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Equities in Focus - Viggle Inc (NASDAQ:VGGL), SunPower Corporation (NASDAQ:SPWR), Adeptus Health Inc (NYSE:ADPT)

Equities in Focus - Viggle Inc (NASDAQ:VGGL), SunPower Corporation (NASDAQ:SPWR), Adeptus Health Inc (NYSE:ADPT)
Written by
Joel Najarian
Published on
October 29, 2014
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Viggle Inc (NASDAQ:VGGL) on Wednesday said it has entered into a securities purchase agreement with the Sillerman Investment Company, an entity owned by the technology company's chief executive officer Robert F.X. Sillerman, to provide a $30 million investment. Under the terms of the agreement, Sillerman will purchase certain securities issued by the company, including a $20 million line of credit and $10 million in a new class of convertible preferred stock. Viggle Inc (NASDAQ:VGGL) said it intends to use the net proceeds to repay $15 million of existing indebtedness and for working capital purposes including marketing, and to fuel innovation for its marketing and rewards platform.SunPower Corporation (NASDAQ:SPWR) reported fiscal Q3 earnings and sales that exceeded analysts' estimates. SPWR is trading in the lower half of the 52-week range between $25.38 and $42.07. The provider of solar equipment said non-GAAP earnings in the quarter ended Sept. 28 fell to $0.30 per diluted share from $0.44 the year earlier but exceeded the $0.25 average estimate from analysts polled by Capital IQ. Revenue rose to $662.7 million from $657.1 million compared to the $627 million consensus.Reported net income dropped sharply, to $32.0 million or $0.20 per diluted sdhare from $108.4 million or $0.73 the year earlier on a sharp increase in costs of revenue. For Q4, SunPower Corporation (NASDAQ:SPWR) said it expects revenue between $675 million to $725 million, ahead of the $674 million consensus and EPS between $0.15 to $0.30, mostly below the $0.30 estimate. For FY14, it expects revenue between $2.535 billion to $2.585 billion, below the $2.6 billion consensus and EPS between $1.25 to $1.40, straddling the $1.29 consensus.Adeptus Health Inc (NYSE:ADPT), the health services provider reported it made a profit on an adjusted basis in Q3 as revenue soared, beating expectations. Adeptus incurred a net loss of $3.6 million for the quarter, of which $1.6 million was attributable to Adeptus Health Inc., compared to a net loss of $1.5 million from the prior year.Adjusted earnings per share was $0.01 per share, compared with a loss of $0.05 a year ago. On a GAAP basis the company's net loss per share narrowed to $0.16 from $0.37 a year ago. Analysts expected a loss of $0.08 if comparable. Net patient service revenue soared 143.7% to $57.6 million due to the impact of increased patient volumes from the expansion of the number of freestanding facilities from 19 to 51. Analysts were looking for $53.7 million. Adeptus Health Inc (NYSE:ADPT) shares recently traded at $27.95 with a 52-week range of $23.35 - $29.33.

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