Market Overview

Thursday's After-Hours Movers Led By Micron, Progress Software & CalAmp

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Shares of Micron Technology, Inc. (NASDAQ: MU) were up more than 6 percent in Thursday’s after-hours trading, following the announcement of the company’s fiscal fourth quarter financial results.

The $15.5 billion market cap provider of semiconductor devices reported earnings of $0.37 per share on revenue of $3.6 billion, in line with the Street’s consensus estimate of $0.37 per share and $3.598 billion. Management had guided for sales between $3.45 billion and $3.7 billion for the quarter. The Thomson Reuters consensus called for EPS of $0.33 on revenue of $3.56 billion.

CalAmp Corp. (NASDAQ: CAMP) was also up more than 6 percent on its earnings call, although it lost most of the ground gained. The small-cap provider of wireless communications solutions delivered earnings of $0.27 per share on revenue of $69.81 million, beating the Street’s consensus of $0.25 per share and $68.04 million. This is the company’s fifth consecutive earnings beat.

Progress Software Corporation (NASDAQ: PRGS) was down more than 12 percent on its earnings report, even though earnings of $0.39 per share surpassed the Street’s estimate of $0.36 per share. The decline was driven by a revenue miss, as sales of $94.6 million fell short of expectations for sales of $102.9 million. The company also announced it will host an invite-only Investor and Analyst Day on Tuesday, October 20.

Other stocks that moved considerably after the bell rang include:

  • Coherus Biosciences Inc (NASDAQ: CHRS), up more than 6 percent.
  • Keurig Green Mountain Inc (NASDAQ: GMCR), down more than 4 percent.
  • Nordstrom, Inc. (NYSE: JWN), up over 4 percent.
  • Axovant Sciences Ltd (NYSE: AXON), down about 5 percent.

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

Posted-In: Earnings News After-Hours Center Movers

 

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