Top After-Hours Movers on Earnings & Beyond (BIDU, BRCM, COMV, HXL, NFLX, SANM, SPWRA, TXN)

We are tracking some major movers in the after-hours session this Monday evening, mostly on earnings.  The top movers and shakers in the after-hours today are Baidu, Inc. (NASDAQ: BIDU), Broadcom Corporation (NASDAQ: BRCM), Comverge, Inc. (NASDAQ: COMV), Hexcel Corporation (NYSE: HXL), Netflix, Inc. (NASDAQ: NFLX), Rent-A-Center Inc. (NASDAQ: RCII), Sanmina-SCI Corp. (NASDAQ: SANM), SunPower Corporation (NASDAQ: SPWRA), Texas Instruments Inc. (NYSE: TXN).

We have offered news summaries and reactions on each, with color if applicable.

Baidu, Inc. (NASDAQ: BIDU) is again saying “valuation analysis be damned” because it is soaring after beating estimates.  Shares rose 1.6% today, but the stock is up another 5.4% at $164.90 at yet another all-time high.

Broadcom Corporation (NASDAQ: BRCM) is a winner despite a drop by more than one-third in earnings due to solid revenue growth and guidance being put at $1.9 to $2.0 billion for the current quarter versus $1.93 billion Thomson Reuters consensus.  Shares are actually up more than 8% at $37.98 in the after-hours.

Comverge, Inc. (NASDAQ: COMV) said that its preliminary revenues are expected to range from $31.5 million to $32.5 million versus $17.0 million in the second quarter 2010, sending shares up about 10% in thin volume after the close to $3.37.

Hexcel Corporation (NYSE: HXL) is soaring after beating earnings estimates.  Shares are up an unusually high 8% at $25.97 in the after-hours session above the $24.39 52-week high.

Netflix, Inc. (NASDAQ: NFLX) is taking a serious breather after earnings rose more than 55% after disclosing the implications of its new pricing plan.  This has shares down 8.4% at $259.00 in the after-hours session.  Here is some of the scenario about how we think Netflix can get shares up to $400

Rent-A-Center Inc. (NASDAQ: RCII) reported light earnings and guided earnings under expectations for the quarter ahead. Shares are down over 7% at $27.78 in the after-hours session.

Sanmina-SCI Corp. (NASDAQ: SANM) was down over 3% today but beating earnings and raising guidance for the quarter ahead may set a good tone for EMS companies on Tuesday.  Shares are up 8.5% at $10.00 in the after-hours session after the stock was actually close to 52-week lows.

SunPower Corporation (NASDAQ: SPWRA) gave a negative report that it tried to pass off as a mixed report.  It is now looking for a loss.  Shares were halted for news that it sees a loss due to Germany and Italy, but the stock is down 7% to $19.39 in the after-hours session after having fallen some 6.5% today in regular trading.

Texas Instruments Inc. (NYSE: TXN) is up marginally despite earnings disappointments and despite some weak segment guidance.  It appears that analog actually held up better than expected.  Shares closed down almost 1% but the stock is up 1.3% at $31.72 after the earnings report.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.


The Modern Investment App For a Richer Tomorrow (Sponsored)

Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.

Sign up today using the link below or click here to start your journey.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.