Stage Stores (SSI) Lowers Profit Outlook; Ionis Pharmaceuticals (IONS) Sees Significant Financial Growth
Shares of Stage Stores, Inc. (NYSE:SSI) slumped more than 6% to touch a new 52-week low in after-hours trading Friday as the company lowered its earnings outlook, citing a decline in holiday comparable sales.
For the fourth quarter fiscal 2016, Stage Stores said that it now expects earnings per diluted share (EPS) in the range of $0.20 to $0.35, compared to the previously reported EPS guidance range of $0.65 to $0.90. Analysts at Wall Street were expecting earnings per share of $0.74 for the period.
SSI stock closed at $4.00, down $0.11 (or -2.79%) with a total volume of 817,734 shares traded during the day.
Stage Stores, which operates as a specialty department store retailer in small and mid-sized towns and communities in the U.S., has 27.17M shares outstanding, market capitalization (intraday) of $108.68M and SSI stock one-year range is from $4.00 to $9.00 per share.
Ionis Pharmaceuticals Inc. (Nasdaq:IONS) shares surged 1.57% (or +$0.74) to $47.83 on Friday after the company and its subsidary Akcea Therapeutics announced a collaboration and option deal – valued at significantly more than $1 billion – with Swiss-based pharma giant Novartis AG (NYSE:NVS) to license two investigational antisense therapies – AKCEA-APO(a)-LRx and AKCEA-APOCIII-LRx – that have the potential to lower levels of lipoproteins Lp(a) and ApoCIII in the blood, thereby reducing the risk of certain cardiovascular diseases.
Ionis said after the closing-bell that it sees ending 2016 with pro forma net operating income ranging from low to mid $20 million, representing a significant growth as compared to its original outlook of a pro forma net operating loss in the low $60 million range.
Ionis Pharmaceuticals, a RNA-targeted drug discovery and development company, has 121.20M shares outstanding, market capitalization (intraday) of $5.62B and IONS stock one-year range is between $19.59 and $59.04 per share.
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