Top After-Market NYSE Movers (SunTrust Banks, Best Buy, Trinity Industries, Krispy Kreme, Guess?, Hewlett-Packard, Big Lots, International Rectifier)

By Satya Nagendra Padala: Subscribe to Satya's | August 23, 2012 5:47 AM GMT

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(Photo: Reuters / Brendan McDermid)<br>Trader reacts while working on the floor of the New York Stock Exchange.
(Photo: Reuters / Brendan McDermid)
Trader reacts while working on the floor of the New York Stock Exchange.

The top after-market NYSE gainers Wednesday were Western Asset Mortgage, SunTrust Banks, Best Buy Co, Trinity Industries and Krispy Kreme Doughnuts. The top after-market NYSE losers were Guess?, Inc, International Rectifier, Hewlett-Packard, Big Lots and Whitestone REIT.

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Gainers

Western Asset Mortgage Capital Corp. (WMC) shares surged 3.68 percent to $21.71 in post-market trading. National Securities initiated coverage on shares of WMC with a "buy" rating.

SunTrust Banks Inc. (STI) shares surged 3.29 percent to $26.03 in post-market trading. The company announced Wednesday that the Federal Reserve had not objected to the Company's capital plan, which STI submitted in June in connection with the Comprehensive Capital Analysis and Review (CCAR).

Best Buy Co. Inc. (BBY) shares rose 2.71 percent to $18.20 in post-market trading. The company announced Wednesday that its board of directors had authorized payment of a regular quarterly cash dividend of $0.17 per common share.

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Trinity Industries Inc. (TRN) shares gained 2.15 percent to $29.95 in post-market trading. The stock has a 52-week low of $19.10, a 52-week high of $36.09 and $2.32 billion in market capitalization.

Krispy Kreme Doughnuts (KKD) shares advanced 1.87 percent to $7.08 in post-market trading. The company reported second quarter adjusted net profit of $8.2 million or $0.12 per share, up from $4.2 million or $0.06 per share and also topped Reuters' estimate of $0.05 per share.

Losers

Guess? Inc. (GES) shares slumped 16.25 percent to $28.09 in post-market trading after lowering its full-year earnings guidance. The company currently expects the full-year earnings to be in a range of $2.15 to $2.30 per share on revenues of $2.62 to $2.65 billion, down from its prior estimate of $2.50 to $2.65 per share on revenues of $2.70 to $2.74 billion and also fell short of the analysts' estimate of $2.59 per share.

International Rectifier Corp. (IRF) shares slumped 8.01 percent to $17.00 in post-market trading. The company swung to a fourth quarter net loss of $68.19 million or $0.99 per share compared to the net profit of $39.63 million or $0.55 per share in the same period last year and also widely missed the analysts' estimate of a loss of $0.15 per share.

Hewlett-Packard Co. (HPQ) shares plunged 4.79 percent to $18.28 in post-market trading. The company swung to a third quarter net loss of $8.9 billion or $4.49 per share compared to a net profit of $1.9 billion or $0.93 per share in the same period last year. The adjusted net income was $2.0 billion or $1.00 per share, down from $2.3 billion or $1.10 per share last year. The revenue declined 5 percent to $29.67 and also missed the analysts' estimate of $30.10 billion.

Big Lots Inc. (BIG) shares plunged 4.53 percent to $37.08 in post-market trading. The stock has a 52-week low of $30.79, a 52-week high of $47.22 and $2.47 billion in market capitalization.

Whitestone REIT (WSR) shares fell 3.67 percent to $12.85 in the post-market trading. The company announced Wednesday that it intended to sell 4,000,000 of its common shares in an underwritten public offering.

This article is copyrighted by International Business Times, the business news leader
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