TOP GAINERS
Southeast Asia-based internet platform Sea Limited (SE) saw its shares gain 22% on Wednesday after reporting fourth-quarter top line that more than doubled from last year. The company also reported steady growth in its e-commerce GMV and revenues, reinforcing the confidence of investors. The guidance also did not fail to surprise investors.
For long, Latin American online trading platform MercadoLibre’s (MELI) performance have been hurt by currency volatility. However, the company showed signs of recovery in the fourth quarter results, which sent the shares up over 17% on Wednesday. Sales rose 20% to $428 million, higher than $404 million expected by analysts. Quarterly loss of 5 cents per share was also narrower than the street projection.
TOP LOSERS
Shares of fitness company Weight Watchers International (WTW) plunged 35% on Wednesday, a day after posting disappointing fourth-quarter revenue and weak outlook. Revenue came in at $330 million, compared to $349 million anticipated by analysts. The 2019 earnings forecast provided by the company also disappointed Wall Street.
Earlier in January, WTW stock had tumbled to a yearly low of $31.58 after brokerage firm JPMorgan downgraded it due to a weak start to its enrollment period.
Palm Beach Gardens, Florida-headquartered construction company Dycom Industries (DY) saw its shares tumble 30% on Wednesday as investors continued to be disappointed with its performance. The stock has tumbled 61% in the trailing 52 weeks. Though it managed to beat fourth-quarter revenue estimates, EPS of 10 cents fell short of the street target.
Medical technology company Inogen (INGN) saw its shares decline over 20% on Wednesday, spurred by disappointing quarterly results. The poor performance added to a bearish report published by Citron Research a few days back.