Lumber Liquidators fought back against claims about the safety of its products. The flooring retailer was on the offensive in response to a report on CBS’s “60 minutes” that alleged some of the company’s flooring products contain higher-than-accepted levels of a known carcinogen. On an investor call today, the flooring retailer disputed that charge saying it’s confident its products are safe. Shares popped more than ten percent to $36.08.
United Technologies is exploring strategic options for its Sikorsky helicopter unit that makes the iconic Black Hawk for the U.S. Military. The CEO saying the spin-off will help the company grow shares rose about 2.5 percent to $121.24.
Vail Resorts saw earnings rise 95 percent on stronger revenue, thanks to growth in season-pass sales and spending. The company did lower the upper end of its full-year forecast for earnings, but investors overlooked that. The stock surged almost ten percent to $93.27.
Hovnanian’s sales rose in its most recent quarter, but the home builder’s loss widened and it said margins continued to decline. The company is optimistic about the spring selling season, saying its margins will improve if the housing market continues to strengthen. The stock was more than two percent higher to $3.48.
Dollar General earnings matched estimates, but sales missed. It initiated a dividend of 22 cents a share. The discount retailer says it also plans to spend more on labor this year, as chains like Wal-Mart have hiked wages. Shares were up about four percent to $74.28.
And investors got their chance to react to Box’s first earnings report since going public and it wasn’t pretty. The cloud storage provider reported a wider than expected loss on higher operating expenses. The CEO is disputing estimate calculations, saying analysts made an error. Shares tumbled 11 percent to $18.20