Companies whose shares are expected to trade actively in today’s session are Herbalife Ltd. (NYSE:HLF), B&G Foods, Inc. (NYSE:BGS), Ellie Mae Inc (NYSE:ELLI), Agilent Technologies Inc. (NYSE:A), Qlik Technologies Inc (NASDAQ:QLIK) and LogMeln Inc (NASDAQ:LOGM).
Herbalife Ltd. (NYSE:HLF): Shares of the nutritional supplements company surged 12.12 percent to $42.91 in early trading. According to an SEC filing, activist investor Carl Icahn has acquired a 12.98 percent stake in the company, and soon he would meet the company’s management to discuss strategic alternatives. Icahn said Herbalife’s business model is completely legitimate. Bill Ackman has taken a massive short-position in the company, calling it a pyramid scheme that would soon collapse.
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B&G Foods, Inc. (NYSE:BGS): The company’s fourth quarter profits plunged 22 percent as the company posted debt-extinguishment and acquisition related costs, though revenues grew during the quarter. Earnings missed analysts estimates. Shares of the packaged foods manufacturer fell 7.69 percent to $29.76 in early trading.
Ellie Mae Inc (NYSE:ELLI): The mortgage-origination software maker announced that its fourth quarter earnings have more than doubled, beating Wall Street estimates. The company’s user tally and revenues were stronger than expected. Shares soared 8.86 percent to $22.73 in early market trading.
Agilent Technologies Inc. (NYSE:A): The testing equipment maker’s first quarter profits dipped 22 percent. Agilent’s revenues continue to decline and its profit margins also narrowed during the quarter. The company issued a downbeat full-year outlook. Shares plunged 2.51 percent to $43.46 in the early session.
Qlik Technologies Inc (NASDAQ:QLIK): Though the enterprise software maker’s revenues increased, its fourth quarter profits declined 15 percent. Earnings were hurt by a tax charge. However, the results were better than Wall Street estimates, and the company also issued an upbeat full-year forecast. Shares surged 19.16 percent to $27.12 in early trading.
LogMeln Inc (NASDAQ:LOGM): The IT provider’s fourth quarter profits soared 8.9 percent due to improved revenues and tax benefits. But the company’s first quarter and full-year forecasts were way below analysts’ estimates. Shares dipped 26.54 percent to $17.38