Earnings season may be well into the second half, but earnings reports and other news are still moving many key stocks. 24/7 Wall St. has identified nine after-hours stocks with strong moves up or down for Thursday, February 4, 2016. These certainly are not the only stocks on the move, but they are the ones that stood out the most an hour after the close.
Included in our coverage here is a news brief on each mover and relative color. We have included trading data and volume data to show relevance. All investors need to understand that big moves in the after-hours trading session can reverse or become even more extreme after conference calls and after analysts and investors get to further interpret the reports.
Lastly, even the most seasoned traders and investors would warn that the after-hours trading session is often considered to be the Wild West meets Wall Street.
Deckers Outdoor Corp. (NASDAQ: DECK) was punished due to a weak winter selling season. It didn’t say “Ugh!” over Uggs, but the news came with additional warnings, lower margins — even with a gain in revenue on a constant currency basis. Deckers shares were down 2.6% at $48.78 ahead of earnings, and then its stock was down another 8% to $45.00. The stock’s 52-week range is $40.74 to $78.00. Some 300,000 shares or so had traded hands in the first 80 minutes in the after-hours session.
Hanesbrands Inc. (NYSE: HBI) reported that 2015 adjusted EPS was up 17% to $1.66 and that it sees 2016 adjusted EPS rising by 11% to 15% to $1.85 to $1.91 in 2016. Still, its quarterly report and outlook are not enough. This stock was last seen down 11% at $26.16 in the after-hours on roughly 50,000 shares in the first 45 minutes since the 4 p.m. close.
Hess Corp. (NYSE: HES) saw its shares slide on news of a capital raise. Hess will sell 25,000,000 common shares and 10,000,000 depositary shares in an effort to strengthen its balance sheet and to help its longer term capital needs. The stock was down 6.5% at $40.65 on over 1.7 million shares in roughly the first hour since the closing bell.
LinkedIn Corp. (NYSE: LNKD) beat earnings but its stock was battered after the professional social networking site had guidance short of expectations. This is at a new 52-week low of $144 after a 25% drop and there had been a whopping 2 million shares in the first 45 minutes of trading after the closing bell. LinkedIn’s prior 52-week trading range was $165.57 to $276.18 and its market of $25 billion at the close implies that LinkedIn’s stock will have lost $6 billion or so in market value.
Splunk Inc. (NASDAQ: SPLK) was following Tableau Data lower without having news of its own. Shares were last seen down 8.8% at $43.00 in the after-hours and over 36,000 shares were traded in the first 45 minutes after the closing bell. This could mark a new 52-week low if it holds up as the 52-week range was last seen at $43.80 to $76.85.
Symantec Corp. (NASDAQ: SYMC) is still extremely boring and challenged, but shares rose after earnings and on news that Silver Lake will invest $500 million in the company. Symantec is lowering its regular dividend but paying a special dividend as well. This stock was up 8% at $20.75 in the after-hours versus a 52-week range of $18.31 to $26.36.
Tableau Software Inc. (NYSE: DATA) was up 2.7% to $81.75 before earnings, but the unexpected loss and license revenue miss sent shares down a whopping 45% to $44.50 in the first hour of trading after the 4PM close. Its volume was roughly 2.2 million shares, almost double a normal day’s trading volume from 9:30 to 4:00. This marks a new 52-week low for Tableau Software as the prior range of the last year has been $71.61 to $131.34.
Ubiquiti Networks Inc. (NASDAQ: UBNT) was the Nasdaq’s biggest after-hours winner. The company’s earnings report showed Enterprise Technology revenues increased 9% and that Service Provider Technology revenues increased 6% sequentially, and it completed $50 million stock repurchase plan. Ubiquiti shares were last seen up 21% at $33.99 on about 82,000 shares in the first hour of the after-hours session.
YRC Worldwide Inc. (NASDAQ: YRCW) was up 8.5% ahead of earnings, but the loss after the report was giving back about twice its gain with a 17.2% loss down to $8.87. That is barely above the 52-week low of $8.13 and trading volume was on over 500,000 shares by 5:00 p.m. At that time, YRC was the Nasdaq’s biggest after-hours loser in percentage terms.
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