Market Overview

IBM, Steel Dynamics, Pretium Lead Monday's After-Hours Movers

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In a day filled with earnings reports, a few stocks are moving after reporting their financial results on Monday afternoon.

Shares of International Business Machines Corp. (NYSE: IBM) are down almost 4 percent in after-hours, after the company beat earnings estimates but missed revenue expectations. Earnings came in at $3.84 per share on revenue of $20.813 billion, while the Street was modeling earnings of $3.80 per share on sales of $21.001 billion.

Steel Dynamics, Inc. (NASDAQ: STLD) was also scheduled to report its earnings after the market closed on Monday, and is falling in after-hours, after surging for a few minutes after the bell. The stock had already lost more than 2 percent during the day.

Financial results were not yet released.

Small-cap Woodward Inc (NASDAQ: WWD) is slightly up (about 0.3 percent) in after-hours, despite having missed estimates for both earnings and revenues. The company reported earnings of $0.66 per share, versus consensus expectations of $0.71 per share, and revenue of $494.81 million, below the Street’s consensus estimate of $537.18 million.

Rambus Inc. (NASDAQ: RMBS) is the biggest loser in the NASDAQ on Monday afternoon, following the report of in-line earnings of $0.13 per share, and revenue of $72.8 million, slightly above consensus. Despite the not-disappointing results, the stock is down more than 5.2 percent in after-hours trading.

The Big Winner

Pretium Resources Inc (NYSE: PVG) saw the largest surge in the NYSE in after-hours. The stock is up more than 6 percent on Monday afternoon, after plummeting 13.4 percent during the day. However, no particular news seems to be moving the stock, which has been pretty volatile this year.

Posted-In: After-Hours Center Movers


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