These 4 Stocks Are Making Waves In Early Trading

The Dow (NYSE:DIA) managed to squeeze out a gain on Wednesday, even as oil prices (NYSE:USO) soared above $102 per barrel.

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

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