Market Update After Hours March 7

Market Summary

Dow Jones 14,296.24 42.47 -0.30%
S&P 500 1,541.46 1.67 -0.11%
Nasdaq 3,222.37 -1.76 (-0.05%)

Top Gainers

CTC Media, Inc. (NASDAQ:CTCM) 11.69 +1.65 (16.43%)

CTC Media, Inc. reported fourth-quarter net income to stockholders of $64.88 million or $0.41 per share, compared to a loss of $24.54 million or $0.16 per share last year. Total operating revenues increased to $264.23 million from $236.76 million prior year.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) 16.68 +2.19 (15.11%)

Tibco Software Inc. (NASDAQ:TIBX) 23.37 +2.37 (11.29%)

TIBX up following Bank of America/Merrill Lynch expert Kash Ragan lifting his rating on the firm to buy from neutral and reiterated his price target of $26 per share.

Alpha Natural Resources, Inc. (NYSE:ANR) 8.45 +0.76 (9.88%)

Fourth quarter 2012 proved to be better than expected for ANR. ANR was able to beat the analysts’ earnings consensus for 4Q’12. The Company registered better than expected revenue for the quarter.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) 18.36 +1.47 (8.70%)

Stock moved up as the company has announced to raise the wholesale price of diesel fuel 5 percent effective at midnight in order to combat losses from selling fuel at prices below world-market levels.

Top Losers

Sohu.com Inc. (NASDAQ:SOHU) 43.44 -5.40 (-11.06%)

Reuters reported that Chinese Internet portal Sohu.com Inc. denied a media report on Wednesday that the company is talking to investment banks and private equity funds about a possible plan to take the company private.

American Eagle Outfitters (NYSE:AEO) 20.27 -2.28 (-10.11%)

AEO posted higher fourth-quarter income per share from continuing operations of $94.78 million, or $0.47 per share, versus the prior year’s $60.37 million, or $0.31 per share.

The Fresh Market Inc. (NASDAQ:TFM) 38.42 -4.13 (-9.71%)

The Fresh Market, Inc. on Wednesday reported a rise in profit for the fourth quarter on the back of higher sales for the period. Earnings per share, missed analyst expectations. The company also provided outlook for the coming fiscal year.

Changyou.Com Ltd (ADR) (NASDAQ:CYOU) 29.55 -2.69 (-8.34%)

Reuters reported that Changyou.com Ltd announced that for the first quarter of 2013, it expects total revenues between $168.0-$174.0 million, non-GAAP net income between $74.0-$77.0 million, non-GAAP fully diluted earnings per ADS (EPS) between $1.38 – $1.44. This guidance is better than the market estimates.

Qihoo 360 Technology Co Ltd. (NYSE:QIHU) 32.19 -2.63 (-7.55%)

Qihoo 360 technology Co. Ltd. reported net income for the fourth quarter attributable to ordinary shareholders of $12.9 million or $0.11 per ADS, compared to $15.0 million or $0.13 per ADS for the year-ago quarter. Thomson Reuters expected the company to earn $0.17 per ADS on revenue of $93.68 million for the fourth quarter.

After Hours Most Active

NYSE Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
CX Cemex S.A.B. de C.V. $11.42 6,144,764
TLM Talisman Energy Inc. $12.25 3,118,294
BAC Bank of America Corporation $11.90 1,532,499
HHC Howard Hughes Corporation (The) $77.50 1,509,657
STJ St. Jude Medical, Inc. $41.81 1,374,415
VALE/P VALE S.A. $18.20 1,150,000
HST Host Hotels & Resorts, Inc. $16.52 1,087,418
VALE VALE S.A. $19.02 1,043,062
MTG MGIC Investment Corporation $5.48 853,260
O Realty Income Corporation $46.10 832,194

NASDAQ Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
SIRI Sirius XM Radio Inc. $3.25 5,153,103
DTV DIRECTV $49 2,188,131
PETM PetSmart, Inc $62.01 1,282,915
VMED Virgin Media Inc. $47.34 750,201
DELL Dell Inc. $14.35 712,132
INTC Intel Corporation $21.77 676,427
VOD Vodafone Group Plc $27.24 667,879
CSCO Cisco Systems, Inc. $21.68 647,188
SYMC Symantec Corporation $24.52 637,408
ACWI iShares MSCI ACWI Index Fund $50.42 601,434

 

edliston

edliston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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