Market Overview

Monday's After-Hours Movers Led By Chinese Internet Stocks, Show Carnival, Infoblox And Thor

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Shares of Shoe Carnival, Inc. (NASDAQ: SCVL) were trading up about 3 percent in Monday's after-hours session, following the announcement of the company's third quarter financial results. The small-cap family footwear retailer reported earnings of $0.47 per share, below the Street's consensus of $0.48 per share. However, revenue of $269.71 million came in ahead of estimates that called for $265.85 million.

Infoblox Inc (NYSE: BLOX) was up about 17 percent after the bell rang. The small-cap company reported earnings of $0.13 per share on revenue of $94 million, up 40.9 percent. However, the Street was expecting much lower results. Consensus, in line with management’s guidance, called for earnings of $0.06 per share on sales of $87.9 million.

Thor Industries, Inc. (NYSE: THO) gained more than 3.5 percent. The company reported sales of $1.03 billion, up 12 percent year-over-year; net income of $50.7 million, up 29 percent; diluted earnings per share of $0.97, up 33 percent; and gross profit margins of 14.8 percent, up from 12.8 percent.

On the other hand, Chinese Internet stocks were tumbling on Monday afternoon. Among the biggest decliners: SINA Corp (NASDAQ: SINA) down more than 1.3 percent; Baidu Inc (ADR) (NASDAQ: BIDU) down over 1.8 percent; Sohu.com Inc (NASDAQ: SOHU) down about 2.7 percent;Alibaba Group Holding Ltd (NYSE: BABA) down 0.3 percent; NetEase Inc (ADR) (NASDAQ: NTES) down almost 2 percent; and 58.com Inc (ADR) (NYSE: WUBA), down 1 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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