In Wednesday trading, markets were in green ahead of the Federal Reserve's decision to keep interest rates unchanged, but with a probable hike in December.
Shares of Nova Measuring Instruments Ltd. (NVMI, Financial) lost more than 17% on the back of the company reporting its financial results for the third quarter. The company posted EPS of 46 cents, beating expectations. Revenue of $54.1 million was in line with estimates and increased 22.7% year over year.Â
For the fourth quarter, the company guides $53 million to $57 million in revenue, diluted GAAP EPS between 29 cents and 37 cents and diluted non-GAAP EPS between 34 cents and 42 cents.
“Nova is evolving to offer a wider range of solutions, expanding our addressable markets and supporting our plans for sustainable growth,"Â President and CEO Eitan Oppenhaim said.
He went on to emphasize the company's unique and differentiated portfolio as well as its hardware and software capabilities.
Shares of United States Steel Corp. (X, Financial) gained more than 7% on the back of the company reporting its financial results for the third quarter after the closing bell Tuesday. The company posted EPS of 92 cents on revenue of $3.25 billion, beating expectations. The company updated its full-year guidance to EPS of $1.70.Â
Big 5 Sporting Goods Corp.(BGFV, Financial) shares gained over 14% after the company reported third-quarter results. EPS of 28 cents came short of analyst estimates by one cent. Revenue declined 3.1% year over year but met expcetations. Further, the gross profit for the quarter fell to $87.5 million from $89.9 million in the prior-year quarter.
For the fourth quarter, the company expects same-store sales to grow in the negative to low single-digit range. EPS are expected to range from 16 cents to 28 cents.
Sucampo Pharmaceuticals Inc. (SCMP, Financial) shares declined 4% despite upbeat results and sales growth. The company posted adjusted EPS of 27 cents, which beat expectations by two cents, and revenue of $61.3 million, which beat estimates by $3.22 million. Further, net sales inched up 5.9% from the year-ago quarter.
Disclosure: The author holds no position in any stocks mentioned.
