Top After-Hours Stock Movers For Monday
Thinkstock24/7 Wall St. has tracked six key after-hours stocks on the move on Monday, August 4, 2014. There will have been other movers as well, but we have shown a brief driver of the news and how shares initially reacted from…
24/7 Wall St. has tracked six key after-hours stocks on the move on Monday, August 4, 2014. There will have been other movers as well, but we have shown a brief driver of the news and how shares initially reacted from the news.
American International Group, Inc. (NYSE: AIG) managed to beat earnings expectations handily, and the insurance giant said that it spent $1.1 billion buying back stock in the second quarter. While no guidance was given and while no formal passing of the baton was made by Robert Benmosche, AIG shares were up over 2% at $53.88 in the after-hours session.
Avis Budget Group, Inc. (NASDAQ: CAR) was trending upwards in the wake of announcing that its earnings per share were 68 cents versus the analysts’ prediction of only 61 cents. The earnings per share guidance for the year was adjusted as well up from $2.75 a share to $3.05. Avis in the after hours was trading at $60.50 which was over 6% of the close.
Five9, Inc. (NASDAQ: FIVN) is doing a total 180-turn after the close. After rising over 5% ahead of earnings, it turns out that revenues were light and guidance was light for the cloud software provider for contact centers. Shares were down by 25% at $5.70 in the after-hours trading session.
GT Advanced Technologies, Inc. (NASDAQ: GTAT) saw its stock soar after earnings. Despite a big drop from a year ago with new quarterly sales of $58 million, its second quarter gross profit was 25.2% of revenues. The company ended the second quarter with $333 million of cash and equivalents and GTA ended the quarter with $628 million of equipment backlog. GT Advanced Tech shares rose over 1% in regular trading, but the stock was up 11% at $15.70 in the after-hours trading session.
LeapFrog Enterprises, Inc. (NYSE: LF) is taking a hit after previously announcing that it was going to simplify business processes. The educational toy-maker’s report showed that its consolidated net sales were down 43% to $47.0 million — U.S. sales were down 47% and international sales were down 34%, generating a loss of $0.23 per share versus a loss of $0.05 per share a year ago. LeapFrog shares were up almost 2% ahead of earnings, but the stock was down 8% at $6.94 in the after-hours session.
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RetailMeNot, Inc. (NASDAQ: SALE) revenues missed expectations while their earnings were inline. Net revenues were $59.5 million, an increase of 37% – to no avail as estimates were for revenues of $60.2 million. They had fallen 17.09% from a close at $25.03 to $20.75 in the after hours.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
