Following are the notable stocks which are showing unusual trading moves in ater hours session on Wednesday:-
Dillard's, Inc.(NYSE:DDS) shares jumped about 7% in afterhours activity as the company posted solid second quarter profit thanks to strong gains in same-store sales and cost savings. The company said that it earned $31 million, or 63 cents per share, up 76.10% from a year ago profit of $17.6 million, or 32 cents per share. Comparable sales grew 3% whereas total revenue grew 3.20% to $1.49 billion. Gross margin during the quarter improved by 70 bps to 34.30%.
How Should Investors Trade DDS Now, Get Free Trend Analysis
Zynga Inc(NASDAQ:ZNGA) witnessed another bad news as the company said that John Schappert, the chief operating officer of online game maker Zynga Inc., resigned from the company after less than a year and a half on the job. Zynga declined to say whether it's replacing Schappert. But it said that Schappert's resignation is not related to any disagreement with the Zynga on any matter relating to the company's operations, policies or practices.
Will ZNGA Struggle To recover Now? Get Special Report
Rosetta Stone Inc(NYSE:RST) slumped 24% in after hours after the company said that it lost $4.5 million or 22 cents a share in the second quarter, compared to a year ago loss of $4.6 million or 22 cents a share. Revenue decreased 9% to $60.8 million reflecting the rationalization of less efficient kiosks, lower sales internationally and a decline in the Institutional business because of the non-renewal of the Army and Marines contracts last year.
How Should Investors Trade RST After today’s Earnings
However, the company notes international consumer sales fell 33% Y/Y to $8.1M, worse than Q1's 14% drop, and U.S. consumer swung from a 52% Q1 increase to a 4% decline. Institutional sales fell 2%, nearly even with Q1. Rosetta is expanding its 2012 adjusted EBITDA guidance range to the downside, but is leaving its revenue guidance unchanged. The Street appears skeptical.
MBIA Inc.(NYSE:MBI) added 5% after the company posted higher second-quarter net income thanks to a $1.2 billion pre-tax unrealized gains on insured credit derivatives. Nte income during the quarter came in at $581 million, or $2.98 per share, from $137 million, or 68 cents per share, a year earlier. MBIA's total premiums earned in the U.S. public finance insurance segment rose 23 percent to $130 million.
The company reported an adjusted pre-tax loss of $152 million in the quarter, compared with a profit of $161 million a year earlier.