Earnings, Sales, Guidance Strong
Ascena Retail earned $0.34 a share in the fourth quarter, crushing analysts' estimates for profit of $0.21. Sales of $1.20 billion also beat the $1.17 billion consensus number, and guidance was strong. ASNA surges 14 percent before the opening bell on my tradeMONSTER platform.
Copart Falls on Weak Results
Copart reported quarterly profit of just $0.33 a share, missing the $0.40 average analyst estimate. The company also announced that it has abandoned efforts to become a real-estate investment trust. CPRT drops 10 percent in the premarket.
A Lifeline for Oncothyreon
Oncothyreon cratered in December on weak trial data for its L-BLP25 cancer compound, but is getting a major shot in the arm today after Germany's Merck KGaA decided to continue clinical development. ONTY rockets 25 percent on the news!
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