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Affymetrix Inc. (NASDAQ: AFFX) shares closed down 15.47% on about 8 million shares traded. The stock was one of the biggest decliners on the NASDAQ on Thursday. The big drop came after the company reported fourth quarter earnings results a night prior. For the quarter, Affymetrix delivered a 10% increase in year over year revenue to $92.6 million as adjusted profits improved to $0.02 per share on a 5% increase in gross margin to 59%, reversing a $0.02 per share year-ago net loss. Wall Street had been expecting only $91 million in revenue, and was looking for $0.07 in fourth-quarter EPS.
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58.com Inc. (NYSE: WUBA) shares closed up 14.89 percent on Thursday with nearly 1.4 million shares traded. The stock was one of the biggest gainers on the NYSE. The company had no significant news to explain the jump. 58.com Inc. had the largest initial public offering in the U.S. among Chinese peers in 2012. The company will seek acquisition opportunities in China to boost local information services.
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Planda (OTC: PLPL) shares closed down 16.67 percent on nearly 1.6 million shares traded on Thursday. The stock was one of the biggest decliners in the OTC marketplace. The company was featured favorably in a PR Thursday morning despite the decline. Plandaí Biotechnology, Inc. focuses on the production of proprietary botanical extracts for the nutriceutical and pharmaceutical industries.
Get more information on Planda and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/PLPL
Shutterfly, Inc. (NASDAQ: SFLY) shares closed down 10.83 percent on Thursday with about 6.1 million shares traded. The stock was one of the biggest decliners in the NASDAQ. The company reported that revenues increased 16.8%, to $410.8 million, topping estimates of $408 million, and earnings of $1.10 per share beat expectations of $1.07. CEO Jeffrey Housenbold called the quarter "a strong finish to another outstanding year," and said that the company successfully executed its strategic plan. Unfortunately with its guidance outlook, the company sees revenue of $132 to $135 million, and EPS of -$0.92 to-$0.86. Analysts had expected sales of $138.4 million on a per-share loss of -$0.42.
Get more information on Shutterfly, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/SFLY
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