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After-market Movers For Dec. 19 (RHT, S, CHTR)

Red Hat Inc. (RHT) shares tumbled more than 10% in after hours trading after the world's largest seller of Linux software reported third quarter revenue that beat analysts' estimate by a small margin.

Shares of Sprint Nextel Corp. (S), the third largest U.S. wireless carrier, gained more than 6% in extended hours trading. AT&T Inc. (T), the second largest U.S. Wireless carrier, said it has abandoned its $39 billion takeover bid for T-Mobile USA amid stiff opposition from U.S. regulators. AT&T shares fell 0.4% in after hours trading.

Charter Communications, Inc. (CHTR) shares rose more than 3% in after hours after the fourth largest U.S. cable operator said that its Board of Directors has concluded its previously announced CEO search process and appointed cable industry veteran Thomas Rutledge as President and Chief Executive Officer. Rutledge joins Charter immediately and will become the President and Chief Executive Officer effective February 13.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Coca-Cola Co. (KO) posted a profit for the second-quarter that increased 11 percent from last year, while net operating revenues declined 5 percent. It is targeting full-year 2016 net share repurchases of $2.0 billion to $2.5 billion. Cable television giant Comcast Corp. on Wednesday reported a 5 percent decline in profit for the second quarter from last year, as higher revenues at its Cable Communications segment were offset by an increase in expenses. However, both revenue and adjusted earnings per share for the quarter beat analysts' estimates. Shares of Deutsche Bank AG declined around 4 percent in the morning trading after the German bank reported Wednesday sharply lower profit in its second quarter with significant one-time charges as well as weak revenues. John Cryan, CEO, said,".. if the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring."
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