Top After-Hours Stocks on the Move (CHK, ENTR, FSLR, KEYN, LNKD, MTZ, OXGN, SBUX, VVUS)
We have several big movers in the after-hours session. We have compiled a news summary and shown the after-hours moves in the following shares this Thursday evening: Chesapeake Energy Corporation (NYSE: CHK); Entropic Communications, Inc. (NASDAQ: ENTR); First Solar, Inc. (NASDAQ:…
We have several big movers in the after-hours session. We have compiled a news summary and shown the after-hours moves in the following shares this Thursday evening: Chesapeake Energy Corporation (NYSE: CHK); Entropic Communications, Inc. (NASDAQ: ENTR); First Solar, Inc. (NASDAQ: FSLR); Keynote Systems, Inc. (NASDAQ: KEYN); LinkedIn Corporation (NYSE: LNKD); MasTec, Inc. (NYSE: MTZ); OXiGENE Inc. (NASDAQ: OXGN); Starbucks Corporation (NASDAQ: SBUX); and in VIVUS, Inc. (NASDAQ: VVUS).
Chesapeake Energy Corporation (NYSE: CHK) beat earnings at $0.72 EPS versus $0.66 estimates; shares were even higher right after the news but the stock is still up 5% at $30.50 on more than 1.3 million shares in the after-hours session.
Entropic Communications, Inc. (NASDAQ: ENTR) managed to beat estimates at $0.12 EPS, but the after-hours reaction is down 11% at $5.28 on more than 130,000 shares since the close.
First Solar, Inc. (NASDAQ: FSLR) closed up 2% at $48.18 and shares are up another 4% at $50.08 after the company announced manufacturing consolidation moves that will delay a Vietnam plant from opening.
Keynote Systems, Inc. (NASDAQ: KEYN) beat sales and revenue estimates but gave a mixed guidance picture. Shares were down 11% at $22.25 in more than 60,000 shares in the after-hours session.
LinkedIn Corporation (NYSE: LNKD) closed up 3.5% today, but the company reported a loss and said it was selling $100 million in new stock. Shares are down 8.5% at $79.70 in the after-hours reaction.
MasTec, Inc. (NYSE: MTZ) was getting hit in the after-hours session after beating earnings but giving guidance that was mostly in-line; shares were down 12.8% at $19.10 on more than 55,000 shares in the after-hours session.
OXiGENE Inc. (NASDAQ: OXGN) is down a sharp 28% at $1.31 after showing its final data from Phase 2 FALCON study for its ZYBRESTAT in treating Non-Small Cell Lung cancer.
Starbucks Corporation (NASDAQ: SBUX) closed up 0.5% today and the stock is up 2.8% at $42.55 after earnings in the after-hours. The coffee destination retailer posted a 29% rise in profits and it raised the dividend and increased shares under a buyback plan.
VIVUS, Inc. (NASDAQ: VVUS) reported after the close that Qnexa’s Phase III data published in obesity showed a 14.4% average weight loss in severely obese patients completing one year of treatment. Shares were up over 3% at $9.80 after the close on more than 50,000 shares.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.