We have several companies on the move on news after the close on Tuesday evening. We are tracking moves in shares of the following: Adobe Systems Inc. (NASDAQ: ADBE); AeroVironment, Inc. (NASDAQ: AVAV); American Software, Inc. (NASDAQ: AMSWA); Asia Entertainment & Resources Ltd. (NASDAQ: AERL); Jabil Circuit, Inc. (NYSE: JBL); and National Bank of Greece SA (NYSE: NBG).
We have provided a quick hit on the news for each move and shown the reaction on each.
Adobe Systems Inc. (NASDAQ: ADBE) is simply giving back its gains today. Shares closed yesterday at $30.95 and closed up 3.4% at $32.01 today, but the stock is down over 3% and back at $31.00 after earnings. Earnings were ahead of plan as revenue rose 9% but this failed to create any move up. This one traded over 1 million shares in the after-hours session.
AeroVironment, Inc. (NASDAQ: AVAV) managed to beat expectations and guide higher for the year. Aerial unmanned small drones for surveillance must be good. Shares were up over 10% in the after-hours session at $31.60.
American Software, Inc. (NASDAQ: AMSWA) is not exactly the biggest household name but it is higher after earnings. Shares closed up 3% at $7.89 today and the after-hours session is up 4.5% at $8.25. Be advised, if this holds it is above the $7.98 high of the last 52-weeks.
Asia Entertainment & Resources Ltd. (NASDAQ: AERL) announced that it authorized a regular semi-annual cash dividend of $0.10 per ordinary share and approved a share buyback plan of up to 2,000,000 ordinary shares on the open market. SHares were up 2.9% today and the stock is up 12% at $6.30 in the after-hours.
Jabil Circuit, Inc. (NYSE: JBL) rose after announcing a share buyback plan of up to $200 million after beating earnings estimates. Shares were up 1.49% at $19.13 in the after-hours on more than 500,000 shares since the close.
National Bank of Greece SA (NYSE: NBG) was up 5.2% at $1.40 today and shares are up another 5% or so at $1.49 right around the time of the Greek socialist governmental party won a vote of confidence…. After the effect and after the event, we show that the ADR of National Bank of Greece is actually in the red with a drop at -1.3% at $1.38 on last look.
JON C. OGG