Post-Market NASDAQ Movers (NVTL, WMGI, ANIK, MELI, THQI, HURN, QCOM, DNDN, VVTV, WBMD, NTRI, BGFV)

By Balasubramanyam Seshan: Subscribe to Balasubramanyam's

November 3, 2011 4:42 AM EDT

The top after-market NASDAQ Stock Market gainers are: Novatel Wireless, Wright Medical Group, Anika Therapeutics, Mercadolibre, THQ, Huron Consulting Group, and Qualcomm. The top after-market NASDAQ Stock Market losers are: Dendreon, ValueVision Media, WebMD Health, Nutrisystem, and Big 5 Sporting Goods.

Share This Story

Gainers

Novatel Wireless Inc. (NVTL) stock jumped 23.39 percent to $4.2938 in the after-market trading. The shares regained after a 17.34 percent fall during Wednesday's regular trading due to its third quarter earnings and fourth quarter guidance.

Wright Medical Group Inc. (WMGI) stock climbed 19.33 percent to $16.9203 in the after-market trading. The shares regained after a 14.53 percent fall during Wednesday's regular trading due to its third quarter earnings and fiscal 2011 guidance.

Anika Therapeutics Inc. (ANIK) stock surged 15.89 percent to $7 in the after-market trading. Profit for the third quarter was $2.98 million or $0.23 per share, up from $1.18 million or $0.09 per share last year. Revenue grew to $18.46 million from $13.87 million.

Follow us

"The FDA recently commenced its inspection of our manufacturing facility in Bedford, Mass. And we are scheduled to complete the migration of the majority of our manufacturing from Woburn, Mass., to Bedford in the first quarter of 2012. Overall, we are well on our way toward making 2011 a successful year for Anika," said Charles Sherwood, chief executive officer of Anika Therapeutics.

Mercadolibre, Inc. (MELI) stock soared 15.11 percent to $73 in the after-market trading. Profit for the third quarter was $26.3 million or $0.60 per share, up from $18.8 million or $0.43 per share last year. Revenue grew 45.9 percent to $81.63 million. Analysts had expected profit of $0.43 per share on revenue of $78.67 million.

THQ Inc. (THQI) stock improved 11.74 percent to $2.38 in the after-market trading. Adjusted loss for the second quarter widened to $46.9 million or $0.69 per share from $40.6 million or $0.60 per share last year. Sales grew to $146.0 million from $77.1 million, while adjusted sales rose to $119.6 million from $70.4 million. Analysts had expected a loss of $0.80 per share on revenue of $104.61 million.

Huron Consulting Group Inc. (HURN) stock grew 9.68 percent to $38.08 in the after-market trading. Earnings from continuing operations for the third quarter were $153,000 or break-even per share, down from $11.05 million or $0.53 per share last year. Adjusted profit from continuing operations was $16.46 million or $0.75 per share, up from $12.97 million or $0.62 per share last year. Revenue rose to $158.86 million from $145.44 million. Analysts had expected profit of $0.51 per share on revenue of $156.87 million.

Looking ahead into the fiscal 2011, the company lowered its earnings guidance to range of $1.00 to $1.10 per share from previous forecast of $1.60 to $1.75 per share. The company narrowed its 2011 adjusted earnings from continuing operations estimate to range of $2.05 to $2.15 per share from previous forecast of $2.05 to $2.20 per share. The company also reduced its 2011 revenue outlook to range of $590 million to $600 million from previous range of $600.0 million to $620.0 million. Street analysts predict profit of $1.69 per share on revenue of $615.92 million for the fiscal 2011.

Qualcomm Inc. (QCOM) stock grew 9.49 percent to $57.13 in the after-market trading. Profit for the fourth quarter was $1.06 billion or $0.62 per share, up from $865 million or $0.53 per share last year. Adjusted earnings were $0.80 per share, up from $0.68 per share last year. Revenue grew to $4.12 billion from $2.95 billion. Analysts had expected profit of $0.78 per share on revenue of $4 billion. Looking ahead into the first quarter, the company expects adjusted earnings of $0.86 to $0.92 per share and revenue of $4.35 billion to $4.75 billion, while Street predicts profit of $0.85 per share on revenue of $4.25 billion. For the fiscal 2012, the company projects adjusted earnings of $3.42 to $3.62 per share and revenue of $18 billion to $19 billion, while Street predicts profit of $3.48 per share on revenue of $17.30 billion.

Losers

Dendreon Corp. (DNDN) stock plunged 22.08 percent to $8.15 in the after-market trading. Loss for the third quarter widened to $147.1 million or $1.00 per share from $79.3 million or $0.56 per share. Adjusted loss widened to $81.3 million or $0.56 per share from $66.1 million or $0.47 per share last year. Revenue grew to $64.3 million from $20.2 million. Analysts had expected a loss of $0.69 per share on revenue of $62.98 million.

ValueVision Media Inc. (VVTV) stock plummeted 20.18 percent to $2.61 in the after-market trading. The company expects third quarter sales growth of about 2 percent to $135 million, while Street predicts $144.14 million. The company said its third quarter sales reflect lower than expected sales in Consumer Electronics and Watches, which offset sales gains in the Jewelry, Home, Health & Beauty, and Fashion & Accessories merchandise categories.

This article is copyrighted by International Business Times, the business news leader
Sponsor Link:
Join the Conversation
IBTimes TV

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit

Recommended for you
  1. An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.Weekly Roundup: Asian Markets Fall On Weak China Data And Euro Zone Debt Concerns
  2. US Stocks Close Mostly Up Week With Mostly Down Day: Daily Markets WrapU.S. equities closed a moderately green week with a moderately red day on Friday, as the Dow Jones Industrial Average fell 74.92 points, or 0.60 percent, to 12,454.83, the S&P 500 index dropped 2.