Small Cap Losers: PBI, AVXL, HLIT
2:44 pm Tuesday, February 01st, 2022
Pitney Bowes Inc. (NYSE:PBI): Posted Q4 results, missing consensus for EPS. Higher transportation and labor spend weighed on performance, and lower volumes also had an adverse impact on margins. Global Ecommerce revs declined 9% yr/yr in the quarter and increased +46% vs the same period in 2019. Issued in-line FY22 revs guidance. Pitney Bowes Inc. is an American technology company most known for its postage meters and other mailing equipment and services, and with expansions into e-commerce, software, and other technologies.
Anavex Life Sciences Corp (NASDAQ:AVXL): Reported top-line results from the Phase 3 AVATAR trial of ANAVEX 2-73 in adult female patients with Rett syndrome. The trial reportedly met its stated primary endpoints and all secondary efficacy and safety endpoints, with consistent improvements in RSBQ AUC, ADAMS, and CGI-I response.
Harmonic Inc (NASDAQ:HLIT): Drops to three-month lows after co reported Q4 results, topping consensus for EPS and revs. Issued mixed FY22 guidance, seeing EPS below consensus. Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet.
