Morning Market Movers
Five Below (NASDAQ: FIVE) jumped 13.78% to $43.24 after the company reported better-than-expected fourth-quarter results. The company posted its quarterly adjusted earnings of $0.47 per share on revenue of $212 million. However, analysts were projecting earnings of $0.45 per share on revenue of $207.8 million.
China XD Plastics Company (NASDAQ: CXDC) shares gained 15.78% to $5.65 after the company reported Q4 results. China XD Plastics reported its Q4 earnings of $0.89 per share on revenue of $384.60 million.
Steelcase (NYSE: SCS) climbed 13.17% to $16.50 after the company reported better-than-expected fourth-quarter earnings. Steelcase reported its Q4 earnings of $0.18 per share, beating analysts' estimates by $0.01 per share. Raymond James upgraded the stock from Outperform to Strong Buy and lifted the price target from $17.50 to $19.00.
Yongye International (NASDAQ: YONG) climbed 12.83% to $6.77 as Full Alliance raised Yongye going private offer to $7 per share.
Movado Group (NYSE: MOV) jumped 11.59% to $46.90 after the company reported upbeat Q4 earnings and issued a strong FY15 outlook.
Youku Tudou (NYSE: YOKU) climbed 7.82% to $29.92 on a report that Tencent will take a 20% stake in Youku Tudou.
Mast Therapeutics (NYSE: MSTX) rose 5.69% to $0.76 after the company reported Q4 results and announced that t has initiated phase 2 study of MST-188 in patients with acute limb ischemia.
Avanir Pharmaceuticals (NASDAQ: AVNR) shares jumped 2.93% to $3.86 after the company reported the acceptance of NDA for AVP-825.
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