Saturday, October 31, 2009
Phase Forward posts 3rd-quarter profit decline - Sify
Phase Forward posts 3rd-quarter profit decline
Sify
In after-hours trading, shares fell 36 cents, or 2.8 percent, to $12.67, after shares added 36 cents, or 2.8 percent, to close the regular session at ...
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Bite-size frights - Worcester Telegram
Bite-size frights
Worcester Telegram
There's the animated after-hours trading hunched over tiny shiny packages: a Snickers for a Mars, two Tootsies for the Twizzlers. All that accounts for, oh, ...
Bite-size frights - Worcester Telegram
Bite-size frights
Worcester Telegram
There's the animated after-hours trading hunched over tiny shiny packages: a Snickers for a Mars, two Tootsies for the Twizzlers. All that accounts for, oh, ...
Friday, October 30, 2009
L-3 Communications' Vertex gets $24.6M Navy deal - The Associated Press
L-3 Communications' Vertex gets $24.6M Navy deal
The Associated Press
Work will be completed by October 2010. Shares of the New York, company added 40 cents to $72.69 in after-hours trading, after falling $1.27 to close at $72.29.
and more »
GTx's stock slides before conference call - Bizjournals.com
GTx's stock slides before conference call
Bizjournals.com
The company's stock closed down 10 percent to $8.98 per share on Friday, and was trading down another 98 cents a share in after hours trading.
and more »
TD Ameritrade To Repurchase $271M In ARS From Clients - Filing - Wall Street Journal
TD Ameritrade To Repurchase $271M In ARS From Clients - Filing
Wall Street Journal
Shares of TD Ameritrade closed down 25 cents, or 1.3%, at $19.30. The stock had regained those losses in after-hours trading and was recently up 1.3% at $19.55.
GTx's stock slides before conference call - Memphis Business Journal
GTx's stock slides before conference call
Memphis Business Journal
The company's stock closed down 10 percent to $8.98 per share on Friday, and was trading down another 98 cents a share in after hours trading.
AFTER THE BELL-Novatel Wireless falls - Interactive Investor
AFTER THE BELL-Novatel Wireless falls
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...
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Peet's 3Q profit rises 22 percent, outlook raised - October 30 - KMPH Fox 26
Peet's 3Q profit rises 22 percent, outlook raised - October 30
KMPH Fox 26
Shares rose 17 cents to close at $28.27 on Tuesday, and jumped $1.53, or more than 5 percent in after-hours trading on the strong report. ...
and more »
STOCKS NEWS US-AFTER THE BELL-McAfee shares fall - Forbes
STOCKS NEWS US-AFTER THE BELL-McAfee shares fall
Forbes
compared with a year earlier, when the entire Standard & Poor's 500 index ended in a per-share loss. the third quarter as brightening the outlook for ...
and more »
RADVISION: Stock & Options Alert (RVSN, CSCO)
RADVISION Ltd. (NASDAQ: RVSN) is already trading higher this morning. The company’s earnings yesterday morning were $0.13 non-GAAP EPS and $20.4 million in revenues versus Thomson Reuters figures. And the guidance for Q4 was listed as $0.17 non-GAAP EPS and $21.5 million in revenues. That guidance may be mixed, but it does not signal an imminent drop off. We have also seen upgrades from Morgan Keegan and from Oscar Gruss. But this morning’s boost comes on the heels of reports from overseas that Cisco Systems Inc. (NASDAQ: CSCO) may walk away from the $3.1 billion acquisition of Tandberg.
If you will recall, Tel Aviv, Israel-based RADVISION shares fell from over $9.00 down to about $6.00 at the end of September when this Tandberg deal was announced by Cisco. Cisco is RADVision’s largest customer, and if Cisco is not going to buying a larger company like Tandberg it may either look elsewhere or it may just keep its pacts with RADVision. That may not offer key certainty by any stretch with “may” and with the hypothetical situations, but it leaves the upside for RADVision higher than it did. It is also after the company’s earnings and its guidance.
Where this gets interesting is in the NOV and DEC $7.50 CALLS for a de-leveraged trade. In December, we have seen only 10 contracts trade hands in the DEC-2009 $7.50 CALLS versus a prior open interest of 1,150 contracts. And in November, we have seen only 30 contracts trade in the NOV-2009 $7.50 CALLS versus a prior open interest of 68 contracts. The last price traded on the NOV CALLS was $0.25 and the last on the DEC CALLS was $0.15 and under the current market of $0.25 bid X $0.40 ask per contract.
