9 Stocks Moving In Today's After-Hours Session

Shares of Cree, Inc. (NASDAQ: CREE) were trading down about 16 percent in Tuesday’s after-hours session, after the company announced its fiscal third quarter preliminary results. Management said it expects non-GAAP EPS of $0.13 to $0.15, well below consensus of $0.24. Revenue of $367 million not only implies a 10.4 percent year-over-year decline, but it also falls short of estimates of $414.35 million. The company cited weakness in its lighting products business as one of the main drivers of the feeble results.

Spirit Airlines Incorporated (NASDAQ: SAVE) gained more than 3.6 percent after the bell rang on Tuesday, in what seemed like a correction of the 3.53 percent tumble the stock experienced over the day.

OneMain Holdings Inc (NYSE: OMF) gained more than 5.25 percent after the market closed, after having tumbled 5.02 percent during the regular session.

Jabil Circuit, Inc. (NYSE: JBL) was up almost 4 percent after the company posted its form 10Q quarterly report with the SEC.

Other stocks surging after-hours included:

• SM Energy Co (NYSE: SM), up 5.3 percent
• Gramercy Property Trust (NYSE: GPT), up 4 percent
• Gap Inc (NYSE: GPS), up 3.5 percent
• AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG), up 2.6 percent
• Corvus Pharmaceuticals Inc (NASDAQ: CRVS), up 2.25 percent

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above