Top After-Hours Stocks on the Move (IDTI, MHP, OPWV, SPIL, SNCR, TXRH)
August 1, 2011 by Jon C. Ogg
We are tracking several key movers and shakers after the close in this Monday’s after-hours evening trading session. Some are earnings related but some moves are from other data. Those on the move are as follows: Integrated Device Technology, Inc. (NASDAQ: IDTI); The McGraw-Hill Companies, Inc. (NYSE: MHP); Openwave Systems Inc. (NASDAQ: OPWV); Siliconware Precision Industries Company, Ltd. (NASDAQ: SPIL); Synchronoss Technologies, Inc. (NASDAQ: SNCR); and Texas Roadhouse, Inc. (NASDAQ: TXRH). We have outlined a brief summary of the news and the moves on each.
Integrated Device Technology, Inc. (NASDAQ: IDTI) met estimates, but missed on revenues after the close. Shares are trading down 8.2% at $6.16 in the after-hours session.
The McGraw-Hill Companies, Inc. (NYSE: MHP) is surging on news that Jana Partners and the Ontario Teachers are not just going activist… They took a stake and are pushing for the company to bust itself up to enhance value. Shares are up almost 6% at $43.85 in active trading after the close.
Openwave Systems Inc. (NASDAQ: OPWV) is one that many have already forgotten long ago, but a wider loss and announcing job cuts is not going to help matters. Shares closed down almost 2% today and shares are down another 6.3% at $2.07 in the after-hours session.
Siliconware Precision Industries Company, Ltd. (NASDAQ: SPIL) fell after reporting almost 2% sequential sales growth that seems to have missed the mark. Shares are down 8.8% at $4.52 after the close.
Synchronoss Technologies, Inc. (NASDAQ: SNCR) turned in an 8.5% earnings gain but also announced a patent settlement with Dashwire for cloud management patents; Synchronoss shares are up 6.7% at $30.70 in the after-hours session.
Texas Roadhouse, Inc. (NASDAQ: TXRH) is getting clipped in after-hours trading after posting a penny-lite $0.22 EPS and giving 5% growth guidance on earnings rather 5% to 10% previously along with lower margins. Shares are down 9.7% at $15.00 in the Monday evening post-close period.
JON C. OGG
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