Top Ships (TOPS) Reveals Over Two-fold Revenue Growth; WebMD Health (WBMD) to Evaluate Strategic Options
Shares of Top Ships Inc. (Nasdaq:TOPS) climbed more than 15% in the extended session Thursday after the company reported in a regulatory filing ( 6-K ) with the U.S. Securities and Exchange Commission (SEC) its unaudited annual financial results, highlighted by strong growth in revenue and a narrower loss.
For the full-year 2016, Top Ships posted revenues of $28.43 million, a 117.45% increase year over year, and net loss – attributable to common shareholders – of ($351,000), or ($0.09) per diluted share, compared to net loss of ($8.51) million, or ($4.21) per diluted share in the same period the prior year.
TOPS stock closed at $3.00, up $0.81 (or +36.99%) with a total volume of 1.39M shares traded, representing a large increase in activity versus its average volume (3m) of 515,210 shares
TOP Ships, which provides seaborne transportation services worldwide, has 5.69M shares outstanding, market capitalization (intraday) of $17.08M and TOPS stock 52-week range is between $1.45 and $8.40 per share.
WebMD Health Corp. (Nasdaq:WBMD) shares surged over 3% in after-hours trading Thursday as the company delivered stronger than-expected profits in its quarterly financial results and said that it will undertake a full strategic review of all alternatives – including the sale of itself – with financial advisors, aiming to maximize shareholder value.
For the fourth quarter 2016, WebMD posted revenue of $207.5 million, an 8% increase year over year, and net income of $36.2 million, or $0.73 per diluted share compared to net income of $27.5 million, or $0.60 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $0.67 earnings per share on revenues of $206.87 million for the period.
WBMD stock finished the regular session in positive territory by 0.39% (or +$0.20) at $51.51 and 1.40M of its shares changed hands during the day.
WebMD Health, a provider of health information services, has 37.60M shares outstanding, market capitalization (intraday) of $1.94B and WBMD stock one-year range is from $48.10 to $67.55 per share.
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