4 Stocks Moving In Thursday's After-Hours Session
U.S. stocks continued to tumble for a fifth consecutive day as investors digested the Fed’s decision not to increase interest rates.
Let’s take a look into some of the stocks moving in the after-hours session.
Jabil Circuit, Inc. (NYSE: JBL) was down more than 1.1 percent since the bell rang, driven by the announcement of the company’s third quarter results. While EPS of $0.17 beats the Street’s consensus by $0.01, the fourth quarter outlook was disappointing. Management guided for EPS of $0.15 to $0.35, on revenue of $4.15 billion to $4.35 billion. Consensus called for EPS of $0.53 and revenue of $4.66 billion.
Korn/Ferry International (NYSE: KFY) lost 2.25 percent even though fourth quarter EPS of $0.58 and revenue of $417.1 million, up 47.8 percent year-over-year, came in ahead of the Street’s consensus of $0.62 and $446.46 million.
QLogic Corporation (NASDAQ: QLGC) was up almost 12 percent after-hours on news that Cavium Inc (NASDAQ: CAVM) had agreed to acquire the company. The latter will pay $1.36 billion for the former. The deal values QLogic at $15.50 per share,a 9 percent premium to Wednesday’s closing price.
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