{"id":37421,"date":"2012-11-12T22:29:00","date_gmt":"2012-11-12T22:29:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-november-12\/37401\/"},"modified":"2012-11-12T22:29:00","modified_gmt":"2012-11-12T22:29:00","slug":"market-update-after-hours-november-12","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-update-after-hours-november-12\/37421\/","title":{"rendered":"Market Update After Hours November 12"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong>Summary of the US Stock Markets<\/strong>: \u00a0Dow is at 12,815.10 mostly flat for the day -0.31 (0.00%), NASDAQ is at 2,904.26, again flat with a change of -0.61 (-0.02%), and S&amp;P stood at \u00a0\u00a01,380.03 following a similar tend and staying flat with a change of 0.18 (0.01%).<\/p>\n<p><strong>A quick summary on the earnings reported:<\/strong>\u00a0 Esco Tech \u00a0reports Q4 (Sep) earnings of $0.65 per share; Omeros reports Q3 (Sep) loss of $0.51 per share; Medivation reports Q3 (Sep) loss of $0.06 per share; Exide Tech reports Q2 (Sep) loss of $0.18 per share; Houston American Energy reports Q3 (Sep) pro forma loss of $0.16 per share, Consolidated Water reports Q3 (Sep) earnings of $0.09 per share; Abraxas Petroleum Corp. reports Q3 adj EPS of ($0.01); 3SBIO reports Q3 EPS of $0.22; Sky-mobi reports Q2 (Sep) EPS of $0.00 ; RRSAT Global reports adj net income of $0.12; SouFun Holdings reports Q3 EPS of $0.61<\/p>\n<p><strong>After posting earnings the companies trading higher are:<\/strong> Cornerstone OnDemand, Inc. +8.7%, Diamond Foods, Inc. +5.6%, Pacific Ethanol Inc +5.5%, Ramco-Gershenson Properties Trust +3.8%, NQ Mobile Inc (ADR) +3.6%, Transcept Pharmaceuticals Inc +2.4%, Rex Energy Corporation +0.2%<\/p>\n<p><strong>Companies which are in the red after posting earnings are : <\/strong>Weatherford International Ltd \u00a0-1.7%, Hologic, Inc. -1.4%, Einstein Noah Restaurant Group, Inc. -1.2%, WX -1.2%, ESCO Technologies Inc. -0.2%, PerkinElmer, Inc. -0.01%<\/p>\n<p><strong>News that is making rounds<\/strong><\/p>\n<p>Global market agencies are putting US on the top of the oil producing companies by 2020. Stating that the US will take over the coveted position of most oil producing country from Saudi Arabia.<\/p>\n<p><strong>Oxigene (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=OXGN\">NASDAQ:OXGN<\/a>)<\/strong> said a clinical study of its experimental eye-disease treatment Zybrestat showed its potential for treating age-related macular degeneration, a common malady. Shares rose in after-hours trading.<\/p>\n<p><strong>GroupOn (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GRPN\">NASDAQ:GRPN<\/a>)<\/strong> is still critical and in the red. Groupon stock has slumped thirty one percent since the company announced disappointing third-quarter results last week. The Internet coupon selling company \u00a0stands at a market capitalization of just $1.8 billion.<\/p>\n<p>Wall Street Journal states that Euro-area finance ministers gave Greece two extra years to wrestle down its budget deficit, pledging to plug the resulting financing gaps in order to keep the country in the single <a href=\"http:\/\/www.knowfinance.com\/currency\/\" target=\"_blank\" rel=\"noopener\">currency<\/a> and prevent a renewed flareup of the debt crisis. In Greece, lawmakers passed a new austerity budget, and the country\u2019s international lenders drafted a report saying it had made progress in righting its finances. Greece is hoping the other euro countries will give it an additional $40 billion in bailout loans. The budget and the report are crucial steps toward that goal.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121116135322\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fmarket-update-after-hours-november-12%2F37421&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-slip-silver-prices-fall-more-than-1-percent\/37653\">\nGold Prices Slip, Silver Prices Fall More Than 1 Percent<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stock-futures-point-lower-start\/37652\">\nStock Futures Point Lower Start<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/healthcare-along-with-other-popular-programs-need-cuts-say-simpson-and-bowles\/37651\">\nHealthcare Along With Other Popular Programs Need Cuts: Say Simpson and Bowles<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/dell-reports-q3-results-dell\/37650\">\nDell Reports Q3 Results (DELL)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-sharply-lower-2\/37648\">\nGold Prices Settle Sharply Lower<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-november-15\/37645\">\nMarket Update After Hours November 15<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-lower-on-weak-economic-data-fiscal-cliff-worries\/37620\">\nStocks End Lower on Weak Economic Data, Fiscal Cliff Worries<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121116135322im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary of the US Stock Markets: \u00a0Dow is at 12,815.10 mostly flat for the day -0.31 (0.00%), NASDAQ is at 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