The top after-market Nasdaq gainers Tuesday were Boston Private Financial Hldg, Endo Health Solutions Inc, Marten Transport Ltd, ImmunoGen Inc, and The Wet Seal Inc. The top after-market Nasdaq losers were E2open Inc, InnerWorkings Inc., Cirrus Logic, and QuinStreet Inc.
Boston Private Financial Hldg Inc (NASDAQ:BPFH) shares climbed 13.66 percent to $10.90 in post-market trading. The company Tuesday announced that it has entered into an agreement with The Carlyle Group (CG) to repurchase all of the shares of BPFH preferred stock held by an investment fund managed by Carlyle. The company also announced a quarterly dividend. Stockholders of record as of May 4, will be paid a dividend of $0.05 per share on May 17.
Endo Health Solutions Inc. (NASDAQ:ENDP) shares rose 6.01 percent to $36.95 in post-market trading after the FDA said it will not approve generic copies of the company’s old version of OxyContin on the grounds that the newer, reformulated OxyContin was found to be tougher to crush, break or dissolve.
Marten Transport Ltd. (NASDAQ:MRTN) shares advanced 5.38 percent to $19.99 in post-market trading. The company reported a 32 percent jump in first quarter profit, beating analysts' forecast of $0.06 earnings per share. Its net income rose to $7.2 million, or $0.32 a share, from $5.4 million, or $0.25, a year earlier. Analysts forecast $0.26 earnings per share.
ImmunoGen Inc. (NASDAQ:IMGN) shares gained 4.10 percent to $16.00 in post-market trading. The company shares have a 52-week low of $10.85, a 52-week high of $18.10 and $1.29 billion in market capitalization.
The Wet Seal Inc. (NASDAQ:WTSL) shares surged 2.43 percent to $3.16 in post-market trading. The company shares have a 52-week low of $2.42, a 52-week high of $3.54 and $276.67 million in market capitalization.
E2open Inc. (NASDAQ:EOPN) shares plunged 26.23 percent to $13.70 in post-market trading after the developer of an integrated cloud-based platform for supply chain management posted a loss for the fourth quarter and gave a weak outlook for the current quarter. The company reported a fourth quarter non-GAAP loss of $0.06 per share after the close Tuesday, down from the profit of $0.05 per share last year. The consensus estimate was for a loss of $0.05. For the first quarter of fiscal year 2014, the company forecast a non-GAAP loss between $0.18 and $0.22 per share and for the full year, it forecast earnings per share between $0.33 and $0.36 against the consensus estimates of a loss of $0.03 for the first quarter and a profit of $0.04 for the full year.
InnerWorkings Inc. (NASDAQ:INWK) shares declined 20.17 percent to $11.20 in post-market trading. The company cut its full year 2013 outlook, citing a change in control at a large retail client that resulted in the loss of a significant portion of work to another provider. It lowered the FY13 revenue guidance to $900 million to $930 million from the previous forecast of $930 million to $960 million, against the consensus estimate of $945.75 million.
Cirrus Logic Inc. (NASDAQ:CRUS) shares lost 10.84 percent to $19.09 in post-market trading. The company said it expects to record a significant inventory reserve charge in the fourth quarter and that its margins for the period will be weaker than expected. For the first quarter, Cirrus expects revenue of $150 million to $170 million, below the analysts' estimate of $195 million. The company expects its margins to return to the 50% to 52% range in the first quarter.
QuinStreet Inc. (NASDAQ:QNST) shares dropped 7.98 percent to $6.00 in post-market trading. The company shares have a 52-week low of $5.41, a 52-week high of $11.90 and $278.98 million in market capitalization.