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STOCK MOVERS

U.S. Movers: Anthem, Centrus Energy, Elbit, G-III Apparel, Mattress Firm


Author: Mukesh Buch
ticker.com
Last Update: 12:44 PM ET March 22 2016

12:20 PM New York – Anthem sued Express Scripts Holding for price gouging. Centrus Energy net loss in the quarter widened. CIFC net swung to a loss. Elbit Systems net surged 43%. G-III Apparel net plunged 14%. Mattress Firm net more than doubled.

Tollbooth Index fell 13.16 to 10,666.62.

Earnings Review

Anthem Inc (ANTM) fell 31 cents to $139.59 after the health benefits provider filed a lawsuit against its pharmacy benefit management services promoter Express Scripts Holding Company to recover the pricing-related damages.

In a Federal Court in New York, Anthem sued “to recover damages for pharmacy pricing that is higher than competitive benchmark pricing,” and filed a “declaration of rights to terminate the contract with Express Scripts” which is scheduled to expire in 2019.

Centrus Energy Corp (LEU) surged 35.4% or 84 cents to $3.21 after the uranium supplier stated revenues in the fourth-quarter ending in December soared 28% from a year ago to $157.9 million.

Net loss in the quarter widened to $101.8 million or $11.19 per diluted share compared to $42.3 million or $4.70 per share from the same quarter last year.

The uranium supplier estimated SWU and uranium fiscal 2016 revenues in the range of $250 million to $275 million and total revenue between $275 million and $300 million.

The company also forecasted cash and cash equivalents balance in the year in a range of $200 million to $250 million.

CIFC LLC (CIFC) jumped 5.2% or 38 cents to $7.63 after the investment company said total revenues in the fourth-quarter ending in December surged from a year ago to $31 million.

Net loss in the quarter swung to a $7.7 million or 29 cents per diluted share compared to profit of $0.8 million or 3 cents per share from the same quarter last year.

Elbit Systems Ltd (ESLT) gained 1.9% or $1.74 to $92 after the Israel-based defense and homeland security provider reported revenues in the fourth-quarter ending in December jumped 4.3% from a year ago to $886.6 million.

Net income in the quarter surged 43.2% to $63 million or $1.47 per diluted share compared to $44 million or $1.03 per share from the same quarter last year.

G-III Apparel Group, Ltd (GIII) tumbled 20.3% or $11.20 to $44.03 after the apparel maker said net sales in the fourth-quarter ending in January rose 3% from a year ago to $527.4 million.

Net income in the quarter plunged 14% to $8 million or 17 cents per diluted share compared to $22.2 million or 48 cents per share from the same quarter last year.

In fiscal 2017, G-III forecasted net sales of about $2.56 billion and net income between $120 million and $125 million and diluted earnings per share in the range of $2.55 to $2.65.

Mattress Firm Holding Corp (MFRM) plunged 14.6% or $6.22 to $36.47 after the mattress retailer reported sales in the fourth-quarter ending on February 2 increased 3.4% from a year ago to $618.6 million.

Comparable store sales in the quarter jumped 1.9% and said comparable store sales growth of tenth consecutive quarter and sixth consecutive year.

Net income in the quarter more than double to $13.3 million or 37 cents per diluted share compared to $6.6 million or 19 cents per share from 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