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Small-Cap Snapshot: Stamps.com shares licked after guidance cut; Party City balloons on 1Q earnings

Other small-caps making moves include GT Gold, Workhorse and Cronos Group

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The party supply chain reported that during the quarter it signed a letter of agreement for a new source of helium


Party City Holdco Inc (NYSE:PRTY) reported first-quarter earnings of $0.01 per share that matched analysts’ estimates Thursday, compared to $0.07 per share in the year-ago quarter. The Elsford, New York-based company also reported that during the quarter it signed a letter of agreement for a new source of helium

Shares swelled more than 10% to close at $8.04.

GT Gold Corp (CVE:GTT) announced that mining behemoth Newmont Goldcorp (NYSE:NEM) has taken a 9.9% stake in the junior exploration company in a nearly $18 million deal.

The stock finished 11% higher at C$0.96.

TechTarget Inc (NASDAQ:TTGT), the website operator for information technology vendors, reported first-quarter profit of $3.3 million late Wednesday. The Newton, Massachusetts-based company said it had adjusted earnings of $0.19 per share, beating estimates of $0.07 EPS.

Shares surged nearly 23% to $21.47.

READ: Buds & Duds: Cannabis stocks tumble led by Cronos 1Q earnings that miss the mark

Axonics Modulation Technologies Inc (NASDAQ:AXNX), a medical technology company, posted a loss of $13.1 million in its first quarter late Wednesday. The Irvine, California-based company had a loss of $0.47 per share, missing expectations of a $0.40 per share loss.

The stock jumped 19% to end the day at $28.23.


Stamps.com Inc (NASDAQ:STMP), which lets customers print US postage, slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.

Shares collapsed nearly 56% to $36.90.

Cronos Group Inc (NASDAQ:CRON) (TSE:CRON), a cannabis producer, announced earnings results that showed it widened its loss and missed on revenue in the first quarter of 2019. 

Investors cut the share price 8.1% to $19.05 on the TSX and nearly 9% to US$14.09 on the Nasdaq. 

Workhorse Group Inc (NASDAQ:WKHS), a maker of electric trucks, is in talks to buy an idled General Motors plant in Lordstown, Ohio, President Trump tweeted Wednesday.

The stock stalled 22% to settle at $2.05.

AMC Entertainment Holdings Inc (NYSE:AMC) posted a first-quarter loss bigger than analysts had expected amid a 10% decline in movie attendance.

Investors headed for the exits, dropping the stock 9.1% to $13.32.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

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Buds & Duds: Cannabis stocks lag but Weekend Unlimited shares jump as it...

Buds today are Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF), Pressure BioSciences Inc (OTCMKTS:PBIO). Duds are Tilray Inc (NASDAQ:TLRY), CannTrust Holdings Inc (TSE:TRST) (NYSE:CTST). 

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