Hot After Hours Stock Movers on January 31st

January 31, 2011

US Markets recovered part of Friday’s losses but unrest from Egypt still kept investors cautious. Here are some of the after-hours movers:

1) Novellus Systems Inc. (NASDAQ:NVLS): Shares are up $1.13, or 3.13%, to $37.20 after reporting Q4 profit that doubled on increased demand for semiconductors.

2) Anadarko Petroleum Corp. (NYSE:APC): Shares are down 1.08% or $0.83 after reporting Q4 profit that dove 52% mainly because of gains in derivatives the prior year. Production and revenue did grow in the latest period.

3) Baidu.com Inc. (NASDAQ:BIDU): Shares are up a whopping $8.50 or 7.82% after-hours after Q4 earnings rose more than 100% easily coasting past analyst expectations.

4) Onyx Pharmaceuticals Inc. (NASDAQ:ONXX): Shares are flat at $35.28 after the FDA announced that the company has fast-track designation which allows it to submit application for its drug, carfilzomib, on a rolling basis, expediting the review process.

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