Diamonds and Dogs

8/1/13

Hanger 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.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.