24/7 Wall St. has tracked nine key stocks on the move in the after-hours trading session on Tuesday, August 5, 2014. There will have been other movers as well, but these were the top standout movers. We have shown a synopsis of the news and how shares initially reacted.
DryShips Inc. (NASDAQ: DRYS) reported earnings which was actually a net loss of $5.6 million, or $0.01 basic and diluted loss per share. Still, its adjusted EBITDA nearly doubled to $220.5 million in the quarter. DryShips was up almost 6% at $2.86 after the news.
Enphase Energy, Inc. (NASDAQ: ENPH) reported record revenue of $82.0 million, up a whopping 41%. The solar player also posted roughly breakeven non-GAAP earnings, versus a prior loss. Enphase further said that Shipped 132MW of microinverter systems, up 54% from a year ago. Shares were up a whopping 16% at $11.31 in the after-hours, making Enphase stand out even further in our recent alternative energy stocks with massive upside potential.
First Solar, Inc. (NASDAQ: FSLR) missed its revenue numbers handily, but the company said it was over delayed projects and they even reaffirmed annual earnings. First solar gave GAAP earnings of $0.04 versus estimates of $0.37 for a non-GAAP EPS expectation. Revenues were $544.4 million versus almost $796 million expected. While First Solar shares closed up 0.8% at $63.66, the stock was down by 5.3% at $63.66 in the after-hours session.
Globus Medical, Inc. (NYSE: GMED) said that its sales were $113.6 million, a 6.1% increase – and net income nearly tripled to $20.6 million. The problem is that Globus lowered 2014 revenue guidance to a range of $460 to $465 million and earnings in a range of $0.90 to $0.92 per share. Estimates were $0.94 and revenues was expected to be $483.5 million – both are light. Globus shares were down almost 17% at $18.75 in the after-hours .
Groupon Inc. (NASDAQ: GRPN) is giving its own shareholders a Groupon to buy stock, or at least that is what it looks like after its revenue miss. Groupon shares had traded close to 6 million shares and the stock was down 17% at $5.85 in the after-hours trading session.
Rocket Fuel Inc. (NASDAQ: FUEL) looked good if you just read the summary. Its revenue rose by 70% and gross profit rose 80%. The company also announced that it was acquiring [x+1] for its SaaS-based ad/marketing solutions. Here is the problem with its guidance – the full year standalone guidance now reflects tempered revenue expectations, or softer sales. Rocket Fuel shares were down a whopping 20% at $19.75 in the after-hours.
Time Warner Inc. (NYSE: TWX) saw its shares gutted in the after-hours trading session on Wednesday after 20th Century Fox withdrew its offer to acquire the media house. Time Warner closed down 0.4% at $85.19, but shares fell almost 12% to $75.10 on the news. If you go back to before this would-be offer, Time Warner shares were closer to $71.
Twenty-First Century Fox, Inc. (NASDAQ: FOXA) shares were surging on the news, rising 8% to $33.86 after withdrawing its offer.
ZAGG Inc. (NASDAQ: ZAGG) is an accessories maker for all the electronics you buy over and over. Its net sales dipped to $50.2 million from $51.2 million a year ago, but the company sold a record number of new SKUs and also saw higher product sell-through due to improved shelf presence and new point-of-sale fixtures. Still, ZAGG reiterated its full year guidance of net sales of $218.0 million to $228.0 million and full year Adjusted EBITDA of $32.0 million to $34.0 million. After closing up 0.7% at $5.27, the stock rose 9% in the after-hours trading session to $5.75.
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