24/7 Wall St. has tracked several key stocks on the move in Wednesday’s after-hours trading session. There will have been other movers as well, but these were the top movers that we saw. Be advised that some changed directions, which means that they could revert back before the market opens on Thursday. We have shown a synopsis of the news and how shares initially reacted.
Bank of America Corporation (NYSE: BAC) may have gotten back on approval for a dividend hike, but now came word after the close from news reports that BofA is nearing a $16 billion to $17 billion settlement over mortgages tied back to the Countrywide days. Shares closed up 1.3% at $15.20 and the bank was up at $15.24 in after-hours trading.
DexCom, Inc. (NASDAQ: DXCM) said that its revenue grew by 64% to $58.2 million and total revenue grew by 64% to $58.8 million for the second quarter. While this generated a net loss of -$0.09 EPS, this was a penny better than expected on earnings and more than $6 million higher than expected in revenue. DexCom shares closed down 2.3% at $38.21 on Wednesday, but the shares were up over 6% at $40.80 in the after-hours.
Keurig Green Mountain, Inc. (NASDAQ: GMCR) turned in earnings of $0.99 EPS for its third quarter and raised guidance to $0.68 to $0.75 for its third quarter. Thomson Reuters had estimates of $0.88 EPS and $0.86 EPS, respectively. While the stock rose 0.3% in regular trading, Green Mountain shares were down almost 2% at $118.10 as sales appear to be not as robust as some expectations.
Jack in the Box Inc. (NASDAQ: JACK) said ‘what fast food pushback’ after its earnings. Same-store sales were up by 2.4% in its third quarter and the burger chain raised guidance to $2.38 to $2.45 EPS for the year. Its stock fell 3.6% to $55.45 in the regular trading session, but shares were up over 4% at $57.76 in the after-hours.
MBIA Inc. (NYSE: MBI) posted its second quarter earnings after the close, with earnings of $0.45 EPS – earnings $120 million on $187 million in revenues, and its adjusted book value per share was listed as $27.05. MBIA shares closed up 0.5% at $9.35 on the day and the stock was up almost 5% more at $9.79 in Wednesday’s after-hours session.
Molycorp, Inc. (NYSE: MCP) reported a $0.37 loss per share today after the market closed and it reported a $400 million financing arrangement. The take is that this may have saved what earnings could not. Going into earnings today Molycorp fluctuated between the range $1.95 and $2.06 eventually closing at $2.04. In the after-hours Molycorp was up about 10% at $2.26 in the wake of these earnings and this announcement.
Symantec Corporation (NASDAQ:SYMC) Symantec released its earnings after the market closed today reporting an earnings of $0.43 per share. Revenue also grew in the amount of 1.8% from last year to $1.74 billion. Despite an unenthusiastic day fluctuating between $23.47 and $23.89, and some good news from earnings the stock remains stagnate in the after-hours.
Thoratec Corporation (NASDAQ: THOR) was the king of tanks after the close on Wednesday. Its revenue of $118.1 million was $10 million shy of estimates, and the annual guidance of $455 to $470 million was under the estimate of $523 million. Thoratec shares were down almost 25% at $24.45 in active trading. A $30 million accelerated share buyback announcement did not help.
zulily, Inc. (NASDAQ: ZU) said that it was raising its full year guidance with earnings after its second quarter sales rose 97%, but it appears to not be enough. Shares rose 4% ahead of earnings to $39.37 on Wednesday, and the stock popped up on the headlines but then slid after the realization that the numbers were not as strong for the coming quarter(s).
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