Market Overview

Wednesday's After-Hours Movers: Workday, Williams-Sonoma, Avago And More


Shares of Workday Inc (NYSE: WDAY) rose 3.5 percent on Wednesday. In after-hours, the stock jumped another than 4 percent after the company reported its second-quarter (fiscal 2016) financial results.

Earnings came in at $0.02 per share and revenue came in at $282.7 million. This compares to the Street’s consensus estimate, which called for a net loss of ($0.06) per share on revenue of $274.02 million, and the crowd’s projection of ($0.04) per share on sales of $276.14 million.

Williams-Sonoma, Inc. (NYSE: WSM) rose 2.58 percent during the regular session, ahead of its second-quarter earnings call. However, after reporting earnings of $0.58 per share on revenue of $1.127 billion, both in line with the Street’s consensus, the stock started to tumble, and was down more than 6 percent, also due to poor third-quarter guidance.

Avago Technologies Ltd (NASDAQ: AVGO) gained 7.09 percent during the day and an extra 2.4 percent after the bell. For the third quarter of 2015, Avago delivered earnings of $2.24 per share on revenue of $1.75 billion, well above the Street’s projection of $2.13 per share and $1.742 billion, and slightly better than guidance, which called for sales of $1.74 billion.

Finally there’s Guess?, Inc. (NYSE: GES), which returned 7.41 percent during the day, but was down almost 5 percent after-hours. Although earnings and revenue came in ahead of consensus, falling sales and weak guidance drove shares down.

Other stocks moving after-hours include:

  • NQ Mobile Inc (ADR) (NYSE: NQ), up more than 28 percent on its earnings call
  • Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE: SMFG), down almost 9 percent.
  • Nokia Corporation (ADR) (NYSE: NOK), up more than 9 percent.
  • Edap Tms SA (ADR) (NASDAQ: EDAP), up roughly 13 percent.
  • 21Vianet Group Inc (NASDAQ: VNET), down almost 6 percent.

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Posted-In: News After-Hours Center Movers