After Hours
Zumiez falls, SAIC, Splunk rise after hours
SAN FRANCISCO (MarketWatch) -- After what was a largely disappointing day for the stock market, after-hours activity was highlighted by earnings reports from the likes of retailer
Zumiez (ZUMZ) shares fell as much as 10% after the teen-clothing retailer reported second-quarter earnings of $2.1 million, or 7 cents a share, on revenue of $135.1 million. Analysts surveyed by FactSet had forecast Zumiez to earn 13 cents a share on $134.9 million in sales.
The company also gave a third-quarter forecast that disappointed, as it expects to earn between 42 cents and 45 cents a share, on sales in a range of $181 million to $185 million. Analysts had forecast Zumiez to earn 56 cents a share on $182.8 million in revenue for its third quarter.
While Zumiez shares tumbled, SAIC (SAI) climbed almost 8% after the IT-services and government contractor reported quarterly results, and said it would split into two publicly traded companies.
For its fiscal second quarter, SAIC said it earned $110 million, or 32 cents a share, on revenue of $2.85 billion. Analysts were looking for SAIC to earn 33 cents a share on sales of $2.67 billion.
SAIC said it would complete the split into two companies during the second half of its next fiscal year.
Splunk Inc. (SPLK) shares were also getting a big lift in after-hours trading, as the company's shares rose more than 12%.
Splunk reported a fiscal second-quarter loss of $4.6 million, or 5 cents a share, on revenue of $44.5 million. During the same period a year ago, Splunk lost $3.9 million or 20 cents a share on $25.9 million in sales. Excluding one-time items, Splunk would have lost a penny a share.
Analysts surveyed by FactSet had forecast the company to lose 4 cents a share, on revenue of $39.8 million. The data-analytics firm also said it expects to report sales of between $45 million and $47 million for its current fiscal third quarter, while analysts had forecast Splunk sales at $44.6 million.
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