After-Hours Movers: Tesla (TSLA) Edges Higher After Detailing Convertible Offering; NKTR, HDSN, ISIG
Tesla (NASDAQ:TSLA) edges higher in after-hours trading, having hit another record high, at $265, in Wednesday’s regular trading session, after it files to sell $1.6 billion in convertible debt. Of the total offering, the luxury electric car maker will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of convertible senior notes due 2021. Tesla intends … Continue reading After-Hours Movers: Tesla (TSLA) Edges Higher After Detailing Convertible Offering; NKTR, HDSN, ISIG
Autodesk (NASDAQ:ADSK) Climbs After-Hours After Beating Estimates; (NASDAQ:PEIX), (NYSE:WMB)
Autodesk Inc. (NASDAQ:ADSK) rose 4.2% in extended trading after reporting earnings that beat analyst estimates. The software company’s Q4 earnings fell 25% from a year earlier to $0.40 a share, beating the Capital IQ estimate of $0.34. Revenue slipped 3.4% from a year earlier $586.6 million, beating the consensus estimate of $571 million. Autodesk estimated Q1 2015 revenue of $560 million to $575 million, compared … Continue reading Autodesk (NASDAQ:ADSK) Climbs After-Hours After Beating Estimates; (NASDAQ:PEIX), (NYSE:WMB)
Strayer (NASDAQ:STRA) Showing Signs of Life After Blowout Quarter
Fourth-quarter and anticipated future results for demand, retention, pricing, and expenses came in well above very low expectations for Strayer Eductation (NASDAQ:STRA), which should lead to significant upward moves in consensus forward earnings estimates. When combined with very weak sentiment following four years of virtually uninterrupted bad news and an associated 91% decline in peak-to-trough market capitalization, the stock reacted accordingly, finishing trading Friday up … Continue reading Strayer (NASDAQ:STRA) Showing Signs of Life After Blowout Quarter
DreamWorks (NASDAQ:DWA) Down 13% on Piper Jaffray Downgrade
Animated film company DreamWorks Animation SKG (NASDAQ:DWA) is down 13% to $30.57 per share on heavy volume of 4 million shares following a rating cut at Piper Jaffray to Underperform from Neutral. The analyst firm maintained a price target of $19 per share on DWA. The downgrade follows disappointing 4Q revenue reported after Tuesday’s close of $204.2 million, down 23% from $264.7 million last year, … Continue reading DreamWorks (NASDAQ:DWA) Down 13% on Piper Jaffray Downgrade
American Tower Prepares For Viom Networks Bid
Real estate investment trust American Tower (NYSE:AMT) is preparing a bid for an Indian telecommunications tower company, Viom Networks, that could amount to $1.6 billion to $1.9 billion, according to the Economic Times, an Indian newspaper. Citing unnamed sources, the Times said the bid may come by March 7, and that American Tower is likely to value Viom based on its operating profit and not … Continue reading American Tower Prepares For Viom Networks Bid
Aegerion Pharmaceuticals (NASDAQ:AEGR) Curbs Losses in Quarter
Aegerion Pharmaceuticals (NASDAQ:AEGR) is lower after it reported a Q4 loss that was smaller than analysts had expected and set a FY14 sales guidance that straddled estimates. Shares are down 11.48% at $58.73 with a 52-week range of $28.33 – $101.00. In the quarter, the biopharmaceutical company had a non-GAAP loss of $0.14 per share, down from a loss of $0.71 the year earlier and … Continue reading Aegerion Pharmaceuticals (NASDAQ:AEGR) Curbs Losses in Quarter
