Investing

7 Key After-Hours Movers on Tuesday

With earnings season having passed its peak, there are still a massive number of companies reporting earnings. 24/7 Wall St. has tracked seven key after-hours movers after the close of trading on Tuesday. These are far from all of the movers, but they stood out with percentage gains or losses. We have included a synopsis of the news causing the move on each, as well as a reaction versus the trading history.

Anadigics Inc. (NASDAQ: ANAD) was already small enough at $1.30 when the closing bell rang, but the after-hours move took shares down 15% to $1.10 in the after-hours session. This is against a 52-week range of $0.55 to $1.55. The radio frequency semiconductor solutions provider showed an 11.7% decrease in sales sequentially to $18.4 million and lost four cents on an adjusted earnings per share basis. Anadigics’ CEO said he anticipate some near-term market headwinds in the infrastructure side of the business.

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Borderfree Inc. (NASDAQ: BRDR) reports its first quarter financial results after the close, and it also agreed to be acquired by Pitney Bowes for $14 per share in cash — valuing it at over $400 million. We’ll let you decide if a 100% premium buyout or earnings is the catalyst here. Borderfree shares rose 5% to $6.79 today, but the stock was up 103% at $13.81 in the after-hours session versus a 52-week range of $5.70 to $17.79.

Moneygram International Inc. (NASDAQ: MGI) was surging after reports broke in the evening that Western union may want to acquire this smaller competitor. With a closing price down 3% at $7.80, its market cap was $415 million. Western Union’s market cap is more than $10 billion, so it is not as if this is hard to do. The news or rumors had shares up 325 at $10.30 in Tuesday’s after-hours session. Moneygram’s 52-week range is $7.55 to $15.34.

Noodles & Co. (NASDAQ: NDLS) had been one hot restaurant chain after its IPO, but now it seems that nobody cares to go eat there if you just paid attention to its share price. Noodles may have made three cents on an adjusted basis, but results were under plan and the company lost money on a GAAP basis. After closing up 2.5% at $20.71 on Tuesday, the after-hours reaction was down a sharp 18% at $16.95 on more than 100,000 shares since the close. The 52-week range is, or was, $17.05 to $35.82. If you adjust for the $617 million market cap at the close, this is now roughly a $505 million market cap — versus what had been expectations of $475 million in 2015 expected sales before it warned.

Pacific Biosciences of California Inc. (NASDAQ: PACB) may have announced its earnings, but it also announced that it has achieves its second development milestone in clinical diagnostics agreement with Roche — earning an additional $10 million. Roche has the exclusive right to commercialize and sell the developed diagnostic products for clinical use. This was one of our stocks under $10 with huge analyst upside over the weekend as well. Pac-Bio closed down 3% on Tuesday, but shares were up almost 10% at $6.40 in the after-hours session against a 52-week range of $4.02 to $8.78.

Skullcandy Inc. (NASDAQ: SKUL) must have ruptured its clients’ eardrums if you just looked at the stock reaction to earnings. Despite 18% sales growth and narrowing its losses, the guidance was a bit soft. The stock had been up three cents at $11.12 before the report, but shares were down 10% at $9.97 after the report on volume of about 20,000 shares. Skullcandy has a 52-week range of $6.67 to $11.83.

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Zulily Inc. (NASDAQ: ZU) just cannot get it right. The online retailer to moms just missed on revenue expectations, and offered lower guidance yet again. This is going to be good for another 52-week low at Zulily. Shares were down 2.3% at $11.82 on Tuesday, but the after-hours session took out another 18% or so — down to $9.65. Zulily’s 52-week low is $11.55.

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