Diamonds and Dogs
11/26/14
Veeva Systems Inc (VEEV)Veeva Systems is filling up investors before Thanksgiving, up 10.68% to $31.92. The cloud solutions company saw its shares skyrocket after better than expected earnings. For the quarter, revenue was up 52% to $83.6 million for earnings of $0.09 per share. Both numbers beating analysts' estimates of $78,6 million and $0.08 per share, respectively. Furthermore, for the full year Veeva raised its revenue guidance to $310.7-311.7 million. Shares of the company climbed over $3.00 per shares but are well off of their 52-week high of $44.30.
SeaDrill Limited (SDRL)
SeaDrill is drowning today, down $21.58% to $16.24. The offshore drilling company saw its shares fall after missing earnings and announcing it would suspend its dividend. For the quarter, SeaDrill announced it had earnings of $0.31 per share which significantly missed analysts' estimates of $0.68 per share. After the poor quarter, management announced that it would suspend its dividend it order to help pay off debts. Shares of SeaDrill have fallen nearly 50% this year, and fell nearly $4.50 today to a new 52-week low of $16.00 intraday.
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