Diamonds and Dogs


Kate Spade & Company (KATE)

Kate Spade & Company is on fire today up 8.51% at $37.60. The fashion apparel and accessory company saw it shares jump after better than expected earnings for the quarter. For the first quarter, management announced that it lost $0.06 per share, which was slightly worse than the $0.04 loss that analysts were expecting. The good news came in revenues which grew 33% to $328 million, easily beating analysts' estimates of $201.3 million. Furthermore, the company announced that it plans to open 80 new stores this year. Shares of Kate Spade climbed nearly $3.00 today but are still below their 52-week low of $40.75.

Enzymotec Ltd. (ENZY)

Enzymotec is crashing and burning today, down 32.03% to $13.75. The biofunctional lipid company saw its shares tank after missing on earnings. For the quarter, Enzymotec announced earnings of $0.24 per shares beating estimates of $0.17 per shares. The company missed on revenues, announcing $17.9 million while Wall Street expected $19.4 million. Shares of Enzymotec fell over $6.40 today to a new 52-week low of $13.60.

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.