GameStop slides, Ulta Beauty falls, Adamas surges, Twitter downgraded

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

GameStop (GME) tops our list as the stock fell in early trading. Though the gaming retailer delivered a *beat* on revenue, earnings missed by a penny and same-store sales in the US came in weaker-than-expected. The company’s CEO did reaffirm a strong outlook for the year, saying the Nintendo Switch is expected to drive growth through the end of the year.

Ulta Beauty (ULTA) stock was down sharply after the cosmetics retailer posted slowing year-on-year growth. That’s despite better-than-expected results on EPS and revenue. The company also raised its full year outlook, saying it expects online sales to rise 50 to 60% this year, adding that it plans to open 100 new stores and remodel older locations.

Adamas Pharmaceuticals (ADMS) shares surged following news that the FDA approved its new one-of-a-kind treatment for Parkinson’s disease. The company is expected to roll out the drug in the fourth quarter.

 Twitter (TWTR) shares were lower after analysts at Jefferies downgraded the stock to hold from buy and cut its price target by $4 bucks to $16 a share. The firm believes that Facebook (FB) is the clear winner in social media and while Twitter’s video efforts are quote “interesting,” Google (GOOGL) and Facebook are doing it better.

 

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