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Shares of Fossil Group Inc (NASDAQ: FOSL) were down more than 3.4 percent in Tuesday’s after-hours session after tumbling 3.74 percent during the trading day.
After the market closed, the company reported earnings of $1.22 per share on revenue of $740 million, above the Street’s consensus earnings estimate of $0.84 per share, but below its sales projection of $751.57 million. Moreover, results came short of the management’s guidance, which called for EPS of $1.23 and sales of $812.51 million.
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Cree, Inc. (NASDAQ: CREE) was also falling on its earnings report. After losing 2.48 percent during the day, shares were down about 1.6 percent in after-hours trading, as the company missed guidance and estimates.
For the fourth quarter of 2015, Cree retrieved a net loss of ($0.19) per share on revenue of $382.16 million, versus the Street’s expectations of a net loss of ($0.08) per share on sales of $384.9 million, and management’s guidance for earnings of $0.26 per share on revenue of $430 million.
Surging on its earnings call was Myriad Genetics, Inc. (NASDAQ: MYGN). The small-cap molecular diagnostic company saw its stock appreciate 1.35 percent after the bell, as earnings came in in-line with consensus and guidance of $0.41 per share. Revenue of $189.9 million surpassed the Street’s estimate of $187.59 and guidance of $188 million.
CDK Global Inc (NASDAQ: CDK) was up almost 13 percent on no particular news. However, increasing hedge fund support could be driving the surge.
Other stocks moving in after-hours include:
- McDermott International (NYSE: MDR), up more than 7.6 percent.
- Relypsa Inc (NASDAQ: RLYP), up almost 10 percent.
- Outfront Media Inc (NYSE: OUT), down almost 2.5 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.