Either way, with a 5.5% gain to $6.34 today traders are looking at the stock. Volume is already twice-normal at over 420,000 shares as of 10:46 AM EST. That is already above yesterday’s 358,000 shares traded and well above the 100,000 or so seen on many days. Some might also look at an ‘implied floor’ of about $5.60 seen from after the Cisco-Tandberg deal announcement right before earnings this week.
Reports do not constitute any definite outcomes. But that won’t keep traders from speculating either way.
JON C. OGG
OCTOBER 30, 2009
Central Pacific posts record loss of $183M: Troubled commercial loans cited as ... - Trading Markets (press release)
Central Pacific posts record loss of $183M: Troubled commercial loans cited as ...
Trading Markets (press release)
The stock rose about 7 cents to $1.59 in after hours trading yesterday. As of Sept. 30, the bank listed assets of $5.2 billion, which was down 6 percent ...
and more »
BEFORE THE BELL:US Stock Futures Lower Ahead Of Data - Wall Street Journal
BEFORE THE BELL:US Stock Futures Lower Ahead Of Data
Wall Street Journal
Shares rose 3.8% to $27.37 in after-hours trading. Cliffs Natural Resources Inc.'s (CLF) third-quarter profit plummeted 66% on lower volumes in North ...
CIT Challenging Key Levels (CIT)
CIT Group Inc. (NYSE: CIT) Is getting “pantsed” this morning on the NYSE. Goldman Sachs Group (NYSE: GS) has trimmed the size of its loan. Rather than $3 billion, Goldman is loaning some $2.13 billion. This is two days after CIT raised $4.5 billion and as it continues on its restructuring efforts. At 8:56 AM EST we have shares trading down 7.3% at $0.88 on almost 1.4 million shares. Of course the volume is extremely high at 87 million shares on average per day, but this gets the stock within striking distance of yesterday’s $0.85 low and with the $0.82 low on OCT 13. We saw those same levels in early-August. JON OGG
Expedia Expands in China After Earnings (EXPE) - 24/7 Wall St. (blog)
Expedia Expands in China After Earnings (EXPE)
24/7 Wall St. (blog)
Expedia originally traded up last night but went out flat or slightly down depending on what time you use as a cut-off in after-hours trading. ...
and more »
LV Sands reports wider loss - Las Vegas Review - Journal
LV Sands reports wider loss
Las Vegas Review - Journal
In after-hours trading, the company's shares rose $1.24, or 8.4 percent, to reach $16 at 5:30 pm PDT. Contact reporter Howard Stutz at ...
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Thursday, October 29, 2009
First Solar's revenueis below expectations - Toledo Blade
First Solar's revenueis below expectations
Toledo Blade
... up from $349 million a year before, but sharply below the $529 million expected by analysts. That resulted in its stock dropping in after-hours trading.
AFTER THE BELL-Novatel Wireless falls - Interactive Investor
AFTER THE BELL-Novatel Wireless falls
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...
and more »
STOCKS NEWS US-AFTER THE BELL-mcafee shares fall - Forbes
STOCKS NEWS US-AFTER THE BELL-mcafee shares fall
Forbes
compared with a year earlier, when the entire Standard & Poor's 500 index ended in a per-share loss. the third quarter as brightening the outlook for ...
and more »
UPDATE 3-U.S. insurer MetLife posts third-quarter loss - Reuters
UPDATE 3-U.S. insurer MetLife posts third-quarter loss
Reuters
... had shot up earlier in the day as a spate of better-than-expected insurance earnings stoked investor optimism, fell modestly in after-hours trading. ...
and more »
Universal Health Services Q3 Earnings Rise, Top Estimate; Boosts FY09 Earnings ... - Trading Markets (press release)
Universal Health Services Q3 Earnings Rise, Top Estimate; Boosts FY09 Earnings ...
Trading Markets (press release)
... over the past year, closed Thursday's regular trading session at $60.72, up $2.97 or 5.14% and gained an additional $1.07 or 1.76% in after hours trading.
MetLife Reports $620 Million Net Loss - Wall Street Journal
MetLife Reports $620 Million Net Loss
Wall Street Journal
Genworth shares jumped 11% to $11.30 in NYSE after-hours trading for the insurance and financial-services company after rising 17% during the day. ...
and more »
STOCKS NEWS US-AFTER THE BELL-McAfee shares fall - Forbes
STOCKS NEWS US-AFTER THE BELL-McAfee shares fall
Forbes
compared with a year earlier, when the entire Standard & Poor's 500 index ended in a per-share loss. the third quarter as brightening the outlook for ...
and more »
AFTER THE BELL-Novatel Wireless falls - Interactive Investor
AFTER THE BELL-Novatel Wireless falls
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...
and more »
Top Winners & Losers After-Hours (CNXT, GNW, LVS, NVTL, TSRA)
Included is the after-hours moves and pertinent data with a snapshot as of 5:14 PM EST. Estimates are Thomson Reuters data where noted:
Conexant Systems, Inc. (NASDAQ: CNXT) closed at $2.44 and shares are trading at $2.88 up 18.03% on 67,400 shares since the closing bell. This one posted 0.11 EPS vs. $0.09 estimates; imaging and audio businesses grew 18% on a sequential basis and accounted for 58% of total revenues and is raising guidance.
