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STOCK MOVERS

U.S. Movers: Bats Global, Carnival, Cal-Maine, Pfizer, Vail Resorts


Author: Mukesh Buch
ticker.com
Last Update: 3:50 AM ET September 26 2016

2:00 PM New York BATS Global agreed to be acquired by rival CBOE for $3.2 billion. Carnival net surged 16% on 5% jump in revenues. Cal-Maine net swung to a loss after sales plunged 61%. Pfizer said it will not split at this time. Vail Resorts net loss narrowed and revenues soared 11%.]

Tollbooth Index fell 65.19 or 0.6% to 10,982.42.

Earnings Review

BATS Global Markets Inc (BATS) declined 3.3% or $1.06 to $30.74 after the trading exchanges operator agreed to be acquired by rival Chicago Board Options Exchange for about $3.2 billion in a cash and stock.

The transaction is expected to close in the first-half of next year.

Carnival Corp (CCL) slumped 1.9% or 93 cents to $46.38 after the leisure travel group reported revenues in the third-quarter ending in August advanced 4.5% from a year ago to $5.1 billion.

Net income in the quarter surged 16.4% to $1.42 billion or $1.93 per diluted share compared to the $1.22 million or $1.56 per share from the same quarter last year.

On Friday the leisure travel services provider said its China-based subsidiary China State Shipbuilding Corp and Italy-based Fincantieri S.p.A. signed an agreement to order its first China-made cruise ships built for domestic market with a launch date in 2022.

Cal-Maine Foods Inc (CALM) dropped 2.5% or $1.17 to $41 after shell eggs producer said net sales in the first-quarter ending on August 27 plunged 60.7% from a year ago to $239.8 million.

Net in the quarter swung to a loss of $30.9 million or 64 cents per diluted share compared to the profit of $143 million or $2.95 per share from the same quarter last year.

Pfizer Inc (PFE) slipped 1.5% or 52 cents to $33.74 after the biopharmaceutical group said that the company is in best position in its current structure and will not split Pfizer Innovative Health and Pfizer Essential Health into two separate publicly-traded companies at this time.

Pfizer said the decision will not impact on its financial forecast for fiscal 2016 and reaffirmed its guidance which was issued on August 2.

Vail Resorts, Inc (MTN) decreased 1.9% or $2.98 to $157.58 after the hotels and resort operator reported total net revenue in the fourth-quarter ending in July soared 10.9% from a year ago to $179.9 million.

Net loss in the quarter narrowed to $65.3 million or $1.80 per diluted share compared to the $70.1 million or $1.92 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