Courtesy of Benzinga.
Shares of Urban Outfitters, Inc. (NASDAQ: URBN) were trading up more than 6 percent in Monday’s after-hours session, following the announcement of the company’s fourth quarter results. The retailer posted earnings of $0.61 per share, $0.05 above the Street’s consensus. Revenue of $1.013 billion came in slightly lower than estimates of $1.02 billion.
Even larger gains were registered by Linn Energy LLC (NASDAQ: LINE), which was up more than 13 percent after the bell rang. The stock had surged 95 percent during the regular trading session, along with many other energy stocks, on the back of a recuperation in energy prices. The rise seen after the bell looked like a continuation of the gains witnessed over the day.
Axiall Corp (NYSE: AXLL) was up about 11.2 percent, as Westlake Chemical Corporation (NYSE: WLK) once again reached out to the former’s shareholders, urging them to push for the latter’s corporate takeover proposal. Westlake has offered $20 per share for Axiall, which is currently trading above $21 a share.
Among the largest decliners in Monday’s after-hours session:
- Rice Energy Inc (NYSE: RICE), down about 10.75 percent
- Shake Shack Inc (NYSE: SHAK), down more than 9 percent
- Trinity Industries Inc (NYSE: TRN), down 8.22 percent
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Posted-In: Earnings News Commodities M&A After-Hours Center Markets Movers
