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STOCK MOVERS

U.S. Movers: BeyondSpring, CohBar, CME Group, International Speedway, Switch


Author: Mukesh Buch
ticker.com
Last Update: 12:09 PM EDT April 03 2018

11:55 AM New York City, New York BeyondSpring net loss widened on higher research and development expenses. CohBar net loss doubled. CME Group reported strong trading volumes. International Speedway net surged. Switch Inc net loss widened.

Tollbooth Index increased 0.5% to 14,369.93 and for the year increased 4.4%.

Earnings Review

BeyondSpring Inc (BYSI) increased 1.2% or 32 cents to $26.97 after the immuno-oncology drug maker reported net loss in the year ending in December widened to $15.5 million or 68 cents per diluted share from $3.5 million or 21 cents per share in the same period a year ago.

The biopharmaceutical company said research and development expenses in the year surged $88.9 million from $10.4 million in the same period a year ago.

CohBar Inc ((COB.U)) jumped 6.2% or 32 cents to $5.50 after the therapeutic drugs maker stated net loss in the year ending in December widened to $2.8 million or 7 cents per diluted share from $1.7 million or 5 cents per share in the same period a year ago.

CME Group Inc (CME) gained $1.06 to $158.76 after the trading services provider said average daily volume in the first-quarter ending in March increased 30% to record high of 22.2 million.

Equity index volume in the first-quarter increased to record 4.1 million contracts per day, jumped 48% and copper futures and options average daily volume soared 44% to 137,000 contracts from a year ago period.

International Speedway Corp (ISCA) declined 9% or $3.85 to $38.80 after the motorsports events operator reported revenues in the first-quarter ending in February rose 0.6% from a year ago to $148.9 million.

Net income in the quarter surged to $169.3 million or $3.83 per diluted share from $21.3 million or 47 cents in the same quarter last year.

In fiscal 2018, the motorsports events operator estimated capital expenditures between $120 million and $130 million, including ISM Raceway and Richmond Raceway projects.

International Speedway forecasted fiscal 2018 revenues in the range of $680 million to $695 million and operating margin between 15.5% and 16.5% and diluted earnings per share in the range of $1.90 to $2.10.

Switch Inc (SWCH) tumbled 12.8% or $2.03 to $13.82 after the data centers operator reported total revenues in the fourth-quarter ending in December surged 21% from a year ago to $99.3 million.

Net loss in the quarter widened to $66.9 million or $2.09 per diluted share from $19.8 million or 10 cents in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc