Shares of HEICO Corp. (NYSE: HEI), manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, surged in trading today after the company reported its third-quarter financial results.
HEI reported a 13% increase in third-quarter profit, driven by stronger sales from the company’s electronic technologies business. HEI’s earnings also came in ahead of Street estimates.
HEI shares rose to an intra-day high of $39.15 in trading today before finishing the day 8.88% higher at $37.89 on above average volume of 941,609.
Year-to-date, HEI shares have fallen 19% underperforming the S&P 500.
Shares of International Rectifier Corporation (NYSE: IRF), a designer, manufacturer and marketer of power management semiconductors, plunged in trading today after the company reported its fourth-quarter financial results.
IRF swung to a loss in its fourth quarter. The company’s revenue forecast for the current quarter also fell short of Street estimates.
IRF shares fell to a 52-week low of $16.24 in trading today before finishing the day 11.85% lower at $16.29 on above average volume of 1.45 million.
Year-to-date, IRF shares have fallen 16.12%, underperforming the S&P 500.
Shares of Hain Celestial Group Inc. (NASDAQ: HAIN), a manufacturer, marketer, distributor and seller of natural and organic products, surged in trading today after the company reported its fourth-quarter financial results.
HAIN reported an 82% increase in its fourth-quarter profit, and gave an upbeat outlook. The company also announced that it agreed to acquire Premier Foods Plc’s portfolio of packaged grocery brands in a cash and stock transaction.
HAIN shares rose to a 52-week high of $68.30 in trading today before finishing the day 19.08% higher at $67.77 on above average volume of 4.78 million.
Year-to-date, HAIN shares have gained 84.86%, outperforming the S&P 500.
Shares of Guess Inc. (NYSE: GES), designer, marketer, and distributor of apparel and accessories for men, women and children, plunged in trading today after the company announced its second-quarter financial results.
GES’s second-quarter income fell 29% due to ongoing weakness in Europe and lower sales in North America. The company’s Asian operations, however, saw substantial growth in the second quarter.GES also cut its full-year guidance.
GES shares fell to an intra-day low of $25.70 in trading today before finishing the day 22.63% lower at $25.95 on above average volume of 13.44 million.
Year-to-date, GES shares have fallen 12.98%, underperforming the S&P 500.
Shares of Krispy Kreme Doughnuts (NYSE: KKD), a retailer and wholesaler of doughnuts, complementary beverages and treats, and packaged sweets, rose sharply in trading today after the company reported its second-quarter financial results.
KKD’s second-quarter earnings dropped 44%. However, the company’s core earnings and U.S. same-store sales improved in the second quarter. KKD also raised its earnings forecast for the full year.
KKD shares rose to an intra-day high of $7.49 in trading today before finishing the day 5.18% higher at $7.31 on above average volume of 2.64 million.
Year-to-date, KKD shares have gained 11.77%, outperforming the S&P 500.
Shares of Hewlett-Packard Company (NYSE: HPQ), a provider of products, technologies, software, solutions and services to individual consumers, small-and medium-sized businesses and large enterprises, tumbled in trading today after the company reported disappointing third-quarter financial results.
HPQ reported a decline in its third-quarter revenue and also posted a huge loss for the quarter. The personal computer maker also expects full-year earnings to come in at low end of its previous guidance.
HPQ shares fell to an intra-day low of $17.56 in trading today before finishing the day 8.15% lower at $17.64 on above average volume of 72.66 million.
Year-to-date, HPQ shares have fallen 31.52%, underperforming the S&P 500.
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