Market Overview

4 Stocks Moving In Tuesday's After-Hours Session: Earnings, Buybacks & FDA Setbacks


U.S. markets finally rebounded on Tuesday. Every one of the 10 sectors in the S&P 500 spiked, helped by gains in energy stocks, while the Nasdaq Composite was driven upwards by tech stocks.

Let’s take a look into some stocks that continued to move after the market closed on Tuesday.

Following the announcement of its fourth quarter results, Nike Inc (NYSE: NKE) lost 7 percent. While EPS of $0.49 came in $0.01 above the Street’s consensus, revenue of $8.24 billion, up 5.9 percent year-over-year, missed estimates by $40 million. A 30 basis points decline in gross margins to 45.9 percent was also weighing on the stock.

Shares of AeroVironment, Inc. (NASDAQ: AVAV) tumbled about 3.5 percent after the bell rang. EPS of $0.23 beat expectations by $0.30, but revenue of $84.8 million, down 1.9 percent year-over-year, missed the Street’s consensus by $490,000.

CalAmp Corp. (NASDAQ: CAMP) was up roughly 0.78 percent after posting first quarter EPS of $0.30 ($0.09 above the Street) on revenue of $91.1 million – $10.35 million higher than anticipated. Even though guidance for the second quarter was somewhat disappointing, a new $25 million share buyback authorization and the strong first quarter results helped offset the bad news.

Esperion Therapeutics Inc (NASDAQ: ESPR) plummeted almost 29 percent in after-hours trading, after failing to reach an agreement with the FDA regarding a definitive approval path for its ETC-1002, a cholesterol-lowering pill.

Posted-In: Earnings News Guidance Buybacks FDA After-Hours Center Movers


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