Diamonds and Dogs
7/31/13Jive Software Inc. (JIVE)
Jive Software isn't making its investors dance today, down 21.32% at $13.43. The social business software company saw its shares drop after releasing earnings and cutting guidance. For the quarter, Jive had a net loss of $17.8 million, or $0.27 per share. That compares with a loss of $11.6 million, or $0.19 per share, a year ago. For the full year, the company expects an adjusted loss of $0.59 to $0.62 per share on revenue of $144 to $146 million. Analysts were looking for an annual loss of $0.43 per share on revenue of $150 million. Jive lost over $3.50 today, but shares were able to hold up above their 52-week low of $10.63.
Questcor Pharmaceuticals Inc. (QCOR)
Questcor Pharmaceuticals is skyrocketing today, up 28.68% at $66.80. The biopharmaceutical company saw its shares pop after better than expected earnings. Questcor said Tuesday after the market closed that its net income grew 67% to $69.1 million, or $1.12 per share. Furthermore, revenue rose 64% to $184.6 million. Analysts were expecting net income of $0.99 per share on $169 million in revenue. The company accredited the jump in revenue to an increase in shipments of H.P. Acthar gel, which rose 50% to 7,050. Shares jumped to a new 52-week high of $68.08 intraday.