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3 Stocks to Watch on Tuesday: Amphastar Pharmaceuticals Inc (AMPH), Coupa Software Inc (COUP) and Kronos Worldwide, Inc. (KRO)

Karl Utermohlen

U.S. equities were mixed Monday following Friday’s jobs report, which showed strong payroll growth and modest wage gains. The S&P 500 Index slipped 0.1%, the Dow Jones Industrial Average fell 0.6% and the Nasdaq Composite gave back 0.4%.

3 Stocks to Watch on Tuesday: Amphastar Pharmaceuticals Inc (AMPH), Coupa Software Inc (COUP) and Kronos Worldwide, Inc. (KRO)

Yesterday’s after-hours news included quarterly earnings reports from Amphastar Pharmaceuticals Inc (NASDAQ:AMPH), Coupa Software Inc (NASDAQ:COUP) and Kronos Worldwide, Inc. (NYSE:KRO).

Here’s what you should know:

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Amphastar Pharmaceuticals Inc (AMPH)

Amphastar shares were higher yesterday as the company posted strong quarterly results.

For its fourth quarter, the specialty pharmaceutical company unveiled GAAP net income of $1.5 million, or 3 cents per share. its adjusted non-GAAP net income was $4.8 million, or 10 cents per diluted share.

Revenue for the period came in at $60.4 million, while net revenue for the full year amounted to $240.2 million. Full-year GAAP net income was $4.5 million, or 9 cents per diluted share, while adjusted non-GAAP net income was $18.2 million, or 38 cents per diluted share.

“2017 was a tremendous year for Amphastar,” Dr. Jack Zhang, Amphastar’s CEO, said. “The five approvals we received in 2017 put us in a position for strong growth in 2018 and are a reflection of the strength of our research and development capabilities.”

AMPH stock gained 2% after the bell Monday.

Coupa Software Inc (COUP)

Coupa Software stock was also higher on the company’s latest quarterly results.

The cloud solutions provider posted net revenue of $53.8 million for the period, which topped analysts’ expectations of $49 million, while also surging 41% compared to the year-ago quarter.


Coupa Software posted adjusted earnings of 2 cents per share, beating the Wall Street consensus estimate of a loss of 15 cents per share. In the year-ago quarter, the company reported a loss of 5 cents per share.

For its current quarter, the company is calling for a loss of 12 cents per share, which is in line with expectations. Coupa Software predicts revenue of about $51 million, $2 million above analysts’ guidance.

COUP shares popped 2.2% after hours yesterday.

Kronos Worldwide, Inc. (KRO)

Kronos Worldwide shares were sinking on the company’s earnings report.

The titanium dioxide pigments manufacturer reported fourth-quarter net income of $47.4 million, or 41 cents per share, topping the year-ago net income of $23.2 million, or 20 cents per share.

For the full year, the company earned $354.5 million, or $3.06 per share, topping the year-ago net income of $43.4 million, or 37 cents per share. Revenue came in at $453.3 million for Kronos Worldwide’s fourth quarter, 36% higher than in the year-ago quarter.

For the fiscal year 2017, the company reported revenue of $1.7 billion, marking a 27% increase compared to the year-ago quarter.

KRO stock plummeted 8% after Monday’s market close.

As of this writing, Karl Utermohlen did not hold a position on any of the aforementioned securities.

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The post 3 Stocks to Watch on Tuesday: Amphastar Pharmaceuticals Inc (AMPH), Coupa Software Inc (COUP) and Kronos Worldwide, Inc. (KRO) appeared first on InvestorPlace.