Post-Market NASDAQ Movers (BSFT, JAZZ, ATRN, RAME, CCIH, URBN, CASY, EXEL, AMCN, PWRD)
The top after-market NASDAQ stock market gainers are: BroadSoft, Jazz Pharmaceuticals, Atrinsic, RAM Energy Resources, and ChinaCache International Holdings. The top after-market NASDAQ stock market losers are: Urban Outfitters, Casey's General Stores, Exelixis, AirMedia Group, and Perfect World.
Gainers
BroadSoft, Inc. (BSFT) stock jumped 18.19 percent to $41.25 in the after-market trading, as its fourth quarter earnings exceeded Street view. Adjusted profit was $12.2 million or $0.44 a share, up from $1.0 million or $0.07 a share last year. Revenue rose to $35.8 million from $19.3 million. Analysts had expected profit of $0.30 a share on revenue of $31.65 million.
BroadSoft expects first quarter adjusted earnings of $0.04 to $0.11 a share and revenue of $27 million to $29 million, while Street predicts profit of $0.04 a share on revenue of $24.31 million. The company projects full year 2011 adjusted earnings of $0.56 to $0.66 a share and revenue of $116 million to $120 million, while Street predicts profit of $0.56 a share on revenue of $113.89 million.
Jazz Pharmaceuticals, Inc. (JAZZ) stock grew 5.46 percent to $28.79 in the after-market trading, as it guided full year 2011 above Street view. The company expects full year 2011 adjusted earnings of $2.70 to $2.90 a share and product sales of $232 million to $245 million, while Street predicts profit of $2.38 a share on revenue of $224.19 million.
Jazz posted fourth quarter adjusted earnings of $27.2 million or $0.63 a share, up from $10.8 million or $0.33 a share last year. Revenue rose to $53.4 million from $38.3 million. Analysts had expected profit of $0.60 a share on revenue of $51.05 million.
Atrinsic, Inc. (ATRN) stock gained 5.45 percent to $6 in the after-market trading. The stock touched a new 52-week high of $6.90 during Monday's trading, as it said that subscribers to its Kazaa digital music subscription service are already entitled and can access the Kazaa music service on the iPad, iPhone and on Android compatible mobile devices by simply navigating to Kazaa website, without the requirement of downloading and installing a dedicated application.
Atrinsic said this exciting innovation allows Kazaa subscribers to immediately stream music via a broad range of wireless devices, and is especially significant in light of Apple's recent announcement that it will now keep 30 percent of revenue generated by new subscriptions and media purchases made in an iPhone or iPad application through its App Store. The Kazaa digital music subscription service allows customers to pay or charge their subscription to a credit card, mobile phone bill or home telephone bill.
RAM Energy Resources, Inc. (RAME) stock increased 4.90 percent to $2.57 in the after-market trading.
ChinaCache International Holdings Ltd. (CCIH) stock rose 4.06 percent to $20.50 in the after-market trading. Earnings for the fourth quarter were 6.17 million yuan or 0.24 yuan per American Depository Shares (ADS), compared to a loss of 24.86 million yuan or 4.12 yuan per ADS last year. Adjusted earnings were 17.5 million yuan, compared to a loss of 10.4 million yuan last year. Revenue rose 74.4 percent to 123.98 million yuan. The company expects first quarter revenue of 128 million yuan to 133 million yuan, up 68.6 percent to 75.2 percent from last year.
Losers
Urban Outfitters Inc. (URBN) stock plunged 11.95 percent to $33.45 in the after-market trading, as its fourth quarter earnings and revenue missed Street view. Profit was $75.2 million or 45 cents a share, compared to $77.7 million or 45 cents a share last year. Sales rose 14 percent to $668.39 million. Analysts had expected profit of 52 cents a share on revenue of $674.92 million.
Urban Outfitters said comparable retail segment net sales, which include its direct-to-consumer channels, improved 4 percent for the quarter, while comparable store net sales decreased 2 percent for the quarter.
Casey's General Stores Inc. (CASY) stock tumbled 6.04 percent to $38.10 in the after-market trading, as its third quarter earnings missed Street view. Earnings were $12.87 million or $0.34 a share, compared to $17.24 million or $0.34 a share last year. Adjusted earnings were $0.37 a basic share. Revenue rose to $1.37 billion from $1.11 billion. Analysts had expected profit of $0.50 a share on revenue of $1.29 billion.
Exelixis, Inc. (EXEL) stock slid 4.94 percent to $10.78 in the after-market trading. The company said it plans to offer 12.50 million shares of its common stock in an underwritten public offering. The company expects to grant the underwriters a 30-day option to buy up to an additional 1.88 million common shares in connection with the offering. All of the shares in the offering will be sold by Exelixis.
AirMedia Group Inc. (AMCN) stock declined 4.92 percent to $5.41 in the after-market trading. Profit for the fourth quarter was $5.1 million or 7 cents per ADS, compared to a loss of $19.4 million or 30 cents per ADS last year. Adjusted profit was $7.2 million or 10 cents per ADS, compared to a loss of $17.1 million or 26 cents per ADS last year. Revenue rose 56.6 percent to $70.8 million, while net revenue grew 55.2 percent to $68.7 million. Analysts had expected profit of 8 cents per ADS on revenue of $67.77 million.
Perfect World Co., Ltd. (PWRD) stock decreased 4.81 percent to $20.58 in the after-market trading, as its fourth quarter earnings missed Street view. Adjusted earnings were 149.65 million yuan or 2.82 yuan per ADS ($22.67 million or $0.43 per ADS), down from 292.80 million yuan or 5.50 yuan per ADS last year. Revenue fell to 592.99 million yuan ($89.85 million) from 607.90 million yuan. Analysts had expected profit of $0.53 per ADS on revenue of $90.43 million.
Perfect World expects first quarter revenue of 640 million yuan to 664 million yuan, representing an increase of 8 percent to 12 percent on a sequential basis. The company also announced the repurchase of up to $100 million of its ADS during the period from March 2011 to March 2012.
© Copyright IBTimes 2024. All rights reserved.