Diamonds and Dogs
8/1/13Hanger Inc. (HGR)
Hanger Inc. is stumbling today, down 14.00% at $31.75. The orthotic and prosthetic company saw its shares fall after releasing earnings. For the quarter, Hanger management announced revenue of $273.7 million and an EPS of $0.52. Revenues were in line with analyst estimates, however EPS missed analysts' estimates by $0.04. Furthermore, gross margin came in at 36.9% which is 100 basis points worse than last year. The miss on earnings per share, scared some investors off especially because revenues were on point. Hanger shares lost nearly $5.50 today, but are well above their 52-week low of $22.38.
Yelp Inc. (YELP)
Yelp is trading in the green today, up 23.21% at $51.50. The online urban city guide company saw its shares pop after better than expected earnings. Yelp reported revenue of $55.0 million and earnings per share of $0.07. Both beat analysts' estimates of $53.3 million and $0.03 respectively. Yelp shares gained nearly $10.00 today and reached a new 52-week high of $52.76 intraday.
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