Actuate Corp Dives After Missing Expectations on Results

Actuate Corp Dives After Missing Expectations on Results

This Friday’s top midday gainers are Agnico Eagle Mines Ltd (NYSE:AEM), SBA Communications Corporation (NASDAQ:SBAC) and Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL). The losers are Actuate Corp (NASDAQ:BIRT), Idenix Pharmaceuticals Inc (NASDAQ:IDIX) and QLogic Corporation (NASDAQ:QLGC).

Agnico Mines Surges

Today’s top gainer midday is Agnico Eagle Mines Ltd (NYSE:AEM), jumping +8.04%. The John Paulson and Ray Dalio pick’s increase is fueled by upbeat earnings results, reported yesterday.

ValueWalk’s July 2022 Hedge Fund Update: Tiger Cub Hedge Fund Shuts Down

investWelcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Andurand's oil trading profits surge, Bridgewater profits from credit, and Tiger Cub Hedge Fund shuts down. Q1 2022 hedge fund letters, conferences Read More

SBA Communications Corporation (NASDAQ:SBAC) comes in second, gaining +6.99% on the heels of its Q1 results report. This is a nice piece of news for shareholders Steve Mandel and George Soros.

Restaurant franchise Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL) surged +6.33%. The David Einhorn pick recently posted better-than-expected results and got an upgrade on its stock price.

Results Lead to Rough Day for Actuate, Idenix, QLogic

Actuate Corp (NASDAQ:BIRT) is the biggest loser of the day midday, its price falling -34.64%. The Soros holding missed expectations on earnings and revenue for Q1 2014.

At a very distant second is small-cap pharmaceutical company Idenix Pharmaceuticals Inc (NASDAQ:IDIX), down -6.5%. First quarter results were reported yesterday for this Seth Klarman investment.

Last is QLogic Corporation (NASDAQ:QLGC), also down on its results. It fell -6.05% and it is yet another Soros allocation in the red this Friday.

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