These 4 companies reported earnings after the bell on Tuesday. Should you pay attention to these stocks for Wednesday?
1) Finisar Corporation (NASDAQ:FNSR): Shares in this tech company are experiencing a crash as they trade down nearly 36% in late trading. Although revenue for the previous quarter increased 58% to $263 million, the company worried investors on the current quarter. The company sees revenue for the current quarter being between $235 million and $250 million. Analysts were expecting revenues of $269 million.
2) Majesco Entertainment (NASDAQ:COOL): Shares are anything but cool, as the stock trades 44.58% higher in after hour trading. Revenues for the last quarter increased 66% to $48.5 million. A large majority of revenue was due to the company’s new Zumba Fitness software being released on the Nintendo Wii , Xbox 360 (NASDAQ:MSFT), and Sony’s PS3 (NYSE:SNE).
3) Walter Investment Management Corp (AMEX:WAC): The company reported net income of $10.7 million (40 cents per share) for the fourth quarter. This was an increase from last year’s $8.5 million (34 cents per share). Shares are up 1.26% on the positive results, and the company currently has a 10% dividend yield.
4) Interval Leisure Group (NASDAQ:IILG): The company earned $4.6 million (8 cents per share) for the fourth quarter. The company attributes its profit gain of 38% to falling expenses and favorable exchange rates. Revenue dipped to $93.5 million, compared to $93.7 million in prior year’s fourth quarter.
Disclosure: No positions