Top After-Hours Stock Movers For Monday

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By Chris Lange Updated Published
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24/7 Wall St. has tracked six key after-hours stocks on the move on Monday, August 4, 2014. There will have been other movers as well, but we have shown a brief driver of the news and how shares initially reacted from the news.

American International Group, Inc. (NYSE: AIG) managed to beat earnings expectations handily, and the insurance giant said that it spent $1.1 billion buying back stock in the second quarter. While no guidance was given and while no formal passing of the baton was made by Robert Benmosche, AIG shares were up over 2% at $53.88 in the after-hours session.

Avis Budget Group, Inc. (NASDAQ: CAR) was trending upwards  in the wake of announcing that its earnings per share were 68 cents versus the analysts’ prediction of only 61 cents. The earnings per share guidance for the year was adjusted as well up from $2.75 a share to $3.05. Avis in the after hours was trading at $60.50 which was over 6% of the close.

Five9, Inc. (NASDAQ: FIVN) is doing a total 180-turn after the close. After rising over 5% ahead of earnings, it turns out that revenues were light and guidance was light for the cloud software provider for contact centers. Shares were down by 25% at $5.70 in the after-hours trading session.

GT Advanced Technologies, Inc. (NASDAQ: GTAT) saw its stock soar after earnings. Despite a big drop from a year ago with new quarterly sales of $58 million, its second quarter gross profit was 25.2% of revenues. The company ended the second quarter with $333 million of cash and equivalents and GTA ended the quarter with $628 million of equipment backlog. GT Advanced Tech shares rose over 1% in regular trading, but the stock was up 11% at $15.70 in the after-hours trading session.

LeapFrog Enterprises, Inc. (NYSE: LF) is taking a hit after previously announcing that it was going to simplify business processes. The educational toy-maker’s report showed that its consolidated net sales were down 43% to $47.0 million — U.S. sales were down 47% and international sales were down 34%, generating a loss of $0.23  per share versus a loss of $0.05 per share a year ago. LeapFrog shares were up almost 2% ahead of earnings, but the stock was down 8% at $6.94 in the after-hours session.

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RetailMeNot, Inc. (NASDAQ: SALE) revenues missed expectations while their earnings were inline.  Net revenues were $59.5 million, an increase of 37% – to no avail as estimates were for revenues  of $60.2 million. They had fallen 17.09% from a close at $25.03 to $20.75 in the after hours.

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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