Stocks To Watch For April 1 (KKD, CBK, XRTX, OMER, EXFO)
Some of the stocks that may grab investor focus today are:
Krispy Kreme Doughnuts Inc (NYSE: KKD) reported a Q4 loss at $1.5 million, or $0.02 per share, versus a profit of $500,000, or $0.01 per share, in the year-earlier period. The company's sales increased about 6% to $91.7 million. However, analysts were estimating a profit of $0.04 per share on sales of $93 million. KKD shares dipped 9.09% to $6.40 in after-hours trading.
Christopher & Banks Corp (NYSE: CBK) issued weaker-than-expected FQ4 projections. The retailer projects to post a loss of $0.47 to $0.51 per share on sales of $99.6 million. However, analysts were expecting a loss of $0.31 per share on sales of $100 million. CBK shares dropped 3.24% to $6.27 in the after-hours trading session.
Xyratex Ltd (NASDAQ: XRTX) reported its Q1 adjusted net income at $7.5 million, or $0.24 per share, versus $29.4 million, or $0.96 per share, in the year-ago quarter. The company's revenue surged 13% to $360.5 million. However, analysts were projecting earnings of $0.27 per share on revenue of $374.86 million. XRTX shares fell 6.81% to $10.40 in after-hours trading.
Omeros Corp (NASDAQ: OMER) reported disappointing late-stage clinical trial results for its OMS103HP drug, which is developed to help patients recover from ankle surgery. The company reported that the drug failed to meet the pre-specified endpoints of its late-stage clinical trial. OMER shares tumbled 38.12% to $4.95 in the after-hours trading session.
EXFO Inc (NASDAQ: EXFO) issued weaker-than-expected projections for the current quarter. The company expects FQ3 earnings of $0.01 to $0.05 per share on revenue of $67 million to $72 million. However, analysts were projecting earnings of $0.11 per share on revenue of $73.2 million. For the fiscal second quarter, the company's earnings, excluding items, came in at $0.08 per share, versus analysts' estimates of $0.11 per share. EXFO shares dipped 8.23% to $10.03 in after-hours trading.
