After-market Movers For Aug 5 (WPO, AEO, ANF, MDR)

(RTTNews) - Gainers:

Washington Post Co. (WPO) gained 5 percent to $597.00. The company announced that it has signed a contract to sell its newspaper publishing businesses, including The Washington Post newspaper, to an entity that belongs to Jeffrey Bezos, who is the founder, chairman and CEO of Amazon.com Inc. (AMZN). The purchase price is $250 million and is payable at closing later this year. Washington Post will be changing its name in connection with the transaction and no new name has yet been announced.

Decliners:

American Eagle Outfitters, Inc. (AEO) plunged 17 percent to $16.50 as the company slashed its earnings outlook for its second quarter citing weaker than expected sales and margin results. The company noted that it is not at all happy with its second quarter results, which were impacted primarily by a disappointing performance of its AEO women's assortment and weak traffic.

Abercrombie & Fitch Co. (ANF) slided 4 percent to $49.50.

McDermott International Inc. (MDR) fell 14 percent to $7.45. The company slipped to a loss in its second quarter. Revenue plunged from the year-ago quarter and missed Wall Street view. The company attributed lower revenue to the Middle East and Asia Pacific segments, primarily due to the completion of several significant projects that were active in the year-ago quarter. The company also announced that it has commenced the restructuring of its Atlantic operations in the quarter.