Post-Market NASDAQ Movers (BODY, THQI, WTSLA, ALKS, ORCL, GPRO, RIMM, MOVE, ACTG, JRJC)
The top after-market NASDAQ Stock Market gainers are: Body Central, THQ, Wet Seal, Alkermes, and Oracle. The top after-market NASDAQ Stock Market losers are: Gen-Probe, Research In Motion, Move, Acacia Research, and China Finance Online.
Gainers
Body Central Corp. (BODY) stock jumped 11.41 percent to $20.61 in the after-market trading, as it guided first quarter and fiscal 2011 guidance above Street view. The company projects first quarter earnings of 28 cents to 30 cents a share and revenue of $71 million to $72 million, while Street predicts profit of 18 cents a share on revenue of $64.88 million. The company anticipates fiscal 2011 earnings of $1.08 to $1.12 a share and revenue of $286 million to $292 million, while Street predicts profit of $0.96 a share on revenue of $284.95 million.
Body Central reported fourth quarter earnings of $2.7 million or 18 cents a share, up from $1.5 million or 12 cents a share last year. Revenue rose 26.1 percent to $67.07 million. Analyst had expected profit of 26 cents a share on revenue of $62.17 million.
THQ Inc. (THQI) stock grew 7.11 percent to $4.97 in the after-market trading. The company said its recently launched combat game called Homefront has already sold-through an estimated more than one million units across North America, Europe and Asia Pacific markets, on shipments of 2.4 million units to date. In addition, according to UK Chart Track’s March 21st weekly report, Homefront’s reported first weekend sell-through ranked the game as #1 for the week, as well as the best-selling week-one new console release in 2011 in the UK.
Wet Seal Inc. (WTSLA) stock gained 5.07 percent to $3.73 in the after-market trading. Adjusted profit for the fourth quarter was $6.7 million or 7 cents a share, up from $6.1 million or 6 cents a share last year. Sales rose to $165.5 million from $151 million. Analysts had expected profit of 5 cents a share on revenue of $164.67 million. Consolidated comparable store sales increased 1.9 percent.
Wet Seal expects first quarter earnings of 5 cents to 7 cents a share and revenue of $151 million to $155 million, while Street analysts predict profit of 6 cents a share on revenue of $149.33 million.
Alkermes, Inc. (ALKS) stock increased 4.44 percent to $12.95 in the after-market trading. In a regulatory filing, the company said the Compensation Committee of the Board approved Tuesday the Alkermes Fiscal 2012 Reporting Officer Performance Pay Plan (and established performance pay awards that may be earned for the company's fiscal 2012 by the company's executive officers. The performance awards will be paid based on the achievement of company objectives and the individual performance of the Participants, as determined by the Committee.
Oracle Corp. (ORCL) stock rose 4.04 percent to $33.44 in the after-market trading. Adjusted profit for the third quarter was $2.8 billion or 54 cents a share, up from $1.9 billion or 38 cents a share last year. Revenue rose 37 percent to $8.8 billion. Analysts had expected profit of 50 cents a share on revenue of $8.67 billion. The company's board declared a quarterly cash dividend of 6 cents a share, payable to stockholders of record as of the close of business on April 13, with a payment date of May 4.
Losers
Gen-Probe Inc. (GPRO) stock plunged 49.78 percent to $32.76 in the after-market trading.
Research In Motion Limited (RIMM) stock plummeted 10.51 percent to $57.35 in the after-market trading, as it guided first quarter guidance below Street view. The BlackBerry maker said it expects first quarter earnings of $1.47 to $1.55 a share and revenue of $5.2 billion to $5.6 billion, while Street predicts profit of $1.65 a share on revenue of $5.64 billion. For full year 2012, the company expects earnings in excess of $7.50 a share, while Street predicts $6.81 a share.
Research In Motion posted fourth quarter earnings of $934 million or $1.78 a share, up from $710 million or $1.27 a share last year. Revenue rose to $5.6 billion from $4.1 billion. Analysts had expected profit of $1.76 a share on revenue of $5.64 billion.
Separately, the BlackBerry maker announced plans to greatly expand the application ecosystem for the BlackBerry PlayBook. The BlackBerry PlayBook is scheduled to launch in the U.S. and Canada on April 19. RIM would launch two optional app players that provide an application run-time environment for BlackBerry Java apps and Android v2.3 apps.
The company said the new app players would allow users to download BlackBerry Java apps and Android apps from BlackBerry App World and run them on their BlackBerry PlayBook. In addition, RIM would shortly release the native SDK for the BlackBerry PlayBook enabling C/C++ application development on the BlackBerry Tablet OS.
Move, Inc. (MOVE) stock fell 6.02 percent to $2.03 in the after-market trading.
Acacia Research Corp. (ACTG) stock tumbled 4.26 percent to $32.10 in the after-market trading, as it has proposed for a public offering of 5 million shares of its common stock. The company also expects to grant an option to Barclays Capital to buy up to an additional 750,000 shares of common stock.
Acacia Research said it plans to use the net proceeds from the offering for its operations and for other general corporate purposes, including working capital, strategic acquisitions and other transactions.
China Finance Online Co. Ltd. (JRJC) stock slid 3.67 percent to $4.72 in the after-market trading. Profit for the fourth quarter was $89,000 or breakeven per American Depository Share (ADS), compared to a loss of $2.66 million or 13 cents per ADS last year. Adjusted profit was $669,000 or 3 cents per ADS, compared to a loss of $1.08 million or 5 cents per ADS last year. Revenue marginally declined to $14.78 million from $14.99 million. Analysts had expected profit of 1 cent per ADS on revenue of $14.94 million. The company expects fiscal 2011 revenue of $58 million, and adjusted earnings of $3 million. Street analysts predict revenue of $62.92 million.
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