Stocks In The News (LCI, ARAY, COO, AMZN, MFRM)
Lannett Company, Inc.(NYSEAMEX:LCI) reported fourth-quarter net income of $1.4 million or $0.05 per share, as compared to the net loss of $1.9 million or $0.07 per share in the year-ago quarter. Net sales for the latest quarter rose 40% to $35.7 million from $25.5 million in the same period last year. Analysts expected the company to earn $0.03 per share on revenues of $33.08 million for the quarter.
Accuray Incorporated(NASDAQ:ARAY) shares declined 8.95% to $5.95 in the pre-market hour after the company reported a fourth-quarter net loss of $20.3 million or $0.28 per share, versus net loss of $25.0 million or $0.40 per share in the comparable quarter last year. Adjusted non-GAAP net loss was $14.2 million or $0.20 per share. Total net revenues rose to $100.5 million from $75.2 million in the same period last year. Analysts expected the company to lose $0.12 per share on revenue estimate of $106.92 million for the quarter.
The Cooper Companies, Inc. (NYSE:COO) stock gained 7.17% to $92.20 in the pre-market hour after the company posted third quarter net income of $66.9 million or $1.36 per share, as compared to $44.2 million or $0.90 per share for the year-ago quarter. Adjusted net income for the latest was $71.7 million or $1.45 per share. Net sales rose 8% to $378.19 million from $351.40 million in the same quarter last year. Analysts expected the company to earn $1.29 per share on revenue estimate of $367.59 million for the third quarter.
Amazon.com, Inc.(NASDAQ:AMZN) stock increased 0.51% to $252.65 in the pre-market hour. The company is expected to launch a new tablet on September 6, 2012.
Additionally, Amazon.com Inc and EPIX announced a multi-year licensing agreement in the U.S., which will add thousands of new releases, classic library titles and original programs to Prime Instant Video.
Mattress Firm Holding Corp(NASDAQ:MFRM) shares dropped 10.02% to $29.20 in pre-market hour after the company reported second quarter net income of $10.0 million or $0.30 per share, an increase from $3.6 million or $0.16 per share last year. Adjusted earnings for the quarter were $14.0 million or $0.42 per share in the prior year. Quarterly sales were $262.0 million, up 45.6% from $180 million a year ago. Analysts expected earnings of $0.28 per share on sales of $263.26 million for the quarter.