12:15 PM New York – Advanced Semiconductor Engineering said revenues in the third-quarter slid. Honeywell and PPG Industries lowered earnings per share forecast. Helen of Troy net soared 16%. Mistras Group net fell 4%. Ruby Tuesday net loss widened. Snapchat plans for $25 billion IPO.
Tollbooth Index slipped 64.85 or 0.6% to 10,877.48.
Advanced Semiconductor Engineering
) slid 4 cents to $5.97 after Taiwan-focused semiconductor packaging and testing services provider said net revenues in the month of September declined 0.6% from a year ago to $864 million.
Net revenues in the month in the ATM assembly testing and material segment soared 11.5% to $461 million.
In the third-quarter net revenues fell 0.1% from a year ago to $2.29 billion while net revenues for the ATM assembly testing and material segment jumped 7.6% from a year ago to $1.35 billion.
Honeywell International Inc
) plunged 7.7% or $8.90 to $106.69 after the industrial conglomerates lowered earnings per share forecast in the third-quarter of about $1.60 from earlier estimated to $1.60 per share.
In the fourth-quarter, the industrial conglomerates forecasted earnings per share between $1.74 and $1.78, a growth of 10% to 13% from a year ago period
In the full-year, earnings per share estimated to jump between 8% and 9% or $6.60 to $6.64 from a year ago.
Helen of Troy Limited
) declined 5.5% or $4.77 to $82.10 after the Bermuda-based consumer products importer and distributor reported revenues in the second-quarter ending in August fell 0.3% from a year ago to $368.2 million.
Net income in the quarter soared 15.9% to $28.4 million or $1 per diluted share compared to the $24.5 million or 84 cents per share from the same quarter last year.
In fiscal 2017, the distributor forecasted revenues in the range of $1.55 billion to $1.59 billion and reaffirmed diluted earnings per share between $4.37 and $4.77.
Mistras Group Inc
) tumbled 10.3% or $2.40 to $20.90 after the asset protection solution provider said revenues in the first-quarter ending in August declined 6% from a year ago to $168.4 million.
Net income in the quarter dropped 4.3% to $6.6 million or 22 cents per diluted share compared to the $6.9 million or 23 cents per share from the same quarter last year.
PPG Industries, Inc
) slumped 9.1% or $9.28 to $92.95 after the paint and coatings maker lowered earnings per share estimate in the third-quarter and said loss per share in the range of 74 cents to 77 cents compared to the reported earnings per share of $1.52 in the same period a year ago.
PPG said net sales in the third-quarter forecasted of about $3.8 billion.
Ruby Tuesday, Inc
) plummeted 17.1% or 43 cents to $2.08 after the casual restaurants operator said stated total revenues in the first-quarter ending in August plunged 8.2% from a year ago to $256.7 million.
Same-restaurant sales in the quarter slipped 2.7%.
Net loss in the quarter widened to $39.7 million or 66 cents per diluted share compared to the $4.2 million or 7 cents per share from the same quarter last year.
, after Wall Street Journal reported that the parent company of online photo and video app provider plans for initial public offering by late March that could value the “Snapchat” for about $25 billion with approx 58 million users.
Earlier this year, “Snapchat” reported it expected revenue in the fiscal 2016 in the range of $250 million to $350 million and about $1 billion in fiscal 2017.