After-Hours Stock Movers 10/17: (NFLX) (RECN) (TACO) Higher; (BMI) (NKTR) (IBM) Lower (more...)

October 17, 2016 6:11 PM EDT

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Today's After-Hours Movers

Netflix (NASDAQ: NFLX) 19.8% HIGHER; reported Q3 EPS of $0.12, $0.06 better than the analyst estimate of $0.06. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.28 billion. Q3 U.S. subscriber additions were 370K, versus the consensus of 310K. Q3 Intl. streaming additions were 3.2 million, versus consensus of 2 million. For Q4, Netflix forecast 5.2 million global net adds, with 1.45 million net adds in the US (cons is 1M) and 3.75 million new members internationally (cons is 3.37 million). The company sees Q4 revenue of $2.34 billion, versus the consensus of $2.4 billion. Sees Q4 EPS of $0.13, versus the consensus of $0.07.

Resources Connection (NASDAQ: RECN) 8.9% HIGHER; Plans 6M Share Modified Dutch Auction Tender at $13.50-$16.

Del Taco Restaurants (NASDAQ: TACO) 7.7% HIGHER; reported Q3 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $104.4 million versus the consensus estimate of $101.61 million. GUIDANCE: Del Taco Restaurants sees FY2016 EPS of $0.53-$0.56, versus the consensus of $0.55. Del Taco Restaurants sees FY2016 revenue of $446-449 million, versus prior guidance of $439-449 million and the consensus of $446.8 million.

Badger Meter (NYSE: BMI) 6.5% LOWER; reported Q3 EPS of $0.30, $0.03 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $96.3 million versus the consensus estimate of $105.66 million.

Nektar Therapeutics (Nasdaq: NKTR) 4.3% LOWER; announced that it has commenced an underwritten public offering of $175 million of shares of its common stock. In connection with this offering, Nektar will also grant to the underwriters a 30-day option to purchase up to an additional $26.25 million of shares of common stock. J.P. Morgan is acting as the sole book-running manager in the offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Celanese Corp. (NYSE: CE) 3.8% HIGHER; reported Q3 EPS of $1.67, $0.06 better than the analyst estimate of $1.61. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.38 billion.

IBM (NYSE: IBM) 3.3% LOWER; reported Q3 EPS of $3.29, $0.05 better than the analyst estimate of $3.24. Revenue for the quarter came in at $19.2 billion versus the consensus estimate of $19 billion. Reaffirms outlook.

Visa Inc. (NYSE: V) 1.5% LOWER; announced that Charlie Scharf is resigning as chief executive officer effective December 1, 2016, and the board of directors has unanimously voted to appoint Alfred F. Kelly, Jr. as CEO. Mr. Kelly, a current Visa board member, is the president and chief executive officer of Intersection Co. and the former president of American Express Co.

GigOptix (NYSE: GIG) 1.5% HIGHER; reported Q3 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $15.8 million versus the consensus estimate of $15.52 million. GUIDANCE: GigOptix sees Q4 2016 revenue of $16.0-16.2 million.

Depomed Inc. (Nasdaq: DEPO) 0.8% HIGHER; announced that it has entered into a settlement agreement (Agreement) with its second largest shareholder, Starboard Value LP (together with its affiliates, Starboard), regarding the composition of the Depomed, Inc. (the Company or Depomed) Board of Directors (the Board). Starboard has agreed to withdraw its proxy solicitation and Special Shareholder Meeting request, thereby cancelling the previously scheduled November 15, 2016 Special Shareholder Meeting.



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