After-Hours Recap: CarMax, Wynn, Relypsa, ConAgra, Ruby Tuesday & More

After catching a break on Wednesday, stocks went declined on Thursday, accompanying oil and the dollar. On the other hand, gold was up roughly 1.5 percent.

The S&P 500 Index lost 1.2 percent on Thursday trading, driven by Freeport-McMoRan Inc FCX, which lost 7.91 percent, and CarMax, Inc KMX, which tumbled 7.15 percent.

The Dow Jones Industrial Index slipped 0.98 percent, with Goldman Sachs Group Inc GS leading the losses.

The Nasdaq 100 Index fell 1.47 percent, with Alexion Pharmaceuticals, Inc. ALXN and Vertex Pharmaceuticals Incorporated VRTX posting the largest losses – 5.73 percent and 5.49 percent, respectively.

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The largest gainer in these indexes was Wynn Resorts, Limited WYNN, which was up 11.66 percent on the announcement of a new major Las Vegas Strip project called Wynn Paradise Park.

Another big gainer on Thursday was Relypsa Inc RLYP, which rose 67.61 percent on renewed rumors of a possible buyout. According to Reuters, the company has hired an advisory firm, responding to “a number of overtures from potential buyers.”

Earnings

CarMax's EPS of $0.74 beat estimates by $0.03, and revenue of $3.71 billion came in $30 million above expectations. Some analysts have attributed the drop to an uncertainty around the company’s future.

ConAgra Foods Inc CAG gained 1.47 percent, following its fiscal third quarter earnings call. EPS of $0.68 beat the Street’s consensus by $0.10, while revenue of $2.92 billion came in $60 million ahead of estimates. Management declared a quarterly dividend of $0.25 per share, in line with the previous payout.

After the market closed, PriceSmart, Inc. PSMT retrieved fiscal second quarter earnings of $0.85 per share, $0.03 below consensus, on revenue of $777.93 million, which beat estimates by $2.81 million.

After-Hours Movers

WD-40 Company WDFC was trading down 2 percent after-hours. The firm reported earnings of $0.94 per share, $0.08 better than expected. Sales of 94.55 million, down 2.9 percent year-over-year, missed estimates by $4.55 million.

Ruby Tuesday, Inc. RT lost about 15.7 percent after the bell rang. The restaurants operator and franchisor posted third quarter EPS of $0.03, missing estimates by $0.02. Revenue of $271.47 million also fell $12.67 million short of expectations.

Other stocks posting big moves in Thursday’s after-hours session included:

• Gap Inc GPS, down roughly 9 percent
• Duluth Holdings Inc DLTH, up approximately 8.3 percent
• American Equity Investment Life Holding AEL, up almost 5.5 percent

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.