Market Overview

Tuesday's After-Hours Movers Led By Fossil, Cree And Myriad


Shares of Fossil Group Inc (NASDAQ: FOSL) were down more than 3.4 percent in Tuesday’s after-hours session after tumbling 3.74 percent during the trading day.

After the market closed, the company reported earnings of $1.22 per share on revenue of $740 million, above the Street’s consensus earnings estimate of $0.84 per share, but below its sales projection of $751.57 million. Moreover, results came short of the management’s guidance, which called for EPS of $1.23 and sales of $812.51 million.

Cree, Inc. (NASDAQ: CREE) was also falling on its earnings report. After losing 2.48 percent during the day, shares were down about 1.6 percent in after-hours trading, as the company missed guidance and estimates.

For the fourth quarter of 2015, Cree retrieved a net loss of ($0.19) per share on revenue of $382.16 million, versus the Street’s expectations of a net loss of ($0.08) per share on sales of $384.9 million, and management’s guidance for earnings of $0.26 per share on revenue of $430 million.

Surging on its earnings call was Myriad Genetics, Inc. (NASDAQ: MYGN). The small-cap molecular diagnostic company saw its stock appreciate 1.35 percent after the bell, as earnings came in in-line with consensus and guidance of $0.41 per share. Revenue of $189.9 million surpassed the Street’s estimate of $187.59 and guidance of $188 million.

CDK Global Inc (NASDAQ: CDK) was up almost 13 percent on no particular news. However, increasing hedge fund support could be driving the surge.

Other stocks moving in after-hours include:

  • McDermott International (NYSE: MDR), up more than 7.6 percent.
  • Relypsa Inc (NASDAQ: RLYP), up almost 10 percent.
  • Outfront Media Inc (NYSE: OUT), down almost 2.5 percent.

Posted-In: Earnings News After-Hours Center Movers


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