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2 Stocks Move on Thursday

- By Omar Venerio

Shares of Ciena Corp. (CIEN) jumped more than 7% on Thursday after the company posted fourth-quarter earnings of 53 cents per share on $899.36 million in revenue, a 20.8% year-over-year growth. The company beat earnings estimates by 5 cents and revenue expectations by $37.72 million.

"The combination of our innovation strength, successful interception of market trends and sustained ability to take share and outperform the market, along with a thriving industry environment, gives us tremendous confidence in both the near and longer term outlook for our business," President and CEO Gary B. Smith said.


R evenue from North America grew 26.1% from the prior-year quarter to $555.3 million . In Europe, the Middle East and Africa , revenue increased 11.2% to $123.1 million. In the Caribbean and Latin America, revenue climbed 21.8% to $53 million. In Asia Pacific, revenue was $168 million, up 12.2%.

The g ross margin was 44.3% , an increase from 43.7% registered in the year-ago quart er. The a djusted earnings before interest, taxes, depreciation and amortization was $145.8 million, up from $109.7 million .

Further, d uring fiscal 2018, the company repurchased 4.3 million shares for an average price of $25.86 per share, accounting for an aggregate price of $111 million .

Shares of Tailored Brands Inc. (TLRD) plummeted 30 % on Thur s day after announcing third -quarter results on Wednesday. The company posted earnings of $1.01 per share on $ 812 . 75 m illion in revenue , a 0 . 2 % increase from the prior-year quarter . The company beat earnings estimates by 7 cents, but fell $ 6 . 74 million short of revenue expectations.

The g ross margin was 44.6% of sales, or $362.7 million, increasing by $4 million as a result of higher retail clothing product sales.

Looking ahead to the fourth quarter , the company expects an adjusted loss of 24 cents to 29 cents per share. For the year, Tailored Brands projects adjusted diluted earnings between $2.30 and $2.35 per share, up from the previous guidance of $2.35 to $2.50.

D isclosure: The author holds no positions in any stocks mentioned .

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This article first appeared on GuruFocus.