Market Overview

Alphabet, Matel & PDL BioPharma Are Moving After-Hours


Shares of Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) were trading up more than 5.8 percent in Monday’s after-hours session following the announcement of the company’s fourth quarter fiscal 2015 results. The tech behemoth reported earnings of $8.67 per share on revenue of $17.274 billion, well above the Street’s consensus of $8.17 per share and $16.866 billion.

An interesting data point following the earnings call: Apple Inc. (NASDAQ: AAPL) is no longer the largest publicly traded company in the world. Alphabet's market cap now stands above $550 billion, versus Apple's $538 billion.

See Also: Alphabet Just Passed Apple As The Market's Most Valuable Company

Mattel, Inc. (NASDAQ: MAT) gained more than 7.6 percent after the market closed. The toymaker reported fourth quarter fiscal 2015 earnings of $0.63 per share on revenue of $2 billion, comfortably beating the Street's consensus estimate of $0.60 per share and $1.922 billion.

PDL BioPharma Inc (NASDAQ: PDLI) was trading down about 14.6 percent in Monday’s after-hours session, after the company announced its Board of Directors had approved a $0.05 per share dividend for the first quarter of 2016, payable March 11 to stockholders of record as of March 4. The figure seems to have disappointed investors as the dividend used to be $0.15 per share.

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

Posted-In: Earnings News Dividends After-Hours Center Movers


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