Genworth Financial Inc. (NYSE: GNW) closed at $10.18 and shares are trading at $11.68 up 14.73% on 2,297,577 shares since the closing bell. This already had a monster up-day of 17% before the close, so anyone who bought yesterday cleaned house. The company posted $0.24 EPS vs a -$0.02 estimate. Revenues rose 10% to $2.39 billion, but under the $2.52B estimate. Book value per share grew 10% sequentially to $25.42 per share over the improvement in the markets.
Las Vegas Sands Corp. (NYSE: LVS) closed at $14.76 and is now trading up at $15.99 up 8.33% on 4,810,097 shares since the closing bell. That is on top of a 12% gain today and because the company beat earnings on cost cuts and announced that it has record pre-booked rooms and has more group rooms already booked for 2010 than it expects for all of 2009.
Novatel Wireless, Inc. (NASDAQ: NVTL) closed at $12.19 and shares are trading at $10.13 down by 16.90% on 661,773 shares since the closing bell. The company did beat earnings, but issues are there on guidance. Earnings were $0.20 EPS vs $0.10 EPS estimates; Revenues were up 12.1% to $94.3 million vs. $92.6 million expected. For Q4 the company sees $0.04 to $0.12 EPS and revenues of $85 to $95 million versus estimates of $0.10 EPS and $95.69 mln consensus.
Tessera Technologies, Inc. (NASDAQ: TSRA) closed at $26.86 and shares are trading at $22.55 down by 16.05% on 62,124 shares since the closing bell. Earnings were $0.24 EPS and revenues were up 4% at $66.1 million vs. $0.21 and $65.7 million estimates. But its Q4 revenue guidance is weak at a range of $60 to $62 million vs $69.9 million expected.
JON C. OGG
Wright Medical 3Q Net Flat, But Sales Improve - Wall Street Journal
Wright Medical 3Q Net Flat, But Sales Improve
Wall Street Journal
Shares of Wright rose in after-hours trading Thursday and were recently up 2.5% to $15.79. Shares has dropped by 2.5% during regular trading hours. ...
and more »
Priceline.com To Replace Schering-Plough In S&P 500 Index - Wall Street Journal
Priceline.com To Replace Schering-Plough In S&P 500 Index
Wall Street Journal
Priceline shares were up 4.5% to $170 in after-hours trading. The stock has pulled back from its 52-week high hit Monday but remains up nearly quadruple ...
HGSI Stock & Options Alert (HGSI)
Human Genome Sciences, Inc. (NASDAQ: HGSI) has been soaring today. At 2:45 PM EST we saw this one already cross a full day’s trading volume at 120% normal stock trading volume and that options were picking up throughout the day. This follows the JPMorgan upgrade to Overweight from Neutral ahead of new additional clinical data next week. Our friend over at OptionsHawk.com just sent us more details on the options trading:
Human Genome (HGSI) is trading 84,000 calls and 21,000 puts on the day after an upgrade at JP Morgan before the key November 2nd Benlysta seocnd of two Phase 3 trial data for the treatment of Lupus, which would make it the leading contender in the market for a highly lucrative potential market. Smart money has been bullish the name in recent weeks with 10,000 contract November $25/$30 call spreads and various other strategies as the common consensus is a 70% chance of the drug having a positive outcome. Despite implied volatility being at 193%, many are still betting on volatility expecting a sharper than priced in reaction. Today’s action represents 4X the average call volume, although only 1/4th of the action is offer side buying, but ISE Sentiment indicates 3 calls are being opened for every 1 put. One of the larger trades today is slightly bullish but bearish on volatility as the trader used a butterfly call spread, buying 3,500 of the November $20 and $3 0 calls, and selling 7,000 of the $25 calls, expecting shares to trade around the $25 level and for Implied Volatility to be crushed. -OPTIONSHAWK.COM
-JON C. OGG
Asbury Automotive posts 35 percent jump in 3rd-qtr profit on cost cuts - Gaea Times
Asbury Automotive posts 35 percent jump in 3rd-qtr profit on cost cuts
Gaea Times
The results sent the Beijing-based company's American Depositary shares higher in after-hours trading. Please enable javascript and reload the page to ...
