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Small-Cap Snapshot: Heidrick & Struggles rallies as recruiting firm posts better-than-expected 4Q results

Also on the move are Aerie Pharmaceuticals Inc, Nautilus Inc and SunOpta Inc
A new hire shaking hands
Net revenue for recruiting firm Heidrick & Struggles was up 9.4% from a year earlier

Heidrick & Struggles International Inc (NASDAQ:HSII) surged a day after posting better-than-expected fourth-quarter results. The recruiting firm had diluted earnings per share of $0.58 on net revenue of $185.3 million, which was up 9.4% from a year earlier. The average estimate of analysts was for earnings per share of US$0.35 on net revenue of US$176.05 million.

The stock gained 21% to US$41.04 in Nasdaq trading.

Aerie Pharmaceuticals Inc (NASDAQ:AERI) gained after posting fourth-quarter net revenue of US$14.5 million, exceeding the US$12.94 million average estimate of analysts. The results were mixed, with the glaucoma medication company reporting a basic and diluted adjusted net loss per share of US$0.92, which was higher than the US$0.87 average estimate of analysts.

Shares advanced 15% to US$46.26 in Nasdaq trading.

SunOpta Inc (NASDAQ:STKL) (TSE:SOY) dropped after the organic-food company announced the termination of David J. Colo as president and CEO. Toronto-based SunOpta added that Katrina L. Houde, a SunOpta director since 2000, will serve as interim CEO. The board has formed a CEO search committee and engaged an executive search firm to identify Colo's successor.

The stock was down 41% to US$2.39 on the Nasdaq and declined 40% to C$3.17 in Toronto.

Nautilus Inc (NYSE:NLS) fell as the exercise equipment company said in a statement that it was taking a number of steps to strengthen its businessCEO Bruce M. Cazenave said in a statement that the company has a solid cash flow and a strong balance sheet. Nautilus posted fourth-quarter net sales of $115.4 million, a decrease of 9.7% compared with a year earlier. The average estimate of analysts was for net sales of $114.7 million. Income from continuing operations dropped to $0.05 per diluted share, beating the $0.04 average estimate of analysts.

The shares decreased 24% to US$6.11.

The Russell 2000 index of small-cap stocks was down 0.3% to 1,584.26.

Contact Dennis Fitzgerald at [email protected]


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