JinkoSolar Holding downgraded

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Citigroup downgraded JinkoSolar Holding Co. Ltd. (NYSE: JKS) from a Neutral rating to a Sell rating while Morgan Stanley downgraded the solar power company from an Overweight rating to an Underweight rating sending the stock price tumbling $2.43 to close at $19.03.

 


Splunk narrows losses

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Splunk (Nasdaq: SPLK) narrowed losses for the first quarter to 73 cents per share from 77 cents per share last year as revenue rose but the stock price plunged $4.68 to close at $62.41.



Zoe's Kitchen disappoints

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Zoe's Kitchen Inc. (NYSE: ZOES) disappointed with sharply lower first quarter earnings of $19,000, or $0.00 per diluted share, compared with 7 cents per diluted share in the year ago period sending the stock price tumbling $2.02 to close at $14.18.



AmTrust Financial Services Inc. (Nasdaq: AFSI) raised $300 million through a private placement sending the stock price up $1.55 to close at $14.00.



Nutanix Inc. (Nasdaq: NTNX) reported a smaller than expected loss for the third quarter of 78 cents per share compared with a loss of $1.05 per share last year and forecast current quarter revenue ahead of estimates. The stock price soared $2.02 to close at $19.59.



Hornbeck Offshore Services Inc. (NYSE: HOS) will be replaced on the S&P SmallCap 600 by Time Inc. (NYSE: TIME). Shares of Hornbeck Offshore lost 29 cents to close at $1.96 while Time stock eased 15 cents to close at $11.90.


Genesco disappoints

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Genesco Inc. (NYSE: GCO) disappointed with sharply lower first quarter earnings of 5 cents per diluted share compared with 50 cents per diluted share in the year ago period that missed expectations. Shares of the footwear and apparel retailer plummeted $10.15 to close at $34.40.



International Game Technology (NYSE: IGT) reported a greater than expected loss for the first quarter of 27 cents per share compared with a loss of 46 cents per share a year earlier. The stock price plunged $2.75 to close at $18.25.



Sears Holdings Corp. (Nasdaq: SHLD) reversed year ago losses of $4.41 per diluted share to post an unexpected profit for the first quarter of $2.28 per diluted share. The stock price climbed $1.01 to close at $8.48.



Best Buy tops estimates

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Best Buy Co. Inc. (NYSE: BBY) reported first quarter earnings of 60 cents per diluted share compared with 70 cents per diluted share in the year ago period that beat expectations. Shares of the electronics retailer leaped $10.83 to close at $61.25.



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