Diamonds and Dogs
5/14/14Kate Spade & Company (KATE)
Kate Spade & Company is on fire today up 8.51% at $37.60. The fashion apparel and accessory company saw it shares jump after better than expected earnings for the quarter. For the first quarter, management announced that it lost $0.06 per share, which was slightly worse than the $0.04 loss that analysts were expecting. The good news came in revenues which grew 33% to $328 million, easily beating analysts' estimates of $201.3 million. Furthermore, the company announced that it plans to open 80 new stores this year. Shares of Kate Spade climbed nearly $3.00 today but are still below their 52-week low of $40.75.
Enzymotec Ltd. (ENZY)
Enzymotec is crashing and burning today, down 32.03% to $13.75. The biofunctional lipid company saw its shares tank after missing on earnings. For the quarter, Enzymotec announced earnings of $0.24 per shares beating estimates of $0.17 per shares. The company missed on revenues, announcing $17.9 million while Wall Street expected $19.4 million. Shares of Enzymotec fell over $6.40 today to a new 52-week low of $13.60.