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After-market Movers For April 23 (TXN, NFLX, BIG, ALGN, AMP)

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4/23/2012 5:34 PM ET

Gainers:

Texas Instruments Inc. (TXN: Quote) gained more than 3 percent to $33.10. The company's first quarter profit declined 60 percent from the year-ago quarter. Revenues fell from the previous year period, but were above consensus. The company provided a positive revenue forecast for its second quarter.

Align Technology, Inc. (ALGN: Quote) gained 14 percent to $31.30. The company's first quarter profit and revenues increased from the previous year and were above Wall Street view. The company also guided second quarter results above consensus.

Ameriprise Financial Inc. (AMP: Quote) increased nearly 11 percent to $58.38. The company's first quarter operating earnings declined from the previous year period, but were above analysts' expectation. Net income attributable to company increased from the year-ago quarter, while operating net revenues rose 1 percent. The company also announced a 25 percent increase to its regular quarterly dividend.

Decliners:

Netflix, Inc. (NFLX: Quote) declined nearly 17 percent to $84.68. The company slipped to loss in its first quarter. Revenues increased from the year-ago quarter and were above consensus. The company anticipates returning to global profitability in its second quarter.

Big Lots, Inc. (BIG: Quote) fell 14 percent to $39.27. The company announced that it currently expects first quarter U.S. comparable store sales to be slightly negative compared to its prior guidance of growth of 2 percent to 4 percent.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Justin Moore has been named Humanitarian of the Year by by the Armed Forces Foundation. Moore received the award alongside Big Machine Label Group President/CEO Scott Borchetta for their service and commitment to the morale and welfare of military families through the Crown Royal "Your Hero's Name Here" contest. International Business Machines Corp. said Wednesday after the markets closed that its first quarter profit fell 21% from last year, hurt by lower revenue as well as a hefty workforce rebalancing charge. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Stocks moved sharply higher over the course of the trading day on Wednesday, further offsetting the steep losses posted late last week. The markets benefited from a positive reaction to the latest earnings news as well as remarks by Federal Reserve Chairman Janet Yellen. The major averages saw further upside going into the close, ending the session at their best levels of the day.
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