Drops Despite Higher Revenues
The weight-loss company reported a fourth-quarter loss of $0.04 EPS, twice as bad as analysts had feared. Guidance was also weak despite revenue beating expectations. That's hitting NTRI hard, sending the stock down nearly 12 percent before the bell on my tradeMONSTER's extended-hours platform.
Monster Worldwide Hires Advisers
The online employment service announced that it has retained Stone Key Partners and Bank of America / Merrill Lynch as financial advisers in a review of strategic alternatives. It had previously announced the plan last Thursday. MWW is up about 7.5 percent in the pre-market as traders seem to approve of the initiative.
PAA Down on New Public Offering
Plains All American Pipeline is striking while the iron is hot, tapping the equity market for capital after a big run earlier this year. The oil and natural-gas distributor plans sell 5 million units and will use proceeds to fund the acquisition of BP Canada Energy and to pay down debt. PAA is down more than 3 percent this morning.
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NutriSystem plunges on loss, outlook
