Afternoon Movers: LDR Holding (LDRH), Endologix (ELGX), Nelnet Inc. (NNI)

Technology Stocks News 9

LDR Holding (NASDAQ:LDRH) is higher, climbing to an all-time high Friday, after the company reported late Thursday that for Q4, revenues topped Street forecasts while its loss widened year over year and missed estimates. Despite the mixed results, shares are up 7.98% at $31.14, and hit a record high of $31.59. The global media device company reported a Q4 loss of $0.69 per share, compared with the prior-year period’s $0.52 loss per share. Revenue was $31.98 million, up 28% from $25 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.32 on revenues of $27.83 million.

Shares of Endologix (NASDAQ:ELGX) stumbled on heavy volume Friday after the medical device maker posted FY 2014 guidance below analyst estimates. Endologix, which produces stents for aortic disorders, also reported mixed Q4 results in its release out late Thursday.

The company recorded adjusted EPS at $0.00 and revenues of $35.2 million vs. Capital IQ consensus for a loss of $0.02 per share and revenues of $36.7 million. ELGX said it expects to see a FY14 non-GAAP loss per share between $0.04-$0.17 on revenue between $146 million-$152 million, below analyst consensus for break even earnings on revenues of $161 million.

In mid-day trading, ELGX was down 23.3% to $13.70. It earlier traded as low as $12.86, near a test of its $12.26 52-week low. About 6.06 million shares changed hands so far Friday, vs. average volume of 426,377.

Nelnet Inc. (NYSE:NNI) shares are at some of their best levels since last Thanksgiving on Friday after posting adjusted Q4 net income that handily beat analyst projections for the final three months of 2013. The education services company focused on providing fee-based processing services and education-related products and services earned $70.5 million during Q4, or 1.52 per share, up from a $56.6 million gain during the same quarter last year.

Excluding foreign currency adjustments and derivative market values, NNI recorded a $1.51 per share adjusted profit in Q4, improving on $1.02 per share last year and beating the Capital IQ consensus by $0.12 per share. The company cited increases in net interest income earned on its student-loan portfolio along with increases in income from NNI’s fee-based businesses and investments.

In addition to its asset-generation and management unit, NNI takes in fees generated by its student loan and guaranty servicing operating segment as well as from tuition payment processing and enrollment services. Total interest income rose 7.6% year over year to $167.9 million. Combined revenue from the company’s fee-based segments rose 5.8% over year-ago levels to $103.9 million. Revenue from its student loan and guaranty unit rose 16% to $63.2 million, accounting for nearly two-thirds of its quarterly fee-based revenue.

NNI shares were up nearly 10% at $40.08 apiece in recent trading, climbing as high as $40.39 a share during today’s session. The stock has a 52-week range of $31.56 to $40.39 a share.

 

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