Investors have to be glad April is over. Logging losses for the month, April turned out to be the worst month of 2012 so far. News out of the Europe continues to weigh on investors as Spain entered back into recession. The looming election in France is sure to cause levels of consternation to spike as we near May 6. The outcome of that election could push the Euro to the brink if Hollande carries through on his promises on pushing back against austerity.
Domestically the economic data pointed towards a mixed bag. The Chicago PMI cratered, while consumer spending held up, but still dipped from February. Investors will be watching for the NFP report due on Friday. Estimates are already being slashed on the number of jobs created.
The Dow ended the down 15. The Nasdaq and S&P also ended down, dropping 23 and 5 points respectively.
Veeco Instruments Inc. (NASDAQ:VECO) is up 12.16% in after hours trading at $34.00. VECO shares are rallying as first quarter profits beat estimates. Veeco reported non-GAAP profits of $0.49 per share, beating estimates of $0.19 per share. VECO closed normal trading hours down 0.53% with 2.4 million shares traded. The company has a market cap of 1.17 billion.
Shutterfly, Inc. (NASDAQ:SFLY) is up 10.72% in after hours trading at $34.50. SFLY traded 2.06 million today, 800 thousand shares more than its daily average. Shutterfly announced first quarter results a few minutes ago. Net revenue came in at $91.3 million, a 60% increase from the previous year. The company has a market cap of 1.09 billion.
Youku Inc. (NYSE:YOKU) is up 2.41% in after hours trading at $24.62. YOKU ended the day up 4.25% at $24.04 with 1.9 million shares traded. The stock typically trades 3.01 million shares a day on average. The company has a market cap of 2.76 billion.
Yingli Green Energy Holding Co. Ltd. (NYSE:YGE) is up 3.57% in after hours trading at $3.77. YGE traded 2.2 million shares today and trades 4.02 million shares a day on average. YGE shares are up more than $0.30 a share over the past week. The company has a market cap of 563.36 million.
Sourcefire, Inc. (NASDAQ:FIRE) is up 7.49% in after hours trading at $54.81. FIRE traded 1.1 million shares today, nearly double its daily average. Sourcefire announced first quarter results a few minutes ago. Revenue jumped 50% to $46.3 million, beating expectations. EPS more than doubled to $0.11 per share.
Trina Solar Limited (NYSE:TSL) jumped 1.38% in after hours trading at $7.36. TSL ended regular trading up 2.11% at $7.26 with 2.6 million shares traded. TSL typically trades 4.1 million shares a day on average. The company has a market cap of 590.71 million.
Groupon, Inc. (NASDAQ:GRPN) is up 2.05% in after hours trading at $10.93. GRPN traded 2.7 million shares today, slightly higher than its daily average of 2.6 million shares. Groupon appointed two new directors for its board to replace Howard Schultz and Kevin Efrusy. The company has a market cap of 6.91 billion.