Top After-Hours Movers & Shakers (S, CLWR, NILE, ANDE, WTW)

Posted in after-hours 
November 4th, 2008

These are five big movers in after-hours trading right before 6:00 PM EST:

Sprint Nextel (NYSE: S) is up over 6% at $4.42 after closing up more than 3% today, and Clearwire (NASDAQ: CLWR) is up 15% after-hours at $11.25 after closing up 5% at $9.85.  The companies have received FCC approval for the wireless broadband merger venture.

Blue Nile (NASDAQ: NILE) shares were somewhat flat after earnings, but the total lack of visibility and refusal to give guidance at this time hurt.  Shares fell 8% late in after-hour strading to $25.90.

Andersons Inc. (NASDAQ: ANDE) fell 9% in regular trading but rose after posting that its earnings rose 22%.  Shares are up over 5% in late after-hours trading.

Weight Watchers International (NYSE: WTW) said revenue climbed 5% but the company narrowed its 2008 earnings-per-share guidance to $2.75 to $2.78 a share from a prior forecast of $2.75 to $2.86 EPS.  After a 5% drop to $30.12 in regular trading, shares are trading back up at $32.00 to take back all of the losses of the day and then some.  In this climate, a narrowed range is acceptable in many cases.

Jon C. Ogg
November 4, 2008

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