Fortress Stands Tall on Earnings

Includes: FIG, NVAX, SNUS
by: optionMONSTER

By Jon Najarian

Assets Back Above High-Water Marks
The private-equity and LBO firm reported fourth-quarter earnings of $0.24 a share, beating the $0.14 estimate. Management also said that all its assets were back above their high-water marks, meaning the company can now collect management fees on them. FIG climbs 4 percent before the bell.


Sonus Revenue Beat Forecasts
The network infrastructure company reported profit of $0.04 per share, while analysts had expected a $0.01 loss. Revenue totaled $83, crushing the $65.1 million estimate. SNUS rallies 28 percent in the pre-market.

Novavax Soars on Government Contract
The drug maker was awarded a contract with U.S. Health and Human Services to develop a new influenza vaccine. It's worth $97 million in the first three years, with the potential to grow to $179.1 million. NVAX, which started climbing late yesterday, is up another 31 percent before the bell.

(Chart courtesy of tradeMONSTER)

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Tagged: Earnings
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