Companies whose shares are expected to trade actively in today’s session are Oracle Corporation (NASDAQ:ORCL), Tumi Holdings Inc (NYSE:TUMI), Cimatron Ltd. (NASDAQ:CIMT), Nicholas Financial, Inc. (NASDAQ:NICK), General Moly, Inc. (NYSEAMEX:GMO) and Guess?, Inc. (NYSE:GES)
Oracle Corp. (NASDAQ:ORCL): The software giant’s third quarter earnings missed Wall Street’s estimates as business from new software licenses declined. Analysts see some difficulty in the transition into a Web-based software. The company earned 65 cents a share on revenues of $9 billion. Analysts were expecting a revenue of $9.37 billion with 66 cents in earnings. Shares fell 7.56 percent to $33.06 in early trading.
Carlson Capital's Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm's March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of Read More
Tumi Holdings Inc (NYSE:TUMI): The luggage maker’s fourth quarter profits soared 32 percent amid strong domestic and international sales growth. However, the results fell short of analysts’ estimates, and the company issued a pessimistic guidance for the current year. Shares slipped 5.83 percent to $22.45 in the early session.
Cimatron Ltd. (NASDAQ:CIMT): The software developer announced Thursday that two of its largest shareholders William Gibbs and DBSI Investments Ltd. are offering an undisclosed number of shares. Cimatron won’t receive any proceeds from the sale. Shares slipped 13.15 percent to $5.55 in the early session.
Nicholas Financial, Inc. (NASDAQ:NICK): The company said it will retain Janney Montgomery Scott LLC to evaluate various options including a possible sale after a third party showed interest in Nicholas Financial. Shares surged 13.90 percent to $15.03 in early trading.
General Moly, Inc. (NYSEAMEX:GMO): The company has suspended negotiationd over $665 million term loan for a mining project in Nevada after reports that the project’s primary financier has been detained by Chinese authorities. Shares skidded 19.86 percent to $2.22 in the early market trading.
Guess?, Inc. (NYSE:GES): The apparel company’s fourth quarter profits declined 24 percent despite improved revenues due to special charges and higher input costs. The company also issued downbeat guidance for the first quarter and the full-year. Shares slipped 6.12 percent to $25.30 in early trading.