Earnings season is now on the second half of its crest, and investors and traders alike are seeing serious winners and losers from each day’s major earnings. 24/7 Wall St. has tracked eight top after-hours movers from this Wednesday.
Color has been offered on each earnings report or news event. Also included is data on pre-news trading and after-hours trading.
Expedia Inc. (NASDAQ: EXPE) was last seen posting a loss, but if you back out items it earned $0.77 per share. The company’s bookings were up 32% to $15 billion. All in all, it was an earnings miss, but Expedia shares were up 12.9% at $106.50 on more than 1.2 million shares trading hands since the closing bell.
LifeLock Inc. (NYSE: LOCK) had its share or problems with an FTC issue before, and now its earnings gave sellers a reason to go in. LifeLock was up 1.5% at $11.46 before earnings, but the after-hours reaction had its shares down 5.8% at $10.80 in the after-hours session on about 30,000 shares trading within an hour after the closing bell. This was LifeLock’s 43rd consecutive quarter of sequential growth in both revenue and cumulative ending members in the fourth quarter.
Mylan N.V. (NASDAQ: MYL) closed down 0.4% at $50.54 ahead of earnings, but the company was last seen down 7% at $46.98 on more than 400,000 shares in less than an hour since the close. Mylan showed that it made $4.30 per share in 2015 but the company is now acquiring Swedish drug-maker Meda for a 92% premium, valued at $$9.9 billion (or $7.2 billion).
Tesla Motors Inc. (NASDAQ: TSLA) looked like a disaster in the making after reporting a loss. What is driving the horse here for the electric vehicle make is that Tesla gave delivery expectations that are cooling some of the serious demand fears due to slowing economics and lower gas prices. Tesla closed down 3% at $143.67, but the shares were last seen up 11% at $160.00 or so in the after-hours session with over 1.4 million shares traded in the after-hours’ first 90 minutes or so.
Twitter Inc. (NYSE: TWTR) had very weak sequential user report by some metrics, not good for what is supposed to be the “other social media giant.” Its earnings were also lackluster. The last big move was seen down 3.20% at $14.50, and we had seen over 7 million shares trade in an hour after the closing bell. This stock had a 52-week range of $14.31 to $53.49 coming into earnings.
Other movers seen were as follows in Wednesday’s after-hours trading session:
Hortonworks Inc. (NASDAQ: HDP) was down 75% from its 52-week high at one point, but the stock rose 5% at $7.83 ahead of earnings. Then the stock was last seen up almost 15% at $9.00 on over 80,000 share in about an hour since the 4:00 pm close. Hortonworks sure sounded solid for such a cautious Nelly environment: subscription revenue growth of 146%, more than doubled its customer base in 2015, exited 2015 with over 800 customers and had 159% dollar-based net expansion rate over the past year.
HubSpot Inc. (NYSE: HUBS) posted solid fourth-quarter earnings. Total revenue was up 56% to $53.1 million and its subscription revenue was up 58% to $49.6 million. HubSpot rose by 5.5% to $29.04 ahead of earnings and the stock was up 13% at $32.82 after earnings. Volume was light in the after-hours but this was the largest NYSE after-hours gainer in percentage terms.
iRobot Corp. (NASDAQ: IRBT) was last seen down $3.64 (-11%) at $29.45, but that was after dropping 3.2% to $33.09 on the day. The company said that 2015 was another great year with record quarterly revenue and its divestiture of the Defense & Security business will allow it to focus on the home and deliver accelerated revenue growth in 2016 and beyond. One issue is that revenue (ex-D&S) is expected to grow 11% to 13% in 2016. It also talked up heavy investing from 2016 to 2018.
Pilgrim’s Pride Corp. (NASDAQ: PPC) was up 1.5% at $22.44 before earnings, but a $300 expansion to its existing share repurchase program and 2015 operating income of $1.04 billion and 12.8% margin failed to impress. That sent shares down another 11.5% to $19.95 in the after-hours trading session. Pilgrim’s Pride has a 52-week range of $17.39 to $28.79.