Roth Capital Partners was looking for a loss of a penny per share from Joe's Jeans in the third quarter on revenue of $25.7 million. The firm previewed the quarterly report earlier on Tuesday, maintaining a neutral rating and price target of 75 cents a share because of "limited earnings visibility and the price volatility of the shares."
Also seeing trading interest late Tuesday was TE Connectivity (TEL), which was tabbed to join the S&P 500 after the close of trading on Friday.
The stock gained nearly 7% to $32.75 on volume of more than 150,000 following the news. The company's addition to the S&P 500 assures new buyers as fund managers looking to mirror the performance of the index will need to own the stock. The Switzerland-based maker of electronic components, such as switches and sensors, as well as networking equipment is expected to report its fiscal fourth-quarter results on Oct. 24.
Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
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