Disappointing news out of heavyweights American Express and Goldman Sachs along with news of decreased tech demand from Asia dragged the markets into the red today. These are some of the after hours movers:
1) F5 Networks Inc. (NASDAQ:FFIV): Shares are down $31.78, or 22.90%, to $107.00 after reporting an increase in fiscal first quarter earnings of 90%. Shares took a dive as investors had higher expectations priced-in.
2) EBay Inc. (NASDAQ:EBAY): Shares are trading up $0.70, or 2.41%, on a Q4 earnings rise of 24%, excluding the huge Skype gain.
3) Seagate Technology Inc. (NASDAQ:STX): Shares are down 5.17% after-hours to $13.40 per share after fiscal Q2 profit plunged 72% on slow sales and rising operating costs.
4) Dillard’s Inc. (NYSE:DDS): Shares are up $3.46 or 9.22% after announcing that it plans to create a REIT in order to have access to a new range of debt and equity markets.
Start Off 2011 by Improving Your Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>