Active Stocks in Late Trading
Here’s a group of stocks with major trading activity following today’s closing bell:
1) Shaw Group (NYSE:SHAW): Shares dipped 3.7% to $33.70 after-hours. The power plant builder said 2011 earnings will be $1.80 a share on the top-end. The consensus analyst forecast was initially $1.87 a share. Investors are disappointed in the reduced outlook.
2) Liz Claiborne (NYSE:LIZ): Shares crashed 17.39% to $5.70 after-hours. The fashion creator home to Kate Spade handbags cut its outlook, saying second-half goals will not be achieved.
3) Xyratex Ltd. (NASDAQ:XRTX): Shares tanked 8.35% to $15.69 after-hours. The network-technology provider’s expectations did not meet Thomson Reuters’ expected earnings of $.44 per share.
4) Borders (NYSE:BGP): Shares rocketed 18.48% to $1.02 after reports surfaced the company has been in talks with restructuring advisers like Jefferies & Co. about ways to rework its debt-heavy balance sheet.
Start Off 2011 by Improving Your Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>