JDS Uniphase (JDSU) shares fell as much as 7.6 percent in extended trading Tuesday after the network equipment maker disappointed the Street by issuing downside guidance for Q1/(Sep) adjusted revenue and profit below expectations. The firm sees Q1 ending Sept. 27, EPS of $0.08-$0.12 excluding non-recurring items, versus $0.15 estimate on net revs of $405-$425 million versus $441.2 million. Shares of JDS Uniphase closed at $11.91 on Tuesday. The stock is down 8.28% year-to-date and currently trading at $11.11/share.
King Digital Entertainment (KING) nosedived as much as 26 percent after the firm reported lower-than-expected Q2 revenue on Tuesday. The maker of the popular mobile game ‘Candy Crush’ said revenue came in at $593.5 million missing analysts’ projections of $605.7 million. EPS registered $0.59 versus $0.60. KING slumped 22 percent to $14.20 at 5:22 a.m. ET in New York after closing at $18.20.
Shares of Fossil Group Inc (FOSL) fell more than 2 percent in premarket hours despite quarterly earnings report that beat both top and bottom lines. Fossil reported second-quarter EPS of $0.98, $0.02 better than consensus estimates of $0.96. Revenues came in 9.6% higher year-over-year to $774 million versus $771.25 million consensus. For the year, the company that designs watches, jewelry, handbags and clothing issued EPS estimate to $6.95 – $7.35 on net sales growth of 8.75% – 10%. That compares to its previous EPS/estimate for a profit of $6.90 – $7.30 on net sales growth of 8% – 10%. Shares of Fossil Group closed at $102.25 on Tuesday. The stock is down 14.75% year-to-date and currently trading at $99.99/share.
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