Market Overview

Wednesday's After-Hours Movers: Quiksilver, Box, Krispy Kreme, Palo Alto And Con-way


Palo Alto Networks Inc (NYSE: PANW) was up almost 5 percent after the bell rang. The tech company reported fourth-quarter earnings of $0.28 per share on revenue of $283.88 million, beating the Street’s consensus estimate, which called for earnings of $0.25 per share (in line with guidance) on revenue of $255.78 million – close to the high end of guidance of $252 million to $256 million.

On the other hand, shares of Krispy Kreme Doughnuts (NYSE: KKD) were down roughly 15 percent on its earnings report. Earnings came in at $0.15 per share, and revenue came in at $127.34 million. Both figures fell short of the Street’s expectations for earnings of $0.18 per share on sales of $131.08 million.

Clothing company Quiksilver, Inc. (NYSE: ZQK) was one of the biggest losers of the afternoon, down about 80 percent in after-hours trading, after the company filed for bankruptcy and announced a reorganization plan.

Finally, among companies that reported their earnings, there’s Box Inc (NYSE: BOX), which rose 2.66 percent during the day, and an extra 3.43 percent after hours.

The software provider delivered a net loss of ($0.28) per share on revenue of $73.45 million, surpassing the Street’s consensus estimate of ($0.29) and $69.65 million.

The biggest gainer after hours was Con-way Inc (NYSE: CNW), up about 33 percent on the announcement of a $3 billion deal with XPO Logistics Inc (NYSE: XPO), which was slightly up after losing 2.38 percent during the regular session.


Related Articles (KKD + PANW)

View Comments and Join the Discussion!

Posted-In: Earnings News After-Hours Center Movers