Market Overview

Google, Rackspace, Take-Two Lead Monday's After-Hours Movers

Related GOOG
Tech Sector Earnings Are Coming Up: What's Been Going On In Q4?
10 Ways AI Has Made Your Life Easier, Via Your Smartphone
Venture capital deals of the week (Seeking Alpha)
Related GOOGL
Upcoming Netflix Earnings: Subscriber Growth And Price Hikes In Focus
BlackBerry Launches Jarvis Platform, An 'Ideal' Automotive Solution
Venture capital deals of the week (Seeking Alpha)

Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares are up nearly 5 percent after the company said in a blog post it is creating a new umbrella corporation, Alphabet, to oversee a collection of companies including Google, Life Sciences, Valico, X Lab and others. Alphabet will remain publicly-traded under the ticker symbols GOOG and GOOGL.

Shares of Rackspace Hosting, Inc. (NYSE: RAX), which fell roughly 1 percent on Monday, are up almost 5 percent to $33.20 after the company’s second-quarter earnings call.

The IT solutions provider reported earnings of $0.20 per share on revenue of $489.4 million, in line with the Street’s consensus estimate, which called for earnings of $0.20 on revenue of $490.69. Revenue also beat guidance of $449.93 million.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) lost 1.65 percent during the day. The stock was down an extra 3.3 percent in the after-hours session.

Earnings came in at $0.31 per share, above guidance and the Street’s consensus of $0.30 per share. Revenue rose 142 percent year-over-year, to $366.4 million, beating all estimates and guidance.

The biggest winner was magicJack VocalTec Ltd (NASDAQ: CALL), a micro-cap cloud communications company that saw its stock rise more than 15 percent after hours. The surge was driven by better-than-expected earnings of $0.38 per share, versus an estimate of $0.19 per share, on revenue of $25.4 million.

Shake Shack Inc (NYSE: SHAK) was up more than 9 percent since the bell rang. After the market closed, the restaurant operator reported earnings of $0.09 per share on revenue of $48.45 million, comfortably beating the Street’s estimate of $0.03 per share and $42.6 million.

Other movers in Monday’s after-hours session were:

  • TubeMogul Inc (NASDAQ: TUBE), up more than 14 percent
  • Celldex Therapeutics, Inc. (NASDAQ: CLDX), down roughly 8.6 percent
  • Tahoe Resources Inc (NYSE: TAHO), down about 3 percent
  • ICU Medical, Incorporated (NASDAQ: ICUI), up roughly 10 percent

Posted-In: News After-Hours Center Movers


Related Articles (CALL + CLDX)

View Comments and Join the Discussion!