Needham & Company Remains Bullish on Daktronics (DAKT) Despite a Sell Off Following 3Q Miss

Unusual 11 Mid-Day Movers 2/23: (NEWP) (HLX) (MOMO) Higher; (PTCT) (CHGG) (ONDK) Lower

February 23, 2016 12:58 PM EST

PTC Therapeutics, Inc. (Nasdaq: PTCT) 54.3% LOWER; announced that it received yesterday evening a Refuse to File letter from the United States Food and Drug Administration (FDA) regarding PTC's New Drug Application (NDA) for Translarna (ataluren), an oral, first-in-class, protein restoration therapy for the treatment of nonsense mutation Duchenne muscular dystrophy (nmDMD).

Newport Corporation (Nasdaq: NEWP) 51.4% HIGHER; MKS Instruments and Newport Corporation announced that they have entered into an agreement for MKS Instruments to acquire Newport Corporation for $23.00 per share. The all-cash... More

Daktronics (DAKT) Misses Q3 EPS by 6c

February 23, 2016 7:33 AM EST

Daktronics (NASDAQ: DAKT) reported Q3 EPS of ($0.04), $0.06 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $123.8 million versus the consensus estimate of $125.25 million.

Reece Kurtenbach, chairman, president and chief executive officer stated, Our third quarter is historically a lighter quarter for sales and profits due to the seasonality of our business in sports, impact of weather and outdoor construction cycles, and the decrease in production days available due to holidays in... More

Trading Radar for 2/23: Home Depot (HD), Macy's (M), Ecolab (ECL), Toll Brothers (TOL), First Solar (FSLR) Report

February 22, 2016 3:20 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
9:00am EST

Case-Shiller 20-City Index - Street sees 5.8%

Earnings:

AAC Holdings (NYSE: AAC) - consensus EPS $0.18
AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.01
ANI Pharma (Nasdaq: ANIP) - consensus EPS $0.60
ARIAD Pharma (Nasdaq: ARIA) - consensus loss $0.31
AerCap Holdings (NYSE: AER) -... More