Diamonds and Dogs
4/10/14Ruby Tuesday Inc. (RT)
Ruby Tuesday is looking like a real gem today, up 11.91% to $6.67. The chain restaurant company saw its shares jump $0.71 after beating earnings estimates. For the quarter, Ruby Tuesday recorded a net loss of 4 cents a share and revenue of $295.55 million. Analysts anticipated a net loss of 8 cents a share and revenue of $284.22 million. The beat helped shares climb up near $7.00 intraday, however shares are still well off of their 52-week high of $9.90.
Imperva Inc. (IMPV)
Imperva Inc. is getting crushed today, down 43.66% to $28.02. The data center security company saw its shares plummet after pre-announcing expected earnings and being downgraded. Imperva announced much worse than expected earnings, net income falling 1202% to a loss of $9.43 million. The worse than expected earnings caused Oppenheimer analyst, Shaul Eyal, to downgrade the company to perform from outperform and remove his $65 price target. Shares of Imperva lost $21.73 today and set a new 52-week low of $26.67 intraday.