U.S. equities were up on a hot day for transportation stocks, which gained 2.5% by day’s end. The S&P 500 Index gained 1.2%, the Dow Jones Industrial Average surged 1.6% and the Nasdaq Composite was up 1.2% by day’s end.
Here’s how they did:
Exelixis, Inc. (EXEL)
Exelixis reported on its latest period yesterday afternoon.
The biopharmaceutical company raked in $120.1 million in the revenue front for its fourth quarter, marking a 54.8% improvement, beating the Wall Street consensus estimate of $118 million.
Exelixis also reported strong earnings to close out its fiscal 2017 as the company earned 12 cents per share, equaling the year-ago figure, while also meeting analysts’ expectations, per Zacks Investment Research.
The company’s key drug, Cabometyx, raked in $90.4 million in sales. For 2018, the company predicts total costs and operating expenses to reach $430 million to $460 million, including about $50 million in non-cash expenses.
EXEL stock fell 3.6% after the bell Monday.
Howard Hughes Corp (HHC)
Howard Hughes also reported on its latest quarter Monday.
The company announced earnings of $68.82 million, or $1.60 per share, which was down from the $92.28 million, or $2.16 per share that it earned in the fourth quarter of its fiscal 2016.
Howard Hughes managed to impress on the revenue front, as the company brought in $300.98 million. The figure was an 8.1% improvement compared to the $278.55 million it brought in during the year-ago period.
HHC shares was flat after hours yesterday.
Palo Alto Networks Inc (PANW)
Palo Alto Networks shares were up on the company’s quarterly results.
The security platform provider announced a net loss of $24.9 million, or 97 cents per share on an adjusted basis thanks in part to a boost of 11 cents per share linked with the new tax law. The figure beat the 63 cents per share the company earned a year ago, while also topping analysts’ expectations of 79 cents per share, according to FactSet.
On the revenue front, Palo Alto Networks brought in $542.4 million, topping the $422.6 million from the year-ago quarter. Analysts were calling for revenue of $525 million, according to FactSet.
For its fiscal year 2018, the company sees revenue in the range of $2.19 billion to $2.22 billion, while billings are slated to be in the range of $2.72 billion to $2.77 billion. Adjusted earnings are slated to be in the range of $3.84 per share to $3.91 per share.
PANW stock gained about 5% after the bell Monday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.