Four Stocks Posting Big Moves In After-Hours: Earnings Matter

Markets were mixed on Monday, with the S&P and Dow down, driven by tumbling oil prices – and the resulting decline in energy stocks, and the Nasdaq up on the back of strength among tech stocks.

After the market closed, shares of Atwood Oceanics, Inc. ATW gained about 3 percent, following the announcement of the company’s second quarter results. While revenue of $227.8 million, down 31.1 percent year-over-year, missed expectations by $4.94 million, EPS of $1.53 came in $0.63 ahead of the Street’s consensus. The stock had lost 3.65 percent during the regular trading session due to the plummet in oil prices.

On the other hand, Texas Roadhouse Inc TXRH lost more than 7 percent since the bell rang, on its second quarter earnings report. While EPS of $0.47 beat the Street’s by $0.02, revenue of $508.81 million, up percent year-over-year, missed estimates by $1.12 million. A 4.5 percent surge in comparable-restaurant sales at company restaurants could not help the stock either.

Also down in Monday’s after-hours session was Tenet Healthcare Corp THC, which dropped 2.3 percent, even though its second quarter revenue of $4.9 billion implied a 9.1 percent year-over-year increase in sales, and beat analysts’ expectations by $70 million. Weighing on the stock was an earnings miss: EPS of $0.44 missed the Street’s consensus by $0.08, sending the stock price downwards.

Finally, there’s Integrated Device Technology Inc IDTI, one of the largest decliners in the afternoon. After the market closed, the stock plummeted 16.6 percent, even though Q1 EPS of $0.36 were in-line with estimates, and revenue of $192.1 million, up 19.4 percent year-over-year, was $1.04 million larger than expected.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above