U.S. stock markets closed slightly down on Monday trading, after a pretty volatile session ahead of the FOMC meetings, with big banking stocks offsetting the 1.17 percent decline in Apple Inc. (NASDAQ: AAPL).
After the market closed, Ascena Retail Group Inc (NASDAQ: ASNA) reported its Q4 financial results. Revenue of $1.81 billion, up 54.7 percent year-over-year, beat estimates by $40 million, but EPS of $0.08 fell $0.08 short of the Street’s expectations. In addition, management guided for Q1 EPS in the $0.16 to $0.21 range, well below expectations for $0.38. The company envisions full-year guidance EPS of $0.60-$0.65, versus a $0.69 estimate, and sales of $6.9 $7 billion, also lower than consensus of $7.06 billion. Shares traded down 24.1 percent in after-hours.
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SeaWorld Entertainment Inc (NYSE: SEAS) tumbled roughly 10.5 percent, after trimming its dividend by more than 52 percent, to $0.10 per share, and announcing this would be the last payment before suspending it.
Oclaro, Inc. (NASDAQ: OCLR) slipped about 5.7 percent after-hours. The decline followed the company’s announcement that it would offer 13 million newly-issued shares of common stock. Management said it intends to use the proceeds for general purposes.
Finally, there’s Encana Corp (USA) (NYSE: ECA), down more than 5 percent since the market closed, driven by the announcement of a public offering of 107 million shares. The company said half of the net proceeds will be used to fund a portion of next year’s capital program, and the other half to pay down debt.
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