After Hours Winners and Losers: AKAM, CVA, V, GRPN, TQNT, EA

Akamai Technologies, Inc. (NASDAQ:AKAM) is up 13.97% in after hours trading at $39.25. AKAM shares are up this afternoon following fourth quarter results. Akamai posted revenue of $324 million, up 14% from the previous year. Profit came in at $0.45 a share, beating Wall Street estimates of $0.40 a share. The company has a market cap of 6.18 billion.

Covanta Holding Corporation (NYSE:CVA) is up 6.31% in after hours trading at $15.50. CVA shares are rallying in after hours trading thanks to good fourth quarter results. Covanta posted adjusted earnings of $0.26 a share, beating analyst estimates of $0.23 a share. Covanta forecasted adjusted 2012 earnings of $0.55-65 a share, beating estimates of $0.59 a share. The company has a market cap of 2.03 billion.

Visa Inc. (NYSE:V) is up 2.45% in after hours trading at $111.00. V shares are up this afternoon thanks to a 16% rise in first quarter profit. Revenue rose 14% to $2.55 a share. The company has a market cap of 74.52 billion.

Groupon, Inc. (NASDAQ:GRPN) is down 12.04% in after hours trading at $21.62. GRPN shares are getting hammered after reporting a fourth quarter loss. Groupon posted a net loss of $0.08 per share, Wall Street was expecting a profit of $0.03 per share. The company has a market cap of 15.68 billion.

TriQuint Semiconductor, Inc. (NASDAQ:TQNT) is down 7.75% in after hours trading at $6.31. TQNT shares are down following the company’s fourth quarter results. TriQuint beat estimates with EPS of $0.08 per share, but guidance came in below expectations. The company has a market cap of 1.14 billion.

Electronic Arts Inc. (NASDAQ:EA) is down 5.98% in after hours trading at $17.15. EA shares are falling this afternoon after the company’s CFO leaves for Polycom. Sources say EA’s CFO was not pushed out and that he left for Polycom to have a more operational role. The company has a market cap of 6.06 billion.

written by

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.
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