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Friday, March 29, 2024

4 Stocks Moving In Monday's After-Hours Session

Courtesy of Benzinga.

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Shares of Alcoa Inc (NYSE: AA) were trading up more than 2.6 percent in Monday's after-hours session, following the announcement of the company's fourth quarter fiscal 2015 financial results. The mid-cap lightweight metals manufacturer reported earnings of $0.04 per share on revenue of $5.245 billion, in line with the Street's consensus estimate of $0.04 per share and $5.217 billion.

It should be noted that while investors were relieved with the results, earnings fell 88 percent year-over-year while revenue dropped 18 percent, driven mostly by depressed aluminum prices.

Apollo Education Group Inc (NASDAQ: APOL) also reported its earnings, before the market opened. Results came in below expectations, driving the stock down 3.19 percent during the day. Shares recuperated more than 20 percent after the bell rang, following a Dow Jones report about the company being in "advanced" talks with Apollo Global Management LLC (NYSE: APO), for the latter to buy the former for roughly $1 billion.

Another big gainer was A Schulman Inc (NASDAQ: SHLM), up more than 14 percent, recuperating some of the ground lost during the day (24.82 percent) after reporting earnings and revenue below consensus estimates.

Student Transportation Inc (NASDAQ: STB) was up almost 8.5 percent in after-hours trading on no news. The surge may be a correction of the 8.96 percent decline the stock experienced over the regular session.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Posted-In: Earnings News M&A After-Hours Center Movers

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