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XL records $11.4m loss - Royal Gazette
Royal Gazette
XL records $11.4m loss
Royal Gazette
The markets welcomed the news as XL shares rose 4.7 percent in after-hours trading, after having dipped 2.4 percent to $16.23 in regular trading. ...
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Transcept Biggest Loser, Near Cash Value (TSPT)
Transcept Pharmaceuticals, Inc. (NASDAQ: TSPT) is getting destroyed and is today’s largest percentage loser by far. The FDA did not approve the comjpany’s experimental sleep disorder drug called Intermezzo. The reason was over safety issues, but the FDA has requested additional data that might require more studies. At 9:00 AM EST we have shares trading down all the way at $6.16, down 46% from the $11.47 closing price. We also have seen some 181,843 shares trade hands, double the 88,000 average. The market cap was $150 million before the cut, so you can cut that almost in half today. The company had $73.6 million in cash and short-term investments on hand at the end of the June 30 quarter. -JON OGG
India's Uniform Sugar Cane Price May Ease Shortages - Bloomberg
India's Uniform Sugar Cane Price May Ease Shortages
Bloomberg
Raw-sugar futures for March delivery rose as much as 1.8 percent to 22.33 cents a pound in after-hours trading on ICE Futures US in New York. ...
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Wall Street Set For Higher Opening Ahead Of GDP Data - Trading Markets (press release)
Wall Street Set For Higher Opening Ahead Of GDP Data
Trading Markets (press release)
CB Richard Ellis shares lost nearly 4% following the news in after-hours trading. Oil Light sweet crude oil price for December delivery is presently quoted ...
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American Superconductor Superhero (AMSC)
American Superconductor Corporation (NASDAQ: AMSC) is not that active yet in the early hours. Yet. The company posted increased revenues of 85% to $74.7 million and non-GAAP EPS to $0.19; it generated $35.8 million in cash from operations and it increased its order backlog to $587 million. The company also raised guidance. Shares closed at $28.84 yesterday, but shares are up 15% as a top pre-market winner at $33.19 on about 22,000 shares as of 8:57 AM EST. Average volume is about 1.03 million shares, but you can expect that to be hit early with this sort of jump. The 52-week trading range is $8.22 to $39.90, so it is obviously a volatile trading stock. JON OGG
First Solar 3Q Net Jumps 54%; Revenue Miss Weighs On Shares - Wall Street Journal
First Solar 3Q Net Jumps 54%; Revenue Miss Weighs On Shares
Wall Street Journal
Shares slumped 15% to $129.30 in after-hours trading as revenue badly missed expectations. The stock has rebounded from its 52-week low of $85.28 in ...
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Australia's Stock Index Falls Most Since June; ANZ Bank Slumps - Bloomberg
Australia's Stock Index Falls Most Since June; ANZ Bank Slumps
Bloomberg
... rival Santos Ltd. sank 2.7 percent to A$14.90. Crude oil in New York dropped 0.3 percent in after-hours trading, adding to yesterday's 2.6 percent slump.
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First Solar Adds to Solar Investors' Concerns - Earth2Tech (blog)
First Solar Adds to Solar Investors' Concerns
Earth2Tech (blog)
In after hours trading, First Solar's stock was down 16 percent at $128, its lowest level since early September. Despite a $1.79 a share net profit, ...
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Wednesday, October 28, 2009
First Solar shares drop in spite of huge profit - Arizona Republic
First Solar shares drop in spite of huge profit
Arizona Republic
Shares fell more than 15 percent - or $23 - in after-hours trading when third-quarter earnings were announced, even though profit rose 54 percent year over ...
and more »
XL Capital reports narrower 3Q loss - The Associated Press
XL Capital reports narrower 3Q loss
The Associated Press
Shares of XL Capital were up 87 cents, or 5.2 percent, to $17.10 in after hours trading, after falling 40 cents during the regular session.
and more »
Ryland Group reports a narrower loss - Los Angeles Times
Ryland Group reports a narrower loss
Los Angeles Times
In after-hours trading Wednesday, the shares crept up 4 cents to $18.70. They had fallen $1.39 to $18.66 in regular trading. All of the company's regional ...
