Earnings Breakout: Inventure Foods (NASDAQ:SNAK), Vitacost.com (NASDAQ:VITC), Workday (NYSE:WDAY)

inventure

Inventure Foods (NASDAQ:SNAK) rose to record highs Thursday after the company reported better-than-expected financial results for Q4.

Shares are up 8.84% at $13.79 late in the session, and earlier reached $14 – an all time high. The marketer and manufacturer of specialty snack food brands reported Q4 earnings of $0.14 per share, ex one-time items, compared with the prior-year period’s $0.08 per share. Revenue was $58.85 million, up 35.4% from $43.54 million in the same quarter last year.

The company attributed the increase in revenue to a 55.8% increase in the healthy/natural product portfolio. Analysts polled by Capital IQ were expecting EPS of $0.11 on revenues of $55.66 million.

Vitacost.com (NASDAQ:VITC) is higher late Thursday after the company reported mixed financial results for Q4, and announced that it is exploring strategic alternatives to unlock shareholder value Shares are up 11.13% at $7.49 with a 52-week range of $5.11 – $9.40. The online retailer of health and wellness products reported a Q4 loss of $0.08 per share, compared with the prior-year period’s $0.09 loss per share. Revenue was $97.3 million, up 14.5% from $85 million in the same quarter last year.

Analysts polled by Capital IQ were expecting a loss of $0.07 per share on revenues of $94.5 million. In a separate press release, VITC said it has engaged Jefferies LLC in December 2013 to assist the company in exploring and evaluating strategic alternatives that may be available to the company in order to maximize stockholder value.

Shares of Workday (NYSE:WDAY), which provides cloud-based applications for financial management and human resources, have advanced 15% to a record high of $116.47 Thursday after the company reported better-than-expected revenue a day earlier. WDAY said that Q4 revenue rose 74% in the latest quarter to $141.9 million, beating Street estimates of $138 million.

In addition, the company has acquired Identified, a developer of HR analytics software, for an undisclosed amount. Finally, the company was handed a rash of upgrades/price target increases, including FBN Securities (raised PT to $110 from $85), FBR Capital (upgraded to Outperform, PT raised 79% to $150) and reiterated as Equal Weight by Morgan Stanley. Shares of WDAY last traded at $114.45 with a new 52-week range of $54.19 to $116.47.

 

 

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