The top after-market NASDAQ stock market gainers are: Limelight Networks, Insight Enterprises, Mercer International, Perry Ellis International, and Corinthian Colleges. The top after-market NASDAQ stock market losers are: Anika Therapeutics, Carmike Cinemas, Ultra Clean Holdings, Nasdaq OMX Group, and First Business Financial Services.
Limelight Networks, Inc. (LLNW) stock jumped 19.97 percent to $7.75 in the after-market trading, as its fourth quarter earnings and revenue exceeded Street view. Loss narrowed to $6.35 million or 6 cents a share from $9.73 million or 11 cents a share last year. Adjusted earnings were 1 cent a share. Revenue grew 64 percent to $55.2 million. Analysts had expected breakeven a share on revenue of $53.32 million.
Limelight expects first quarter revenue of $48.0 million to $49.5 million, while Street predicts $48.20 million. The company anticipates full year revenue to increase 15 percent to 20 percent over 2010 reported revenue of $183.3 million, while Street predicts $212.85 million on revenue growth of $17.30 percent.
Shares of Insight Enterprises Inc. (NSIT) climbed 18.89 percent to $17.37 in the after-hours trading, as it guided fiscal 2011 earnings above Street view. The company expects fiscal 2011 earnings of $1.70 to $1.80 a share, while Street predicts $1.67 a share. The company also posted fourth quarter earnings of $24.97 million or 53 cents a share, up from $17.4 million or 37 cents a share last year. Sales rose 14 percent to $1.34 billion. Analysts had expected profit of 43 cents a share on revenue of $1.35 billion for the fourth quarter.
Mercer International Inc. (MERC) stock grew 7.78 percent to $12.88 in the after-market session, as its fourth quarter profit exceeded Street view on higher pulp prices. Earnings were 35.3 million euros ($48 million) or 63 euro cents a share, up from 2.7 million euros or 6 euro cents a share last year, while Thomson Reuters analysts predict 47 euro cents a share. Pulp revenue rose 50 percent to 232.2 million euros, while energy revenue rose to 13.4 million euros from 9.8 million euros.
Shares of Perry Ellis International Inc. (PERY) gained 5.87 percent to $31 in the after-hours session, as its full year 2012 earnings and revenue guidance came in above Street view. The company anticipates fiscal 2012 earnings of $2.50 to $2.65 a share and revenue of about $1 billion, while Street predicts profit of $2.45 a share on revenue of $943.69 million.
Perry Ellis also expects fourth quarter earnings of 66 cents to 69 cents a share, while Street predicts 66 cents a share. The company projects fiscal 2011 adjusted earnings of $1.82 to $1.85 a share and revenue of about $790 million, while Street analysts predict profit of $1.83 a share on revenue of $792.18 million.
Corinthian Colleges Inc. (COCO) stock increased 4.64 percent to $5.19 in the after-market trading. The company received draft Cohort Default Rates (CDRs) from the federal Department of Education for students of the company's institutions who entered repayment during the federal fiscal year ending September 30, 2009. The company said thirteen institutions exceeded the 25 percent default threshold, compared with the eight institutions which exceeded the 25 percent default rate threshold for the 2008 Cohort.
On an on-going basis, Corinthian Colleges monitor cohort repayment data, and is currently monitoring the repayment and default status of the 2009, 2010, and 2011 Cohorts. The most recent data the company has received regarding defaults from the 2010 Cohort is encouraging. Given the trend data now available, the company believe that none of its institutions will exceed the 25 percent threshold under Department of Education's two-year measurement methodology for three years in a row.
For the 2010 Cohort, Corinthian Colleges does not expect any of its institutions to exceed the required 25 percent threshold. The company believes that these positive trends are the result of three main factors: its substantial investment in cohort default management over the past 18 months; stabilization in the student lending environment; and the increased participation of loan servicers in default management.
Shares of Anika Therapeutics Inc. (ANIK) plunged 15.23 percent to $8.07 in the after-market trading.
Carmike Cinemas Inc. (CKEC) stock lost 8.11 percent to $6.80 in the after-hours trading.
Shares of Ultra Clean Holdings Inc. (UCTT) slid 7.06 percent to $12.25 in the after-market session, as its first quarter earnings guidance missed Street view. The cmopany anticipates first quarter earnings of 19 cents to 23 cents a share and revenue of $119 million to $124 million, while Street predicts profit of 25 cents a share on revenue of $113.70 million.
Ultra Clean reported fourth quarter profit was $3.9 million or 17 cents a share, up from $2.5 million or 11 cents a share last year. The latest quarter results included one-time employment related cash charges of $400,000. Revenue grew 65.3 percent to $120.3 million. Analysts had expected profit of 23 cents a share on revenue of $113.07 million.
Nasdaq OMX Group Inc. (NDAQ) stock fell 6.55 percent to $27.70 in the after-hours session, as its chief financial officer and executive vice president, corporate strategy Adena Friedman would be leaving Nasdaq OMX, effective March 4. Friedman would be joining Washington, D.C.-based private equity firm The Carlyle Group as managing director, chief financial officer and member of the operating committee.
Former NASDAQ OMX chief financial officer David Warren has been appointed special advisor to the chief executive officer and Ronald Hassen, senior vice president, controller and principal accounting officer would become interim chief financial officer.
Shares of First Business Financial Services, Inc. (FBIZ) declined 3.95 percent to $11.20 in the after-market trading.