Let’s take a look at Friday’s after-hours movers.
As of 4.30 PM, Encore Wire Corporation WIRE is the biggest gainer. The stock is up more than 8 percent, recuperating some of the ground lost during the day.
Shares of Encore fell 13.24 percent on Friday trading, after the company missed revenues estimates for its second quarter on Thursday evening. Earnings came in at $0.54 per share, ahead of the Street’s consensus of $0.45 per share, but revenue came in below the $272 million estimate, at $253.75 million.
On the other hand, the biggest loser is small-cap aero communications service provider Gogo Inc GOGO. The stock fell 4.4 during the day, and continued to tumble, more than 6 percent to $17.30, after the bell.
The fall came after the stock surged on Thursday, on unconfirmed market chatter about T-Mobile US Inc TMUS having taken a 20 percent stake in the inflight Internet company.
In the New York Stock Exchange, independent energy company Bill Barrett Corporation BBG is surging the most. The stock is up more than 6 percent in after-hours, after plummeting 10.35 percent during the day. The fall came after the company reported that it is providing updated data on certain commodity prices for the second quarter.
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Going back to losers, AngloGold Ashanti Limited (ADR) AU is down more than 4.3 percent on Friday’s evening. Surprisingly, the stock had closed up 3.51 percent on Friday, although gold prices had hit a five-year low during the day.
Back to the Nasdaq exchange, Caesars Entertainment Corp CZR seems to be managing to recuperate the 30 cents lost during the day, after an unfavorable court ruling put it on the brink of bankruptcy. Since the bell rang, the stock is up more than 6.8 percent as investors digest the news.
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