NASDAQ:CSGS): The business support solutions provider announced better than expected fourth quarter results today. CSG’s profits jumped 40 percent amid higher software sales. Shares went up 7.25 percent to $20 in early market trading.
Zynga Inc (NASDAQ:ZNGA): The social games developer incurred quarter losses. Zynga’s revenues were flat and bookings declined; however, adjusted earnings were better than Wall Street’s expectations. Shares rose 2.74 percent to $2.82 in early trading.
Ralph Lauren Corp (NYSE:RL): The company’s third quarter profits soared 28 percent beating analysts’ estimates. The retailer’s margins improved, sales rose and it benefited from a lower tax rate. Shares rose 7.30 percent to $176.95 in early trading.
The Hain Celestial Group, Inc. (NASDAQ:HAIN): The natural and organic products company announced a 58 percent increase in its second quarter profits. The company said its U.K. sales have more than doubled from the same period a year ago. Though earnings were better than expectations, revenues missed Wall Street’s estimates. Shares dipped 1.90 percent to $58.27 in early session.
WNS (Holdings) Limited (NYSE:WNS): The Indian BPO company said that its largest shareholder Warburg Pincus is putting its entire 25 percent stake in the company for sale. That adds up to 12.6 million American depository shares. As of December 31, WNS had 50.1 million outstanding shares. The company said it wouldn’t offer any American depository shares in the offering, neither will it receive any proceeds from the sale. Shares dipped 3.85 percent to $12.75 in early market trading.