Market Overview

After-Hours Recap: CarMax, Wynn, Relypsa, ConAgra, Ruby Tuesday & More

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After catching a break on Wednesday, stocks went declined on Thursday, accompanying oil and the dollar. On the other hand, gold was up roughly 1.5 percent.

The S&P 500 Index lost 1.2 percent on Thursday trading, driven by Freeport-McMoRan Inc (NYSE: FCX), which lost 7.91 percent, and CarMax, Inc (NYSE: KMX), which tumbled 7.15 percent.

The Dow Jones Industrial Index slipped 0.98 percent, with Goldman Sachs Group Inc (NYSE: GS) leading the losses.

The Nasdaq 100 Index fell 1.47 percent, with Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) and Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) posting the largest losses – 5.73 percent and 5.49 percent, respectively.

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The largest gainer in these indexes was Wynn Resorts, Limited (NASDAQ: WYNN), which was up 11.66 percent on the announcement of a new major Las Vegas Strip project called Wynn Paradise Park.

Another big gainer on Thursday was Relypsa Inc (NASDAQ: RLYP), which rose 67.61 percent on renewed rumors of a possible buyout. According to Reuters, the company has hired an advisory firm, responding to “a number of overtures from potential buyers.”

Earnings

CarMax's EPS of $0.74 beat estimates by $0.03, and revenue of $3.71 billion came in $30 million above expectations. Some analysts have attributed the drop to an uncertainty around the company’s future.

ConAgra Foods Inc (NYSE: CAG) gained 1.47 percent, following its fiscal third quarter earnings call. EPS of $0.68 beat the Street’s consensus by $0.10, while revenue of $2.92 billion came in $60 million ahead of estimates. Management declared a quarterly dividend of $0.25 per share, in line with the previous payout.

After the market closed, PriceSmart, Inc. (NASDAQ: PSMT) retrieved fiscal second quarter earnings of $0.85 per share, $0.03 below consensus, on revenue of $777.93 million, which beat estimates by $2.81 million.

After-Hours Movers

WD-40 Company (NASDAQ: WDFC) was trading down 2 percent after-hours. The firm reported earnings of $0.94 per share, $0.08 better than expected. Sales of 94.55 million, down 2.9 percent year-over-year, missed estimates by $4.55 million.

Ruby Tuesday, Inc. (NYSE: RT) lost about 15.7 percent after the bell rang. The restaurants operator and franchisor posted third quarter EPS of $0.03, missing estimates by $0.02. Revenue of $271.47 million also fell $12.67 million short of expectations.

Other stocks posting big moves in Thursday’s after-hours session included:

  • Gap Inc (NYSE: GPS), down roughly 9 percent
  • Duluth Holdings Inc (NASDAQ: DLTH), up approximately 8.3 percent
  • American Equity Investment Life Holding (NYSE: AEL), up almost 5.5 percent

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

Posted-In: Earnings M&A News After-Hours Center Movers

 

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