6 Stocks Hitting Radars: EA Drops 9%, Rackspace and Dendreon Shares Crash

Shares of Electronic Arts (NASDAQ:EA) dropped more than 9 percent after the closing bell. The video game maker reported it earned $400 million ($1.20 per share) for the fourth-quarter, compared to $151 million (45 cents per share) a year earlier. However, the company lowered its outlook and is expecting a loss of 40 cents to 45 cents in the fiscal first-quarter, compared to estimates for a loss of 33 cents.

A Closer Look: EA Earnings Cheat Sheet>>

WYNN Resorts Ltd. (NASDAQ:WYNN) fell 1.3 percent in late trading. The casino company earned $140.6 million ($1.23 per share) in the first-quarter, compared to $173.8 million ($1.39 per share) a year earlier. Revenue increased 4.2 percent to $1.31 billion.

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Rackspace Hosting Inc. (NYSE:RAX) shares plummeted 11.5 percent in extended-trading hours. The company reported net income of $23 million (10 cents per share) for the first-quarter, but missed estimates of 17 cents per share. “While we’ve made a lot of progress so far in 2012, we have much more to do. We are executing through a very important platform shift to our next generation cloud, and we need to make this experience incredible for our customers. Massive technology disruptions like this create once in a lifetime opportunities for companies to seize the moment, take the initiative, and lead the revolution. Our goal is to lead the revolution,” said Lanham Napier, chief executive officer.

Insights: Why Did Investors Sell Rackspace After Earnings>>

Despite closing 4.3 percent higher during regular trading, MAKO Surgical Corp. (NASDAQ:MAKO) shares crashed 30 percent after the closing bell. The company reported a first-quarter loss of 28 cents per share. Analysts were expecting a loss of 20 cents per share.

Shares of Vivus Inc. (NASDAQ:VVUS) declined 1.6 percent in late trading. The company reported a first-quarter loss of $18.8 million (20 cents per share), compared to a loss of $9.9 million (12 cents per share) a year earlier.

Although Dendreon Corp. (NASDAQ:DNDN) reported better-than-expected results for the first-quarter, shares dropped 10 percent after the closing bell. The biotech company reported a net loss of $103.9 million, compared to a net loss of $112.8 million a year earlier.

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