4 Hot Late Movers: Pep Boys Stall After Earnings, Angie’s List Pops 8%, and Clearwire Drops 6%
Shares of Pep Boys (NYSE:PBY) are edging down .51% after reporting third quarter earnings. Net income for Pep Boys Manny Moe & Jack increased 22.6% to $7 million (13 cents per share), compared to $5.7 million (11 cents per share) in the same quarter a year earlier. Competitors include: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY) and AutoZone (NYSE:AZO).
Investing Insights: Pep Boys Earnings Cheat Sheet: Profit Increases Again.
Angie’s List (NASDAQ:ANGI) is surging more than 8% after the closing bell. Internet related IPOs continue to receive attention as Zynga prepares to go public. Shares of Pandora (NYSE:P) are also up about 2% in late trading.
After closing 2.5% higher Monday, shares of homebuilder Toll Brothers Inc. (NYSE:TOL) continues to head 1% higher in extended trading. Homebuilders across the board received a lift after a Barclays Capital analyst said he sees elements for a US housing market recovery next year.
Clearwire (NASDAQ:CLWR) shares dropped more than 6% after announcing plans to issue $300 million in Class A shares. The share offering will help fund its 4G network project. Sprint (NYSE:S) will exercise its preemptive rights related to the offering by purchasing Class B shares. Verizon (NYSE:VZ) and AT&T (NYSE:T) both edged higher on the news.