After-Hours Stock Movers 8/18: (NWY) (SHLM) (CXW) (RH) (CXW) (AMAT) (GEO) (MENT) (ROST) (SQ) (TRN) (PNR) Higher; (FXCM) Lower
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New York & Co. (NYSE: NWY) +27%; reported Q2 EPS of $0.01, $0.01 better than the analyst estimate of $0.00. Revenue for the quarter came in at $232.8 million versus the consensus estimate of $226.92 million.
The Board of Directors of A. Schulman, Inc. (Nasdaq: SHLM) +13%; announced that Chairman Joseph M. Gingo has been named chief executive officer and president, effective immediately. Gingo (71) had previously served in this capacity from 2008 through 2014. The Board and Bernard Rzepka (56), president and chief executive officer, have mutually agreed that he will relinquish his officer role and his directorship role.
Corrections Corp. (NYSE: CXW) +6%; sent out the following commentary today to StreetInsider.com with respect to the Deparment of Justice's move to phase-out the use of private prisons ... It’s important to note that today’s announcement relates only to BOP correctional facilities, which make up seven percent of our business.
Applied Materials (NASDAQ: AMAT) +6%; reported Q3 EPS of $0.50, $0.02 better than the analyst estimate of $0.48. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.84 billion. Applied Materials sees Q4 2016 EPS of $0.61-$0.69, versus the consensus of $0.48.
The GEO Group, Inc. (NYSE: GEO) +5%; commented on the Department of Justice (“DOJ”) announcement regarding contracted prisons for the Federal Bureau of Prison (the “BOP”). GEO has had a long standing private-public partnership with the BOP that dates back to the 1990s. At the federal level, GEO’s facilities have a proven track record of providing cost-effective, high quality services for those entrusted to GEO’s care.
Mentor Graphics (NASDAQ: MENT) +5%; reported Q2 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $254.3 million versus the consensus estimate of $245 million.
Ross Stores (NASDAQ: ROST) +3%; reported Q2 EPS of $0.71, $0.04 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.18 billion versus the consensus estimate of $3.13 billion. Comps increased 4%.
Square (NYSE: SQ) +2%; hedge fund Point72 AssetManagement, L.P. disclosed a 5.4%, or 6,655,080 share, stake in the company. This is up 719.97% from the 811,625 shares held at the end of the latest quarter ending June 30, 2016.
Trinity Industries (NYSE: TRN) 1.1%; disclosed in an SEC filing: On August 18, 2016, Trinity Industries, Inc. and Trinity Highway Products, LLC (together the “Company”) received confirmation from the U.S. Attorney for the District of Massachusetts that it has closed its investigation into the Company’s ET 2000 and ET Plus guardrail end-terminal products without taking enforcement action.
Pentair (NYSE: PNR) +1.1%; Emerson announced it has signed an agreement to purchase the Valves & Controls business.
FXCM (NYSE: FXCM) -9.5%; The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Forex Capital Markets, LLC, charging FXCM with undercapitalization, failure to timely report its undercapitalization violation, and guaranteeing against customer losses. FXCM, with headquarters in New York, New York, is registered with the CFTC as a Retail Foreign Exchange Dealer (RFED).
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