Diamonds and Dogs
10/29/14Usana Health Sciences Inc. (USNA)
Usana is looking very healthy today, up 24.28% to $21.33. The nutritional and personal care company saw its shares move higher after a great earnings report. For the quarter, Usana reported a profit of $19.5 million or $1.47 per share on revenue of $191.9 million. Furthermore, management expects full year guidance of $5.85 to $5.95 per share on revenue of $770 to $790 million. Shares of Usana climbed over $21.00 and hit a new 52-week high of $116.20 intraday.
American Realty Capital Properties Inc. (ARCP)
American Realty Capital is getting crushed today, down 19.71% to $9.94. The realty company saw its shares tank after news of "accounting issues." ARC Properties said that its 2013 and 2014 financial filings should not be relied upon. The accounting issues seemed to scare off investors as the first thought is that the company might be fudging the books. "The accounting issues are unacceptable and we are taking the personnel and other actions necessary to ensure that this does not happen again," said Chief Executive David Kay. Shares of ARC fell to a new 52-week low of $7.85 before rallying coming into the close off of news that the error was un-intentional and just a mistake that would be corrected.