Diamonds and Dogs
11/6/14
Planar Systems Inc. (PLNR)Planar Systems is lighting up today, up 72.84% to $6.40. The electronic display and LCD display company saw its shares pop after beating earnings estimates. For the first quarter, Planar announced a 17% increase in revenue, which came in at $53.6 million. Analysts' were expecting the company's revenue to be around $48.5 million. Furthermore, earnings per share was $0.14; again beating Wall Street's forecast of $0.09 per share. Shares of Planar were up over $2.50 today and hit a new 52-week high of $7.05.
Solazyme Inc. (SZYM)
Solazyme Inc is getting crushed today, down 55.65% to $3.32. The renewable oil and bio-product company saw its shares lose over half of their value after missing third quarter earnings and problems with their new plant production. Solazyme lost $39.5 million and missed analysts' estimates for revenue. Making matters worse was news that their new plant in Brazil is having production issues and higher costs than anticipated. Shares of Solazyme hit a new 52-week low of $3.25 intraday.
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