Why Alcoa, WD-40, Alibaba, Herbalife, Anthera Pharma Are Moving After-Hours

Let’s take a look at some of the most relevant after-hours movers from Wednesday.

Moving After Earnings

Two stocks are moving in after-hours, following their earnings reports on Wednesday afternoon.

Alcoa Inc AA is strangely up 0.76 percent, despite having missed earnings estimates. However, it should be noted that the stock had lost 5.11 percent during the day.

The lightweight metals manufacturer reported earnings of $0.19 per share, below the Street’s consensus of $0.23 per share; however, revenue came in at $5.897 billion, above experts’ estimate of $5.82 billion.

WD-40 Company WDFC also reported disappointing results, and the stock is down about 4.6 percent in after-hours, after having surged 1.8 percent during the trading day. WD-40’s earnings came in at $0.75 per share, one cent below consensus, while sales stood at $92.49 million – versus the Street’s estimate of $99.4 million.

Other Movers

Only one stock in the Nasdaq exchange seems to have lost more than WD-40. This stock is Anthera Pharmaceuticals Inc ANTH. After tumbling 3.47 percent during Wednesday trading, the stock plummeted an extra 11.87 percent after the bell and is now trading at $8.34, after the company announced its intentions to sell some of its Common Stock in an underwritten Public Offering.

Among the biggest winners in the NYSE is Herbalife Ltd. HLF, which lost 4.26 percent during the day, but is up 4.08 percent in after-hours. The late-Wednesday surge could have been triggered by the announcement that the company had been finally awarded a Job Development Investment Grant, which had been approved back in 2013.

Finally, shares of Alibaba Group Holding Ltd BABA are down 0.3 percent in after-hours, after a 2.06 percent decline over the trading session. The late-Wednesday move, however, was driven by the news (or rumor, actually) of the Chinese company preparing to invest more than $100 million in Mei.com.

Posted In: NewsAfter-Hours CenterMoversmei.com
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...