These 4 Stocks Are Making Waves In Early Trading
These 4 companies reported earnings after the bell on Wednesday. Put these stocks on your watch list for Thursday.
1) Hott Topic, Inc. (NASDAQ:HOTT): Unlike its name, fourth quarter results were only mildly warm. The teen clothing chain’s total revenue for February fell 2.6%, and rose only 2.1% at its Torrid chain stores. However, traders are taking the news rather well as shares trade up .95% after the closing bell.
2) Gasco Energy (AMEX:GSX): The natural gas and petroleum company erased much of its 7.77% gains it experienced Wednesday. After the closing bell, shares slipped 6.31% after announcing fourth quarter results. The company reported a net loss of $2.8 million (3 cents per share). In the same period last year, the company reported a net gain of $0.443 million.
3) American Software (NASDAQ:AMSWA): Wednesday, after the bell, the software maker reported preliminary results for its most recent quarter. Net earnings for the quarter totaled $1.8 million (7 cents per share). Total revenue increased 3% from last year to $20.4 million. The company currently has a dividend yield of 5.4%, and has paid shareholders a dividend for 30 consecutive quarters.
4) Chiquita Brands International (NYSE:CQB): Shares traded down nearly 2% in after hours due to a chilly fourth quarter for the banana and fresh produce distributor. Revenue fell 12% to $773 million, analysts were expecting revenues of $796 million. Chief Executive Fernando Aguirre said, ” The magnitude of sudden banana industry supply shortages and related cost increases caused by adverse weather conditions was much greater than anticipated.”
Disclosure: No positions