Demand Media: After-Hours Headlines

NEW YORK ( TheStreet) -- Here's a rundown of stocks making news after Tuesday's closing bell.

Demand Media

Shares of Demand Media ( DMD) rose more than 21% to $9.65 on after-hours volume of nearly 150,000, according to Nasdaq.com.

The Santa Monica, Calif.-based online content and social media company reported first-quarter adjusted earnings of $5.9 million, or 7 cents a share, on revenue of $82.9 million, up 8% from year-ago levels. The performance bested the average estimate of analysts polled by Thomson Reuters for a profit of 5 cents a share on revenue of $79.7 million.

Demand Media also lifted its outlook for the full year, forecasting adjusted earnings of 33 to 35 cents a share on revenue ranging from $361 million to $367 million. Wall Street's consensus view is for a profit of 30 cents a share on revenue of $340.6 million.

Walt Disney

Shares of Dow component Walt Disney ( DIS) were adding 1.7% to $45.03 on volume of late volume of close to 1 million, according to Nasdaq.com.

With strong revenue growth from its parks and resorts and media networks businesses, Disney was able to record revenue of $9.63 billion for its fiscal second quarter ended in March, up 6% from last year and ahead of Wall Street's consensus view of $9.56 billion.

The company's earnings excluding items came in at 58 cents a share, 3 cents ahead of the average analysts' estimate.

"We're incredibly optimistic about our future, given the strength of our core brands, Disney, Pixar, Marvel, ESPN, and ABC, and our extraordinary ability to grow franchises across our businesses, such as The Avengers, which shattered domestic box office records with a $207.1 million opening weekend for a global performance of more than $702 million to date," said Robert Iger, the company's chairman and CEO.

Green Mountain Coffee Roasters

Shares of Green Mountain Coffee Roasters ( GMCR) lost more than 3% to $25.55 on volume of more than 450,000, according to Nasdaq.com.

The drop comes after the coffee company announced it was replacing its chairman Robert Stiller and lead director William Davis after the pair were forced to sell roughly 5.5 million Green Mountain shares because of margin calls.

The company called the sales "inconsistent" with its internal trading policies, and named Michael Mardy interim chairman, and appointed Hinda Miller to serve as chair of its governance and nominating committee.

Yahoo!

Yahoo! ( YHOO) confirmed that Patti Hart will not seek re-election to its board at the company's 2012 annual shareholder meeting.

The news had been widely reported in relation to the probe of CEO Scott Thompson's academic credentials, which has been spurred on by Yahoo! shareholder Daniel Loeb and his hedge fund firm Third Point.

In its press release, Yahoo! said Hart, who is the CEO of International Game Technology ( IGT), had informed its board that IGT's board requested that she not seek re-election.

Yahoo! shares were last quoted at $15.35, down a penny, on late volume of 5.1 million, according to Nasdaq.com.

SkyWest

Shares of SkyWest ( SKYW) gained ground in late trades after the company reported its traffic rose 4.1% in April to 2.45 billion revenue passenger miles. Load factor came in at 80.9% for the month, up from 78.2% last year.

The stock advanced 8.1% to $9.43 on volume of nearly 120,000, according to Nasdaq.com.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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