Unusual After-Hours Movers on Earnings (CMG, CSGS, EXPE, GLUU, HAIN, HPQ, PIKE, SFLY, TTWO, ZNGA)
Feb 5th 2013 4:52PM
Many stocks are on the move, and almost of the key movers have been on corporate earnings report except for one. We have blown through some of the news in rapid-fire fashion to get more summaries and more movers to you. We have shown the price changes and added color if applicable.
Chipotle Mexican Grill Inc. (NYSE: CMG) investors had grown used to the stock selling off but by beating revenue and meeting earnings estimates the consensus is that it was good enough. Shares were up almost 3% at $313.74 on over 200,000 shares since the closing bell.
CSG Systems International Inc. (NASDAQ: CSGS) is trading higher after beating earnings and raising guidance. Shares are up a sharp 12% at $21.00 but volume is less than 10,000 shares in the after-hours session so far.
Expedia Inc. (NASDAQ: EXPE) must just be considered good enough as revenue beat expectations but its earnings were soft at $0.63 EPS. Shares are up almost 4% at $70.01 in the after-hours trading session.
Glu Mobile Inc. (NASDAQ: GLUU) may have missed the mark as it is warning about first quarter sales even though it beat fourth quarter expectations. Shares are down about 5% at $2.01 in the after-hours session on 30,000 shares.
The Hain Celestial Group Inc. (NASDAQ: HAIN) continues to struggle with valuation on mixed guidance and earnings estimates this year of $2.40 to $2.47 EPS. Shares are down 4% at $57.09 on more than 60,000 shares since the close.
Hewlett-Packard Co. (NYSE: HPQ) is trading higher on more rumors that the company is reconsidering a break-up. We would caution that Meg Whitman decided it would be too costly to do this break-up that Leo Apotheker wanted to do. Shares of the DJIA component are up almost 5% at $17.35 in the after-hours trading session.
Pike Electric Corp. (NYSE: PIKE) reported that revenue rose 59% and shares were already up almost 6% on their own ahead of the report. Now shares are up 9% at $12.00 in the after-hours.
Shutterfly Inc. (NASDAQ: SFLY) is trading up after beating earnings and raising guidance. Shares are up 16% at $38.50 and that will mark a 52-week high.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) was halted for earnings. The video game outfit beat expectations on sales and earnings, but it appears as though guidance may be a tad light. Shares are currently up over 10% at $14.00 but trading is on thin volume.
Zynga Inc. (NASDAQ: ZNGA) is up 6% at $2.91 after earnings and that is after shares rose 7% after Bank of America/Merrill Lynch raised its rating on valuation this morning. FULL ZYNGA COVERAGE
Filed under: 24/7 Wall St. Wire, Active Trader, After-Hours Activity, Earnings, Earnings Warning Tagged: CMG, CSGS, EXPE, GLUU, HAIN, HPQ, PIKE, SFLY, TTWO, ZNGA