Post-Market NASDAQ Movers (TIVO, NVLS, CMRG, CSIQ, AMAT, DMND, NLST, GPOR, SGMO, EXPE)
The top after-market NASDAQ Stock Market gainers are: TiVo, Novellus Systems, Casual Male Retail Group, Canadian Solar, and Applied Materials. The top after-market NASDAQ Stock Market losers are: Diamond Foods, Netlist, Gulfport Energy, Sangamo Biosciences, and Expedia.
Gainers
TiVo Inc. (TIVO) stock grew 6.17 percent to $10.16 in the after-market trading. Loss for the third quarter widened to $24.5 million or $0.21 per share from $20.6 million or $0.18 per share last year. Revenue rose to $64.8 million from $50.9 million. Analysts had expected a loss of $0.23 per share on revenue of $50.6 million. Looking ahead into the fourth quarter, the company expects loss of $31 million to $33 million and technology revenue of $48 million to $50 million. The company said its fourth quarter guidance included higher-than-expected litigation expense relating to AT&T/Microsoft cases where significant activity is scheduled in December and January and the expected impact of flooding in Thailand.
Novellus Systems, Inc. (NVLS) stock gained 4.39 percent to $33.7061 in the after-market trading. The shares regained after it closed Tuesday's regular trading down 4.97 percent at $32.29.
Casual Male Retail Group, Inc. (CMRG) stock increased 4.11 percent to $3.29 in the after-market trading.
Canadian Solar Inc. (CSIQ) stock gained 2.82 percent to $2.55 in the after-market trading. The shares regained after it hit a new 52-week low of $2.07 during Tuesday's regular trading.
Applied Materials Inc. (AMAT) stock rose 2.62 percent to $10.847 in the after-market trading.
Losers
Diamond Foods, Inc. (DMND) stock plunged 17.01 percent to $29.02 in the after-market trading. The stock touched a new 52-week low of $34.24 during Tuesday's regular trading. Rigrodsky & Long, P.A. said it has filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired the stock of Diamond Foods between Dec. 9, 2010 and Nov. 4, 2011, inclusive, alleging violations of the Securities Exchange Act of 1934. Separately, Hagens Berman is deepening its investigation of Diamond Foods' accounting practices and payments to walnut growers for securities violations following recent news of the possible suicide of a member of the company's board of directors and audit committee. On Tuesday, reports indicated that Joseph Silveira , a member of the board of directors at Diamond Foods, had committed suicide. According to a report, Silveira had recused himself from the company's investigation into walnut payments because he managed walnut properties.
Netlist Inc. (NLST) stock fell 5.50 percent to $2.92 in the after-market trading. In a regulatory filing, the company said it entered into a sales agreement with Ascendiant Capital Markets, LLC on Monday. Pursuant to the sales agreement, Netlist may offer and sell shares of its common stock having an aggregate offering price of up to $10 million, from time to time through the Sales Agent. The sales, if any, of the shares under the sales agreement will be made in at the market offerings as defined in Rule 415 of the Securities Act of 1933, including sales made directly on the NASDAQ Global Market, on any other existing trading market for the shares or to or through a market maker. The company plans to use the net proceeds from any sales of shares in the offering for general corporate purposes. The company's management will have significant flexibility in applying the net proceeds of this offering. Until the funds are used, the company plans to invest the net proceeds from this offering in interest-bearing, investment grade securities.
Gulfport Energy Corp. (GPOR) stock declined 2.47 percent to $31.60 in the after-market trading.
Sangamo Biosciences Inc. (SGMO) stock decreased 1.95 percent to $2.52 in the after-market trading. The stock touched a new 52-week low of $2.56 during Tuesday's regular trading.
Expedia Inc. (EXPE) stock declined 1.86 percent to $26.3003 in the after-market trading.
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