Earnings season may be well into the second half, but earnings reports and other news are still moving many key stocks. 24/7 Wall St. has identified nine after-hours stocks with strong moves up or down for Thursday, February 4, 2016. These certainly are not the only stocks on the move, but they are the ones that stood out the most an hour after the close.
Included in our coverage here is a news brief on each mover and relative color. We have included trading data and volume data to show relevance. All investors need to understand that big moves in the after-hours trading session can reverse or become even more extreme after conference calls and after analysts and investors get to further interpret the reports.
Lastly, even the most seasoned traders and investors would warn that the after-hours trading session is often considered to be the Wild West meets Wall Street.
Deckers Outdoor Corp. (NASDAQ: DECK) was punished due to a weak winter selling season. It didn’t say “Ugh!” over Uggs, but the news came with additional warnings, lower margins — even with a gain in revenue on a constant currency basis. Deckers shares were down 2.6% at $48.78 ahead of earnings, and then its stock was down another 8% to $45.00. The stock’s 52-week range is $40.74 to $78.00. Some 300,000 shares or so had traded hands in the first 80 minutes in the after-hours session.
Hanesbrands Inc. (NYSE: HBI) reported that 2015 adjusted EPS was up 17% to $1.66 and that it sees 2016 adjusted EPS rising by 11% to 15% to $1.85 to $1.91 in 2016. Still, its quarterly report and outlook are not enough. This stock was last seen down 11% at $26.16 in the after-hours on roughly 50,000 shares in the first 45 minutes since the 4 p.m. close.
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