7 Stocks Moving On Wednesday's After-Hours Trading

Shares of Oracle Corporation ORCL, which rose roughly 0.74 percent during Wednesday trading, fell more than 1 percent in after hours, following the release of the company’s first quarter (fiscal 2016) financial results.

The large-cap enterprise software and computer hardware products and services provider reported earnings of $0.53 per share, one cent above the Street’s consensus estimate (Estimize). However, the figure represents a marked decline in earnings, both quarter-over-quarter and year-over year. Furthermore, Oracle also missed estimates in the revenue front: sales came in at $8.451 billion, below the Street’s projection, which called for revenue of $8.511 billion.

Also moving on its earnings report is Apogee Enterprises Inc APOG. After gaining 1.56 percent during the day, the stock lost more than 9 percent in after-hours trading. The small-cap glass solutions designer and developer delivered earnings of $0.50 per share, beating the Street’s consensus estimate of $0.47 per share. However, same as in Oracle’s case, revenue of $240.75 million fell short of expectations, which called for sales of $241.4 million.

Opposite is the case of Herman Miller, Inc. MLHR, which rose more than 8 percent since the bell rang (on top of the 1.24 percent it had gained during the regular trading session). The small-cap interior furnishings manufacturer retrieved record earnings of $0.56 per share on revenue of $565.4 million, above the Street’s consensus of $0.47 per share and $554.6 million.

Other stocks moving in Wednesday’s after-hours trading include:

• Aerie Pharmaceuticals Inc AERI, up more than 72 percent after the company announced that its second Phase 3 trial of glaucoma treatment Rhopressa, its main product candidate, had retrieved favorable results.
• Lakeland Industries, Inc. LAKE, up more than 12 percent on positive financial results
• JinkoSolar Holding Co., Ltd. JKS, up almost 3 percent on no particular news – it appears.

Disclosure: Javier Hasse holds no stakes in any of the securities mentioned