Benzinga's After Hours Decliners (ERTS, HIG)
Two companies that are selling off in the after hours are Electronic Arts (NASDAQ: ERTS) and Hartford Financial (NYSE: HIG). Both of these names reported earnings after the closing bell today.
Shares of Electronic Arts (ERTS) have lost over 8% of their value after releasing a disappointing earnings report. The company beat Wall Street expectations, but failed to deliver the upside that many investors had expected. ERTS is currently trading at $16.00.
Hartford Financial (HIG) has moved 4.13% lower to $22.49 in the after hours trading session. Despite beating estimates, the company delivered full year 2010 EPS guidance which was underwhelming. Hartford (HIG) said that it expects to earn between $3.70 - $4.00 per share in 2010 versus analysts estimates of $3.96. Essentially, they offered almost no upside to the figures that Wall Street had been projecting, and the stock is being punished accordingly.
