On Wednesday, US stocks fell due to geopolitical tensions rose after comments from President Donald trump that he is preparing for a military strike in Syria. In the S&P 500 Index fell 0.6%, the index of Dow Jones decreased by 0.9% and the Nasdaq was down 0.4% by the end of the day.
Several companies made headlines late last night, including American water company Inc (Ticker NYSE:awk), QuinStreet Inc (Nasdaq:QNST) and Ford ink. (NASDAQ:ZUMZ).
That’s how they did:
American water company Inc (AWK)
American water has announced a major acquisition late in the evening on Wednesday.
The largest publicly traded U.S. water and wastewater utility company announced that it had agreed to buy swivel home solutions of southern company gas, which is a subsidiary of southern company.
The transaction will be established by the American water back $ 365 million in cash, which includes estimated working capital. The acquisition will be made through an American company, the water company (awe) subsidiary.
Key home solutions is a home warranty business that operates in 18 States with approximately 1.2 million customer contracts by offering the broadcast of a number of household appliances, heating and cooling, as well as lines in and around the home.
“Employees are the key decisions at home, as in the American water HOS group is focused on providing great customer service, as evidenced by our organization achieve better business Bureau high rating.” said Susan Story, President and chief Executive officer of American water.
Awk shares gained one percent after the bell.
QuinStreet Inc (QNST)
QuinStreet yesterday announced its preliminary results for the third quarter.
The company is a leader in performance marketing products and technologies, says it projects of the company amounted to more than 115 million U.S. dollars, an increase of more than 45% compared to the same quarter last year. Adjusted EBITDA is planned at more than 8% of the company’s revenue.
QuinStreet has made any acquisitions during the quarter. Quarterly reporting is scheduled for may 1 and will include the company’s fourth-quarter forecast, as well as his instructions for the rest of fiscal 2018.
“Our strong and improving financial performance continues to be guided by good results for our clients and media partners, and our significant competitive advantages,” commented Doug Valenti, CEO of QuinStreet.
“The business model QuinStreet and customer relationships are based on the performance of our marketing and media programs for them. This means that both consumers and our customers must be satisfied for us to support our business, let alone grow revenues. We believe that our financial results are a Testament to the success of our model and results to the media and customers,” added Valenti.
QNST shares soared after hours on Wednesday 16.4%.
Zumiez Inc. (ZUMZ)
Ford announced their results in March, late last night.
Clothing salesman said that net sales for the five-week period ended April 7, 2018 had sales of $82.3 million, marking a 14.7% increase compared to $71.7 million of the five-week period ended April 1, 2017.
Ford added that its comparable sales for the five weeks of March-beginning of April this year is 12.6% higher than a year ago, five weeks. It was only the increase in comparable sales of 1.1% then.
Shares of ZUMZ shares rose 4.6% after the market closes on Wednesday.
At the time of this writing, Karl Utermohlen not to take a position in any of the above securities.