Lincoln National Posts Profit In Q3 - Update - Trading Markets (press release)
Lincoln National Posts Profit In Q3 - Update
Trading Markets (press release)
Following the news, the company's shares gained more than 9% in the after-hours trading. The Radnor, Pennsylvania-based provider of insurance and investment ...
and more »
AFTER THE BELL-Solar energy shares drop after First Solar earns - Reuters UK
AFTER THE BELL-Solar energy shares drop after First Solar earns
Reuters UK
NEW YORK, Oct 28 (Reuters) - Shares in solar energy companies fell in extended trading on Wednesday after industry bellwether First Solar (FSLR. ...
and more »
AFTER THE BELL-Lincoln National shares up after results - Interactive Investor
AFTER THE BELL-Lincoln National shares up after results
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...
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Jarden profit tops view, sees 2010 sales growth - Forexyard
Jarden profit tops view, sees 2010 sales growth
Forexyard
Shares of the US-based maker of Crock-Pots and other household items rose 4 percent in after-hours trading. Chief Executive Martin Franklin said he expects ...
and more »
Aflac posts higher 3Q profit - The Associated Press
Aflac posts higher 3Q profit
The Associated Press
Shares of Aflac slipped 68 cents to $39.61 in after-hours trading, after falling $1.73, or 4 percent, to close the regular session at $40.58.
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CORRECT (10/27): Panera 3Q Profit Up 38%; Sees Growth In 2010 - Wall Street Journal
CORRECT (10/27): Panera 3Q Profit Up 38%; Sees Growth In 2010
Wall Street Journal
In after-hours trading, the company's shares were up 4.4%, at $57.50. The stock is down 12% from its 52-week high six months ago, but remains up 68% over ...
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DREAMWORKS EXPERIENCING DOWNS AND UPS - Contactmusic.com
DREAMWORKS EXPERIENCING DOWNS AND UPS
Contactmusic.com
Nevertheless that was far better than analysts had expected, and the company's stock rose 3.2 percent in after-hours trading and 2.8 percent in early ...
and more »
Harris (NYSE: HRS) 1Q Profit Falls as Revenue Rises - TransWorldNews (press release)
Harris (NYSE: HRS) 1Q Profit Falls as Revenue Rises
TransWorldNews (press release)
Shares gained $2.04, or 5.4 percent, to $39.98 in after-hours trading following the release of the earnings report. In regular trading, the stock fell $1.02 ...
and more »
'Monsters' grab video market - New Zealand Herald
New Zealand Herald
'Monsters' grab video market
New Zealand Herald
Shares in DreamWorks Animation, which is based in Glendale, California, rose 52 cents, or 1.6 per cent, in after-hours trading to $32.50, after closing down ...
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DreamWorks beats 3Q estimates with `MvA' on video - San Luis Obispo Tribune
DreamWorks beats 3Q estimates with `MvA' on video
San Luis Obispo Tribune
Shares in DreamWorks Animation, which is based in Glendale, rose $1.01, or 3.2 percent, in after-hours trading to $32.99, after closing the regular session ...
and more »
PrivateBancorp Continues The Mudslide (PVTB)
PrivateBancorp Inc. (NASDAQ: PVTB) is another actively traded stock on the downside on what may be a day-two dumper. This fell from $11.98 on Monday to $9.65 yesterday on 10+ million shares. On Friday this was a $19.00 stock. This is over concerns on the pricing of its $175M capital raising plan, which actually looks to be the fourth such raise in the last 24 months. Rising credit woes have grown here as well. At 8:57 AM EST we have seen some 1.4 million shares trade hands and the stock is down almost 5% at $9.18. Anything under $9.09 would be a new 52-week low. Average volume is only 700,000 shares, and that number was closer to 550,000 before the recent surge in downward-trading selling volume. JON OGG
Psych Solutions misses Q3 - Nashville Post (subscription)
Psych Solutions misses Q3
Nashville Post (subscription)
Its shares (Ticker: PSYS) took a dive in after-hours trading, falling more than 12 percent to its lowest level since late June.
and more »
Visa Trends Point to Growth - TheStreet.com (subscription)
Visa Trends Point to Growth
TheStreet.com (subscription)
... were happy with Visa's (V - commentary - Trade Now) broadly positive results, driving the stock up a couple percent in after-hours trading Tuesday. ...
Profit-taking, weak data weigh on Wall Street - Livemint
Profit-taking, weak data weigh on Wall Street
Livemint
Its stock rose 1.3% to $74.86 in after-hours trading. On the economic front, the Conference Board's index of consumer confidence fell to 47.7 in October, ...
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Profit-taking, weak data weigh on Wall Street - Livemint
Profit-taking, weak data weigh on Wall Street
Livemint
Its stock rose 1.3% to $74.86 in after-hours trading. On the economic front, the Conference Board's index of consumer confidence fell to 47.7 in October, ...
and more »