Companies whose shares are expected to trade actively in today’s session are Autodesk, Inc. (NASDAQ:ADSK), VIVUS, Inc. (NASDAQ:VVUS), Caesars Entertainment Corp (NASDAQ:CZR), Enbridge Energy Management, L.L.C. (NYSE:EEQ), Radian Group Inc (NYSE:RDN) and Titan International Inc (NYSE:TWI).
Autodesk, Inc. (NASDAQ:ADSK): The design software company’s fourth quarter earnings rose 3.5 percent due to solid revenue growth. Lower sales in Americas were offset by its Asia-Pacific business. However, the company’s first quarter guidance was below the Street estimates. Shares declined 2.38 percent to $35.75 in early trading.
Brook Asset Management was up 7.27% for the first quarter, compared to the MSCI GBT TR Net World Index, which returned 3.96%. For March, the fund was up 1.1%. Q1 2021 hedge fund letters, conferences and more In his March letter to investors, which was reviewed by ValueWalk, James Hanbury of Brook said returns during Read More
VIVUS, Inc. (NASDAQ:VVUS): The biotherapeutics company’s fourth quarter losses widened to $57 million due to disappointing sales of its weight loss drug Qsymia and sharply higher operating expenses. Shares slipped 6.93 percent in early market trading to $11.55.
Caesars Entertainment Corp (NASDAQ:CZR): The casino operator’s fourth quarter losses widened as revenues declined due to superstorm Sandy. Earnings were also hurt by heavy impairment charges. Though net losses were less than the company’s estimates, revenues missed analysts’ expectations. Shares dipped 8.20 percent to $10.75 in early session.
Enbridge Energy Management, L.L.C. (NYSE:EEQ): The energy company is offering nine million of its listed shares. Proceeds will be used to fund its capital expansion program, repay commercial paper and for general partnership purposes. As of February 14, the company had 41.9 million shares outstanding. Shares slipped 5.31 percent to $26.91 in early session.
Radian Group Inc (NYSE:RDN): The mortgage insurer has announced its plans to offer about 30 million of its shares and $200 million worth of convertible senior notes due 2019. Radiant plans to use the proceeds for general corporate purposes and to fund the working capital requirements. As of February 19, the company had 133.7 million outstanding shares. Radiant shares tanked 4.91 percent to $7.75 in early market trading.
Titan International Inc (NYSE:TWI): The tire maker posted a fourth quarter loss despite improved sales. Titan reported a larger tax provision and higher expenses. The company’s revenues and earnings missed Wall Street estimates. Shares tanked 10.26 percent to $22.40 in early trading.