Earnings And M&A Drive Thursday's After-Hours Movers

U.S. markets closed in green on Thursday, posting the largest daily gain in a month, as investors became increasingly convinced that the U.K. will not leave the E.U.

Let’s take a look into some stocks that continued to move in the after-hours session.

Sonic Corporation SONC was trading down more than 5.75 percent, following the announcement of the company’s third quarter results. EPS of $0.43 came in $0.01 ahead of the Street’s consensus, but revenue of $165.24 million missed estimates by $920,000. Same-store sales rose by only 2 percent over the period, while analysts were expecting a 2.7 surge.

SYNNEX Corporation SNX gained 5.3 percent after the bell rang, as its second quarter EPS of $1.37 and revenue of $3.38 billion both beat estimates by $0.06 and $100 million, respectively. Also helping the stock was the guidance, as it now foresees third quarter EPS of $1.52 to $1.57 on revenue of $3.4 billion to $3.53 billion versus the Street’s consensus of $1.52 and $3.4 billion.

Emerge Energy Services LP EMES was up roughly 9.5 percent in Thursday’s after-hours session after announcing it had sold its fuels business to Sunoco LP SUN for $178.5 million. The company plans to use the proceeds of the sale to pay off some of its debt.

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Posted In: EarningsNewsGuidanceCommoditiesAsset SalesM&AAfter-Hours CenterMarketsMovers
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