Top After-Hours Stock Movers for Tuesday

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By Jon C. Ogg Updated Published
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24/7 Wall St. has tracked nine key stocks on the move in the after-hours trading session on Tuesday, August 5, 2014. There will have been other movers as well, but these were the top standout movers. We have shown a synopsis of the news and how shares initially reacted.

DryShips Inc. (NASDAQ: DRYS) reported earnings which was actually a net loss of $5.6 million, or $0.01 basic and diluted loss per share. Still, its adjusted EBITDA nearly doubled to $220.5 million in the quarter. DryShips was up almost 6% at $2.86 after the news.

Enphase Energy, Inc. (NASDAQ: ENPH) reported record revenue of $82.0 million, up a whopping 41%. The solar player also posted roughly breakeven non-GAAP earnings, versus a prior loss. Enphase further said that Shipped 132MW of microinverter systems, up 54% from a year ago. Shares were up a whopping 16% at $11.31 in the after-hours, making Enphase stand out even further in our recent alternative energy stocks with massive upside potential.

First Solar, Inc. (NASDAQ: FSLR) missed its revenue numbers handily, but the company said it was over delayed projects and they even reaffirmed annual earnings. First solar gave GAAP earnings of $0.04 versus estimates of $0.37 for a non-GAAP EPS expectation. Revenues were $544.4 million versus almost $796 million expected. While First Solar shares closed up 0.8% at $63.66, the stock was down by 5.3% at $63.66 in the after-hours session.

Globus Medical, Inc. (NYSE: GMED) said that its sales were $113.6 million, a 6.1% increase – and net income nearly tripled to $20.6 million. The problem is that Globus lowered 2014 revenue guidance to a range of $460 to $465 million and earnings in a range of $0.90 to $0.92 per share. Estimates were $0.94 and revenues was expected to be $483.5 million – both are light. Globus shares were down almost 17% at $18.75 in the after-hours .

Groupon Inc. (NASDAQ: GRPN) is giving its own shareholders a Groupon to buy stock, or at least that is what it looks like after its revenue miss. Groupon shares had traded close to 6 million shares and the stock was down 17% at $5.85 in the after-hours trading session.

Rocket Fuel Inc. (NASDAQ: FUEL) looked good if you just read the summary. Its revenue rose by 70% and gross profit rose 80%. The company also announced that it was acquiring [x+1] for its SaaS-based ad/marketing solutions. Here is the problem with its guidance – the full year standalone guidance now reflects tempered revenue expectations, or softer sales. Rocket Fuel shares were down a whopping 20% at $19.75 in the after-hours.

Time Warner Inc. (NYSE: TWX) saw its shares gutted in the after-hours trading session on Wednesday after 20th Century Fox withdrew its offer to acquire the media house. Time Warner closed down 0.4% at $85.19, but shares fell almost 12% to $75.10 on the news. If you go back to before this would-be offer, Time Warner shares were closer to $71.

Twenty-First Century Fox, Inc. (NASDAQ: FOXA) shares were surging on the news, rising 8% to $33.86 after withdrawing its offer.

ZAGG Inc. (NASDAQ: ZAGG) is an accessories maker for all the electronics you buy over and over.  Its net sales dipped to $50.2 million from $51.2 million a year ago, but the company sold a record number of new SKUs and also saw higher product sell-through due to improved shelf presence and new point-of-sale fixtures. Still, ZAGG reiterated its full year guidance of net sales of $218.0 million to $228.0 million and full year Adjusted EBITDA of $32.0 million to $34.0 million. After closing up 0.7% at $5.27, the stock rose 9% in the after-hours trading session to $5.75.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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