Why These 7 Stocks Are Moving In Today's After-Hours Session

Shares of Starbucks Corporation SBUX were trading down more than 3.6 percent on Thursday’s after-hours session, following the announcement of the company’s first quarter fiscal 2016 financial results. Earnings of $0.46 per share came in one cent above the Street’s consensus, while sales of $5.374 billion were pretty much in line with expectations. Despite having met estimates, investors were not happy with the company’s profit outlook, which was the main element driving the stock’s decline.

Also moving on its earnings call was Intuitive Surgical, Inc. ISRG, up more than 2 percent since the bell rang. The company announced fourth quarter adjusted earnings of $5.89 per share, substantially above the $5.01 consensus estimate. Sales of $676.5 million beat estimates of $654.88 million.

Another gainer on Thursday afternoon was Schlumberger Limited. SLB, up more than 1.5 percent on its financial results. The company reported earnings of $0.65 per share, two cents above consensus, on revenue of $7.744 billion, almost in line with expectations for 7.79 billion.

Back to losers, there’s American Express Company AXP, down over 2 percent on its earnings report. The payments giant delivered earnings of $1.23 per share, versus estimates of $1.13. However, revenue of $8.391 billion came in below estimates of $8.531 billion.

Other stocks registering big moves since the bell rang were:

  • Cardiovascular Systems Inc CSII, down more than 23 percent on poor financial results.
  • Lattice Semiconductor LSCC, down almost 10 percent after having gained 10.76 percent over the day.
  • Digi International Inc. DGII, down about 9 percent on a slight revenue miss.

 

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

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Posted In: EarningsNewsAfter-Hours CenterInformation TechnologySemiconductors
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