Shares of ShiftPixy Inc. (PIXY, Financial) almost doubled today after announcing its operating results for the fiscal fourth quarter and year ended Aug. 31 on Thursday. The company posted a loss of 28 cents per share on revenue of $20.2 million. Revenue grew 137.6% year over year.
CEO Scott W. Absher was pleased with the results and said he is confident about the company's future in the restaurant and hospitality markets.
“As we look ahead, we anticipate that the ongoing development of our technology and mobile platform will further enhance our service offerings and better enable us to meet the needs of our assigned workforce and clients as we create value for our shareholders,” he said.
The company expects gross billings for the first quarter of 2018 to increase 20% to $40 million, up from $33.1 million in the prior-year quarter.
Shares of Costco Wholesale Corp. (COST, Financial)Â jumped nearly 4% on the back of the company posting its financial results for the first quarter of 2018. The company reported revenue grew 13.2% to $31.8 billion. EPS were $1.45. The company beat earnings estimates by eleven cents and revenue expectations by $310 million.
Hess Corp. (HES, Financial) gained more than 2% on the news activist investment firm Elliott Management wants to remove CEO John Hess or push him to make a sale.
Disclosure: The author holds no positions in any stocks mentioned.
