Market Overview

7 Movers From Wednesday's After-Hours Trading

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Shares of Oracle Corporation (NYSE: ORCL) fell more than 1 percent after hours, following the release of the company’s first-quarter (fiscal 2016) financial results.

The large-cap enterprise software and computer hardware products and services provider reported earnings of $0.53 per share, a cent above the Street’s consensus estimate. However, the figure represents a marked decline in earnings, both quarter-over-quarter and year-over year. Oracle also missed estimates in the revenue front: sales came in at $8.451 billion, below the Street’s projection, which called for revenue of $8.511 billion.

Also moving on its earnings report is Apogee Enterprises Inc (NASDAQ: APOG). The stock lost more than 9 percent in after-hours trading. The small-cap glass solutions designer and developer delivered earnings of $0.50 per share, beating the Street’s consensus estimate of $0.47 per share. However, revenue of $240.75 million fell short of expectations, which called for sales of $241.4 million.

Opposite is the case of Herman Miller, Inc. (NASDAQ: MLHR), which rose more than 8 percent after the bell rang. The small-cap interior furnishings manufacturer retrieved record earnings of $0.56 per share on revenue of $565.4 million, above the Street’s consensus of $0.47 per share and $554.6 million.

Other stocks moving in Wednesday’s after-hours trading include:

  • Aerie Pharmaceuticals Inc (NASDAQ: AERI), up more than 72 percent after the company announced that its second Phase 3 trial of glaucoma treatment Rhopressa, its main product candidate, had retrieved favorable results.
  • Lakeland Industries, Inc. (NASDAQ: LAKE), up more than 12 percent on positive financial results
  • JinkoSolar Holding Co., Ltd. (NYSE: JKS), up almost 3 percent on no particular news.
 

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