Hain Celestial Group (HAIN) continued its downward trajectory Tuesday afternoon, falling nearly 27% after the company announced that not only would the release of its quarterly earnings report be late, but that it would also miss guidance.
"During the fourth quarter, the company identified concessions that were granted to certain distributors in the United States. The company is currently evaluating whether the revenue associated with those concessions was accounted for in the correct period and is also currently evaluating its internal control over financial reporting," the company said in a statement.
The company had been expected to release the results today.
Urban Outfitters (URBN) shares were falling Tuesday afternoon -- ahead of the scheduled release of the company's latest earnings results after the closing bell.
Analysts are expecting the Philadelphia-based retailer to report earnings of $0.56 per share on revenue of $886.39 million. Those totals are ahead of the $0.52 per share and $867.46 million the company reported in the year ago period.
TheStreet's Richard Saintvilus advised investors to take their profits ahead of the earnings release in an article, Monday. "The smart play here is to take some profits off the table and wait for management to issue guidance for the next quarter and fiscal year," Saintvilus wrote. "Too many things must go right for the company to maintain the stock's momentum, not the least of which involves same-store sales at its multiple segments."
Dick's Sporting Goods (DKS) shares were up more than 7% Tuesday following its surprise earnings beat. The company reported earnings of $0.82 a share -- topping analyst expectations of $0.69. Revenue of $1.97 billion for the quarter also topped Wall Street expectations of $1.88 billion.
Finally, video game maker Activision Blizzard (ATVI) was down more than 4% after the company's CEO and Chairman sold a combined 17.5 million shares of the company, raising $709 million for financial and estate planning while cutting their stake in the company by almost half.
CEO Bobby Kotick's stake now totals 20.1 million shares, while Chairman Brian Kelly has 17.1 million remaining shares.