Earnings News

Pre-market Movers For March 26 (BA, BBRY, ZIOP, PLCE, CLMT, GMAN, PATH)

Gainers:

Boeing Co. (BA) is gaining 0.29 percent to $85.13 amidst the news that it commenced 787 Dreamliner test flight after installing a new battery system following the grounding of the planes earlier this year on some battery issues.

BlackBerry (BBRY) is rising nearly 3 percent to $14.65.

Decliners:

ZIOPHARM Oncology, Inc. (ZIOP) is plunging 62 percent to $1.94 following the announcement that its Phase 3 trial of palifosfamide or ZIO-201 for the treatment of metastatic soft tissue sarcoma in the first-line setting (PICASSO 3) did not meet its primary endpoint of progression-free survival.

The Children's Place Retail Stores, Inc. (PLCE) is down 5 percent to $43.49. The company's fourth quarter profit and net sales improved from the prior year and topped Wall Street view. The company forecast first quarter non-GAAP earnings below analysts' estimate stating that unfavorable weather and weak macro-economic environment have affected consumer spending quarter-to-date. The company also guided fiscal 2013 non-GAAP earnings below analysts' prediction.

Calumet Specialty Products Partners LP (CLMT) is down 5 percent to $37.11 based on the news about a public offering of 5.25 million common units.

Gordmans Stores, Inc. (GMAN) is falling 10 percent to $12.82. The company's fourth quarter profit declined from the prior year period, but was above Wall Street view. Total revenues for the quarter rose 9.4 percent, but was slightly below the consensus estimate. Comparable store sales for the quarter dropped 4.1 percent.

NuPathe, Inc. (PATH) is down 7 percent to $3.40. The company's fourth quarter net loss widened significantly from the year-ago quarter due to a non-cash charge for a deemed dividend related to the preferred stock issued in October 2012.

by RTTNews Staff Writer

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