Shares of Micron Technology, Inc. MU are up more than 6 percent on Thursday’s after-hours trading, following the announcement of the company’s fiscal fourth quarter financial results.
The $15.5 billion market cap provider of semiconductor devices reported earnings of $0.37 per share on revenue of $3.6 billion, in line with the Street’s consensus estimate of $0.37 per share and $3.598 billion (Estimize). Management had guided for sales between $3.45 billion and $3.7 billion for the quarter. The Thomson Reuters consensus called for EPS of $0.33 on revenue of $3.56 billion.
CalAmp Corp. CAMP was also up more than 6 percent on its earnings call – although then it lost most of the ground gained. The small-cap provider of wireless communications solutions delivered earnings of $0.27 per share on revenue of $69.81 million, beating the Street’s consensus of $0.25 per share and $68.04 million. This is the company’s fifth consecutive earnings beat.
On the other hand, Progress Software Corporation PRGS is down more than 12 percent on its earnings report, even though earnings of $0.39 per share surpassed the Street’s estimate of $0.36 per share. The decline was driven by a revenue miss (sales of $94.6 million fell short of expectations for sales of $102.9 million). The company also announced it will host an invite-only Investor and Analyst Day on Tuesday, October 20.
Other stocks that moved considerably since the bell rang include:
- Coherus Biosciences Inc CHRS, up more than 6 percent
- Keurig Green Mountain Inc GMCR, down more than 4 percent
- Nordstrom, Inc. JWN, up over 4 percent
- Axovant Sciences Ltd AXON, down about 5 percent
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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