Google, Rackspace, Take-Two Lead Monday's After-Hours Movers
Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares are up nearly 5 percent after the company said in a blog post it is creating a new umbrella corporation, Alphabet, to oversee a collection of companies including Google, Life Sciences, Valico, X Lab and others. Alphabet will remain publicly-traded under the ticker symbols GOOG and GOOGL.
Shares of Rackspace Hosting, Inc. (NYSE: RAX), which fell roughly 1 percent on Monday, are up almost 5 percent to $33.20 after the company’s second-quarter earnings call.
The IT solutions provider reported earnings of $0.20 per share on revenue of $489.4 million, in line with the Street’s consensus estimate, which called for earnings of $0.20 on revenue of $490.69. Revenue also beat guidance of $449.93 million.
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) lost 1.65 percent during the day. The stock was down an extra 3.3 percent in the after-hours session.
Earnings came in at $0.31 per share, above guidance and the Street’s consensus of $0.30 per share. Revenue rose 142 percent year-over-year, to $366.4 million, beating all estimates and guidance.
The biggest winner was magicJack VocalTec Ltd (NASDAQ: CALL), a micro-cap cloud communications company that saw its stock rise more than 15 percent after hours. The surge was driven by better-than-expected earnings of $0.38 per share, versus an estimate of $0.19 per share, on revenue of $25.4 million.
Shake Shack Inc (NYSE: SHAK) was up more than 9 percent since the bell rang. After the market closed, the restaurant operator reported earnings of $0.09 per share on revenue of $48.45 million, comfortably beating the Street’s estimate of $0.03 per share and $42.6 million.
Other movers in Monday’s after-hours session were:
- TubeMogul Inc (NASDAQ: TUBE), up more than 14 percent
- Celldex Therapeutics, Inc. (NASDAQ: CLDX), down roughly 8.6 percent
- Tahoe Resources Inc (NYSE: TAHO), down about 3 percent
- ICU Medical, Incorporated (NASDAQ: ICUI), up roughly 10 percent
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