U.S. stock markets were mixed on Wednesday, as losses in energy and consumer goods stocks counterbalanced the post-earnings
gains witnessed in the tech segment, and investors digested the Fed’s decision to, once again, stay put on interest rates.
After the market closed, Groupon Inc (NASDAQ: GRPN) reported its second quarter results, sending the stock up more than 24
percent. A net loss of ($0.01) per share was $0.01 smaller than expected, while revenue of $756 million came in well ahead of the
$711 million consensus. Also helping the stock were the more than 1 million new customer ads. Management said it expects full year
revenue between $3 billion and $3.1 billion, surpassing estimates of $3 billion, and EBITDA between $140 million and $165 million,
versus consensus at $120 million.
Student Transportation Inc (NASDAQ: STB)
gained more than 32 percent after the bell rang, driven by the announcement of two transactions. The company announced a c$85
million bought deal offering of convertible unsecured subordinated debentures, lowering, which will result in lower interest
expenses. The small cap also amended and increased its senior credit facility from $225 million to $340 million, extending it for a
five-year period, to 2021.
Argos Therapeutics Inc (NASDAQ: ARGS)
plummeted more than 19.3 percent, following the
announcement of a proposed public offering of common stock and warrants.
Wednesday’s after-hours session saw several stocks fluctuating on its earnings reports. Among them were:
-
GoPro Inc (NASDAQ: GPRO), down about
0.9 percent.
-
Facebook Inc (NASDAQ: FB), up 6.5
percent.
-
Whole Foods Market, Inc. (NASDAQ: WFM),
down 4 percent.
-
Cirrus Logic, Inc. (NASDAQ: CRUS), up
14.2 percent.
-
Marvell Technology Group Ltd. (NASDAQ: MRVL), up 5 percent.
-
O'Reilly Automotive Inc (NASDAQ: ORLY),
down 1.5 percent.
-
Cheesecake Factory Inc (NASDAQ: CAKE),
up 1.7 percent.
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