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Top After-Hours Earnings & News Stocks on the Move (ATVI, ANDE, CLWR, SCOR, ENTR, SOLR, LEAP, MELI, WFR, SWI, WLT, WWWW, WILN, ZIP, ZUMZ)
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We are seeing a floodgate of after-hours movers since the 4:00 PM EST closing bell today. Almost all are on earnings and this is setting up a huge round of movers for Thursday. The stocks on the move are as follows: Activision Blizzard, Inc. (NASDAQ: ATVI); The Andersons, Inc. (NASDAQ: ANDE); Clearwire Corporation (NASDAQ: CLWR); comScore, Inc. (NASDAQ: SCOR); Entropic Communications, Inc. (NASDAQ: ENTR); GT Solar International, Inc. (NASDAQ: SOLR); Leap Wireless International, Inc. (NASDAQ: LEAP); MercadoLibre, Inc. (NASDAQ: MELI); MEMC Electronic Materials, Inc. (NYSE: WFR); Solarwinds, Inc. (NYSE: SWI); Walter Energy, Inc. (NYSE: WLT); Web.com Group, Inc. (NASDAQ: WWWW); Wi-Lan Inc. (NASDAQ: WILN); Zipcar, Inc. (NASDAQ: ZIP); and Zumiez Inc. (NASDAQ: ZUMZ).
We have shown a brief news summary and the implied stock price changes on each after the 4:00 PM EST closing bell.
Activision Blizzard, Inc. (NASDAQ: ATVI) closed higher by 1.1% ahead of earnings and its earnings report was given a boost by digital sales this last quarter. Shares are up 3.6% at $12.25, but it will have to rise another 3% before it is outside of a longer-term trading range.
The Andersons, Inc. (NASDAQ: ANDE) beat earnings with $2.42 EPS versus $1.72 estimates as revenues grew 65%… Plant nutrients rule! Shares closed down 1.5% at $38.49 but the stock is up over 7% in the after-hours at $41.25 versus a year range of $32.01 to $51.23.
Clearwire Corporation (NASDAQ: CLWR) rose handily today by 10% but is giving some back after a deeper loss in the quarter and after planning to add LTE Advanced-ready technology to its 4G network. Shares are down 2% at $2.42 in the after-hours session.
comScore, Inc. (NASDAQ: SCOR) announced the acquisition of AdXpose for $22 million in stock, but the earnings are taking the stock south despite 38% revenue growth and 23% EBITDA growth. Shares are down 14.5% at $18.00 after closing at $21.07 today. Keep in mind that the 52-week range is $17.18 to $31.28.
Entropic Communications, Inc. (NASDAQ: ENTR) is down after a 14% drop in sales sequentially, even if it was a gain of 51% from the year ago period. Earnings were down sequentially too. This was not expected and shares are down a whopping 25% at $5.00 in the after-hours session. Shares had already hit a 52-week low of $6.36 today.
GT Solar International, Inc. (NASDAQ: SOLR) is catching a bounce as the solar equipment maker beat earnings estimates and reiterated annual guidance. GT shares fell 3.7% today but the stock is up 5.6% at $13.98 today in the after-hours session. The 52-week range is $6.63 to $17.50.
Leap Wireless International, Inc. (NASDAQ: LEAP) was already weak after MetroPCS stunk up Wall Street this week with earnings. Misery loves company in pre-paid cellular as it saw a drop in subscriber additions. Leap Wireless fell 2.2% to $10.04 today and the stock is down 6.3% at $9.40. That is under the 52-week low of $9.51 by the way.
MercadoLibre, Inc. (NASDAQ: MELI) had sales in line with targets but earnings were light for Q2; shares of the online payment and e-commerce platform in Latin America fell 2.7% but are down 4.4% more at $69.11 in the after-hours.
MEMC Electronic Materials, Inc. (NYSE: WFR) is trading up after beating earnings, even if the year is looking light on guidance. The wafer producer for chip and solar companies was down 0.4% today but the stock is up 5.7% at $7.39 after hitting a 52-week low of $6.82 today.
Solarwinds, Inc. (NYSE: SWI), which is about as far as being out of the solar business as it can be, beat earnings and revenues, guided its third quarter in line with estimates, and guided 2011 in line with estimates. Shares rose over 2% today and is up another 8% at $23.00 after the close.
Walter Energy, Inc. (NYSE: WLT) shares were down 2.5% today ahead of results and the company’s miss on earnings has shares down another 5.5% at $104.45. That is a combined $9.00 move or so from yesterday’s close.
Web.com Group, Inc. (NASDAQ: WWWW) is surging after beating earnings expectations. The big boost is coming as it is acquiring to acquire Network Solutions for $405 million in cash in a deal that is said to be at least 20% accretive to the $1.22 EPS figure for 2012 and with even higher accretion in 2013. This is a coup, and the stock rose over 6% today to $8.66 and is up almost 30% at $11.00 in the after-hours.
Zipcar, Inc. (NASDAQ: ZIP) is surging after the company’s earnings report. The company raised full year guidance and shares are up 16% att $26.70 in the after-hours session. Not bad at all for a freshly public company.
Zumiez Inc. (NASDAQ: ZUMZ) was significantly lower than expected in same-store sales gains of only 4.9%. This one rose 6% to $27.10 today but the stock is down 13% at $23.50 in the after-hours session.
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JON C. OGG
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