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Notable decliners:

By John Smith   |   July 11, 2018

  • -11.4% AIR (AAR Corp.): Fiscal Q4 revenue missed, EPS ahead; reaffirmed FY EPS guidance midpoint below Street, revenue midpoint in line; analysts noted aviation services revenue growth slowed amid labor pressure in MRO unit.
  • -8.1% AAL (American Airlines): Updated Q2 TRASM guidance to +1%-3%, down from +1.5%-3.5%; updated CASM ex-fuel and special items to +2.5% from prior estimate of +3.5%.
  • -4.5% MSM (MSC Industrial Direct): Fiscal Q3 revenue light, while EPS in line; volume performance disappointed and Sep Q guidance below the Street; however, price/mix improved and company expects a return to more typical organic growth levels after a couple of quarters as it completes sales force initiatives.
  • -3.2% VIPS (Vipshop): Downgraded to neutral from buy at Goldman Sachs; cited fierce competition on the ground and near-term downside risk to earnings.