Market Overview

Monday's After-Hours Movers: Ocwen Financial, NutriSystem And McDermott International Lead The Pack


McDermott International (NYSE: MDR) shares jumped more than 22 percent in the extended session Monday after the Houston-based engineering and construction company posted better than expected fourth quarter earnings results along with a revenue outlook that exceeds the Wall Street consensus.

NutriSystem Inc. (NASDAQ: NTRI) gained nearly 12 percent in Monday's extended session after the weight-loss meal plan provider beat earnings expectations for the fourth quarter.

CNinsure Inc.'s (NASDAQ: CISG) American depositary receipts increased more than 6 percent after the Chinese provider of property, casualty and life insurance posted fourth quarter earnings that beat the Wall Street consensus.

Ocwen Financial Corp. (NYSE: OCN) gained more than 6 percent after the company said it agreed to sell mortgage servicing rights on $45 billion of performing Agency loans, and obtained replacement financing on a $450 million servicing advance facility.

Opower Inc. (NYSE: OPWR) plunged 19 percent after the cloud computing company posted a narrower-than-expected fourth quarter net loss, but offered a revenue outlook below the consensus.

Workiva Inc. (NYSE: WK) declined more than 6 percent, although the company didn't issue any negative news. Workiva is expected to post results March 11.

Akorn Inc. (NASDAQ: AKRX) slipped 3 percent after-hours. Earlier, the company said it had encountered "unforseen delays" in compiling information for its Form 10-K annual report for the year ended December 31.

Cumulus Media Inc. (NASDAQ: CMLS) fell 3 percent after the Atlanta-based radio station company missed fourth quarter expectations.

Sensata Technologies Holding N.V. (NYSE: ST) fell more than 4 percent, although the Netherlands-based electrical control and power management systems provider didn't issue any news.

TCP International Holdings Ltd. (NYSE: TCPI) dropped 4 percent in Monday's extended session after news Friday that its chief attorney filed suit against the company and its chief executive. TCP's share price is off nearly 60 percent in the past week.


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Posted-In: News After-Hours Center Movers