Diamonds and Dogs
9/28/12Gentiva Health Services Inc. (GTIV)
Gentiva Health is making investor feel sick today, down 4.07% at $11.32. The healthcare company saw its shares diminish after revenue was announced lower than expectations. The company announced revenue of $427.7 million versus analysts' estimates of $436.2 million. Furthermore, GAAP reported sales were 4.7% lower than the last year's quarter of $448.7 million. One positive note from Gentiva's earnings was the company beat EPS estimates with room to spare. EPS came in at $0.35 per share versus estimates of $0.28 per share. Gentiva is trading at nearly five times its 52-week low of $2.81.
Azz Inc. (AZZ)
Azz Inc. is shocking investors today, up 9.15% at $37.94. The electrical equipment maker saw its shares get a spark after releasing better than expected quarterly results. Azz released an EPS of $0.62 versus analysts' consensus of $0.52. Revenue at its galvanizing business jumped 24% and electrical and industrial products revenue doubled. The positive quarter also caused the company to increase their full year forecast. Management now sees 2013 adjusted EPS of $2.25-$2.40 on revenue of $575 million-$600 million, versus its prior view of $2.05-$2.15 and $550 million-$575 million. Azz broke through its previous 52-week high by more than $2.00 giving investors a jolt of optimism.