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STOCK MOVERS

U.S. Movers: American Eagle, Autodesk, Nutanix, Splunk, Royal Bank of Canada


Author: Mukesh Buch
ticker.com
Last Update: 6:11 AM ET November 30 2016

12:10 PM New York American Eagle plunged after the retailer lowered earnings forecast. Autodesk, Nutanix said net loss widened. Royal Bank of Canada profit slid 2% but revenues surged 16%. Titan Machinery net plunged 91%.

Tollbooth Index slumped 46.19 or 0.4% to 11,080.96.

Earnings Review

American Eagle Outfitters (AEO) tumbled 11.2% or $2.11 to $16.80 after the specialty retailer reported total net revenues in the third-quarter ending on October 29 increased 2% from a year ago to $941 million.

Comparable store sales in the quarter advanced 2%.

Net income in the quarter rose 2.2% to $75.8 million or 41 cents per diluted share compared to the $74.1 million or 38 cents per share from the same quarter last year.

The retailer lowered earnings per share forecast in the fourth-quarter between 37 cents to 39 cents compared to reported earnings per share of 42 cents in a year ago period.

American Eagle estimated comparable sales in the range of flat to a low single digit increase.

Autodesk, Inc (ADSK) declined 5.7% or $4.32 to $70.94 after the application software and services provider said revenues in the third-quarter ending in October plunged 18.4% from a year ago to $489.6 million.

Net loss in the quarter widened to $142.8 million or 64 cents per diluted share compared to the $43.8 million or 19 cents per share from the same quarter last year.

In the year, Autodesk forecasted revenues between $2.012 billion and $2.032 billion and diluted loss per share in the range of $2.77 to $2.67.

Nutanix Inc (NTNX) slumped 3.9% or $1.33 to $32.76 after the enterprise cloud platform provider reported revenues in the first-quarter ending in October jumped 90.1% from a year ago to $166.8 million.

Net loss in the quarter widened to $162.2 million or $2.18 per diluted share compared to the $38.8 million or 90 cents per share from the same quarter last year.

Nutanix said total operating expenses in the quarter soared 160% to $233.4 million and total cost of revenue advanced 84.2% to $97.1 million.

Royal Bank of Canada (RY) dropped 2.3% or $1.57 to $65.48 after Canada-based banking and financial services provider said total revenues in the fourth-quarter ending in October surged 15.7% from a year ago to $9.3 billion.

Net income in the quarter fell 1.9% to $2.5 billion or $1.65 per diluted share compared to the $2.6 million or $1.74 per share from the same quarter last year.

Splunk Inc (SPLK) jumped 4.6% or $2.61 to $59.99 after the operational software solutions provider stated total revenues third-quarter ending in October soared 40% from a year ago to $244.8 million.

Net loss in the quarter widened to $93.5 million or 69 cents per diluted share compared to the $72.97 million or 57 cents per share from the same quarter last year.

Splunk lifted revenues forecast in the fiscal year between $930 million and $932 million compared to the earlier estimated range of $910 million to $914 million.

Titan Machinery Inc (TITN) advanced 4.1% or 52 cents to $13.48 after the agricultural and construction equipment provider said revenues in the third-quarter ending in October dropped 3.7% from a year ago to $332.3 million.

Net income in the quarter tumbled 91.2% to $0.3 million or 1 cent per diluted share compared to the $3.4 million or 16 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