Shares of Lumber Liquidators Holdings, Inc. (LL) are plunging by 18.36% to $14.99 at the start of trading on Wednesday morning in reaction to disappointing results and uncertain guidance. The flooring maker handed in 2Q/15 earnings of ($0.75) per share on revenue of $247.9 million, missing Wall Street estimates of $0.03 per share on revenue of $258.36 million. Net loss was $20.3 million, or a loss of $0.75 per share (diluted). That compares with a profit of $16.6 million, or $0.60 per share, in 2Q/14. The company said sales at stores open at least a year fell 10 percent. It also said that at this time it was unable to provide an outlook for the full fiscal 2015.
LL currently prints a one year loss of about 67% and a year-to-date loss of more than 72%.
Shares of Kforce Inc. (KFRC) are higher by 20.23% to $27.87 in morning trading on Wednesday after the company reported its second quarter earnings results.
The Tampa, Florida-based staffing firm reported earnings of $0.41 per share on revenues of $337.4 million, up 7.9% from a year ago. Analysts were expecting EPS of $0.35 on revenues of $332.91 million.
For the current quarter ending in October, Kforce provided EPS guidance of $0.45-$0.47 versus consensus of $0.41 per share. The company also issued revenue projection of $344-$349 million, compared to the consensus revenue estimate of $343.22 million.
Kforce shares are currently printing a year-over-year return of about 18% and a year-to-date loss of around 3%.
Shares of AmSurg Corp. (AMSG) are skyrocketing by 15% to $83.83 on heavy volume at the start of trading on Wednesday morning after it reported fiscal-second quarter earnings.
The ambulatory surgery center operator handed in earnings of $0.97 per share on revenue of $707.7 million, beating Wall Street estimates of $0.84 per share on revenue of $613.12 million.
AmSurg guided FY15 revenues of $2.50-2.52 billion, as compared to analysts’ expectations of $2.46 billion. The management also gave its bottom line range of $3.52-$3.59 per share, against projections of $3.36 per share.
Shares of SolarCity Corporation (SCTY) are up $1.66, or 2.81%, at $60.66, after the company this morning announced its first international acquisition by agreeing to pay over $15 million for an Mexican project developer, Ilioss, one of the largest commercial and industrial solar developers in Mexico.
SolarCity said Mexico’s combination of high electricity rates, favorable solar economics and massive solar resources makes it one of the most promising solar markets in the world.
Shares of One Horizon Group, Inc. (OHGI) are down 30% this morning following the company’s announcement of the pricing of $3 million public offering of common stock and warrants. One Horizon Group said it intends to use the net proceeds from this offering for working capital and general corporate purposes.
The offering is expected to close on or about August 10, 2015.