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HOME > Markets >After Hours Report >BBBY -13% following...
after-hours-report
After Hours Report Archive
Last Update: 11-Apr-18 16:42 ET
BBBY -13% following earnings/guidance; QNST +20% following guidance
A two-session rebound came to an end on Wednesday, as an imminent U.S. strike on Syria gave equity investors cause for pause. The Dow Jones Industrial Average led the major averages lower, ending with a loss of 0.9%, while the S&P 500 and the Nasdaq Composite finished lower by 0.6% and 0.4%, respectively. The small-cap Russell 2000 outperformed, however, finishing with a gain of 0.2%.

Today after the close the following companies are scheduled to report: AGX, BBBY.

Futures are mixed lower after hours: S&P 500 futures are +0.25 from the fair value of 2642 and Nasdaq100 futures are -0.75 from fair value of 6594.

Tomorrow morning, economic reports scheduled to be released include: Export Prices ex-ag. (08:30am ET, Consensus NA vs. 0.2% in the prior month), Import Prices ex-oil (08:30am ET, Consensus NA vs. 0.5% in the prior month), Initial Claims (08:30am ET, Consensus 230K vs. 242K in the prior week), Continuing Claims (08:30am ET, Consensus NA vs. 1808K in the prior week).

Tomorrow before the open the following companies are scheduled to report earnings: APOG, RAD, BLK, DAL, SJR, OZRK, CBSH.

In corporate news:
QuinStreet (QNST) reported that it expects to report third quarter revenue of over $115 million, which easily comes in ahead of current expectations. There were no acquisitions in the quarter.

The company said, "Our strong and improving financial performance continues to be driven by good results for our clients and media partners, and by our significant competitive advantages."

"We have reviewed the negative report published about QuinStreet by Kerrisdale Capital Management and feel compelled to respond given its invalid claims and conclusions, and its negative impact on our stock price. QuinStreet management has never been contacted by Kerrisdale. We are disappointed they would make such sweeping claims without contacting us. Kerrisdale claims are inaccurate, out-of-context and exaggerated, and their conclusions about our prospects are demonstrably wrong."
A two-session rebound came to an end on Wednesday, as an imminent U.S. strike on Syria gave equity investors cause for pause. The Dow Jones
 
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