After-Hours Movers 7/28: Merrill (MER) Up After Massive Capital Raise; Cognex (CGNX) Sinks On Guidance

July 28, 2008 6:41 PM EDT

StreetInsider.com After-Hours Movers:

Cognex (Nasdaq: CGNX) 22% LOWER; reports Q2 EPS of $0.27, 5 cents better than the analyst estimate of $0.22. Revenues for the quarter were $67.1 million, versus the consensus of $66.85 million. Sees q3 eps 14-18 cents versus 23 cents. Sees Q3 revenues $62-$65 million versus $66 million

PLX Technology (Nasdaq: PLXT) 18% LOWER; reports Q2 GAAP EPS of $0.00 vs. the analyst estimate of $0.06. Revenues for the quarter were $23.4 million, versus the consensus of $23.51 million. PLXT sees Q3 revenues between $20.5 million and $21.5 million vs. $24.81 million consensus.

Trident Microsystems (Nasdaq: TRID) 17.6% LOWER; reports Q4 EPS of $0.11, 8 cents better than the analyst estimate of $0.03. Revenues for the quarter were $39.5 million, versus the consensus of $39.23 million. Sees Q1 revenues $32-36 million versus $46.8 million. Sees 2009 guidance revenues $115-$135 million versus $185 million.

Compass Minerals (NYSE: CMP) 15% LOWER; reports Q2 EPS of $0.14 (ex-items), 12 cents worse than the analyst estimate of $0.26. Revenues for the quarter were $162.0 million, versus the consensus of $158.41 million

Zoran Corporation (Nasdaq: ZRAN) 13% LOWER; reports Q2 EPS of $0.03 (15c excluding tax-rate change), cents better than the analyst estimate of $0.15. Revenues for the quarter were $128.5 million, versus the consensus of $132.79 million. Sees Q3 revenues $123-$128 million versus $154 million. Sees Q3 eps 2-4 cents versus 29 cents.

XL Capital Ltd (NYSE: XL) 10% LOWER; reports Q2 EPS of $1.50, cents better than the analyst estimate of $1.94. Cuts its dividend 50% to $0.19. Also plans to offer $2.5 billion in securities

Atheros Communications, Inc. (Nasdaq: ATHR) 8% LOWER; reports Q2 EPS of $0.31, cents better than the analyst estimate of $0.30. Revenues for the quarter were $121.5 million, versus the consensus of $120.78 million.

Harmonic (Nasdaq: HLIT) 8% LOWER; reports Q2 EPS of $0.16, 1 cent worse than the analyst estimate of $0.17. Revenues for the quarter were $89.3 million, versus the consensus of $87.40 million. The Company anticipates that net sales for the second half of 2008 will be in a range of $175 to $185 million and gross margins will be 47% to 49% on a GAAP basis. Non-GAAP gross margins for the same period, excluding stock-based compensation expense and the amortization of intangibles, are anticipated to be in a range of 49% to 51%.

JDA Software (Nasdaq: JDAS) 8% LOWER; reports Q2 EPS of $0.29, 8 cents better than the analyst estimate of $0.37. Revenues for the quarter were $91.8 million, versus the consensus of $96.41 million.

Ladish (Nasdaq: LDSH) 7% LOWER; reports Q2 EPS of $0.43, 9 cents below the analyst estimate of $0.54. Revenues for the quarter were $119 million, versus the consensus of $123.48 million.

Websense (Nasdaq: WBSN) 6.7% HIGHER; reports Q2 EPS of $0.37, 6 cents better than the analyst estimate of $0.31. Revenues for the quarter were $88.2 million, versus the consensus of $83.52 million. Sees FY08 EPS of $1.30-$1.35, versus the consensus of $1.24 and revs of $340-$345 million, versus $335 million.

Wright Medical Group, Inc. (Nasdaq: WMGI) 6% HIGHER; reports Q2 adj-EPS of $0.19, versus the analyst estimate of $0.11. Revenues for the quarter were $118.5 million, versus the consensus of $115.57 million. Sees Q3 EPS of $0.17-$0.19, versus the consensus of $0.13. Sees FY08 revs of $465-$470 million, versus prior guidance of $455-$465 million, and compared to the consensus of $457 million. EPS guidance for the year raised from $0.87-$0.91 to $0.88-$0.92.

The Mosaic Company (NYSE: MOS) 4% LOWER; reports Q4 EPS of $1.93, 29 cents better than the analyst estimate of $1.64. Revenues for the quarter were $3.5 billion, versus the consensus of $2.85 billion.

Hartford Financial Services (NYSE: HIG) 4% HIGHER; reports Q2 EPS of $2.22, 12 cents better than the analyst estimate of $2.10. Based on the assumptions below, The Hartford currently expects 2008 core earnings per diluted share to be between $9.20 and $9.50. This range excludes any effect from the company’s planned third quarter DAC unlock and remains unchanged from the guidance range established on April 28, 2008. (FY EPS consensus is $9.04)

Manitowoc (NYSE: MTW) 3.5% HIGHER; reports Q2 EPS of $1.01, 12 cents better than the analyst estimate of $0.89. Revenues for the quarter were $1.3 billion, versus the consensus of $1.23 billion. Sees FY08 eps $3.30-$3.40 versus previous guidance of $3.20-$3.40 ex-items, $3.42 consensus

Amgen (Nasdaq: AMGN) 2.7% HIGHER; reports Q2 adj-EPS of $1.14, 12 cents better than the analyst estimate of $1.02. Revenues for the quarter were $3.8 billion, versus the consensus of $3.58 billion. Sees FY08 revs of $14.6-$14.9 billion, versus prior guidance of $14.2-$14.6 billion and EPS of $4.25-$4.45, prior guidance of $4.00-$4.30. The Street estimates are of $4.19 for EXP and $14.4 billion for revs.

Merrill Lynch (NYSE: MER) 2% HIGHER; Announced substantial sale of U.S. super senior ABS CDO securities, resulting in an exposure reduction of $11.1 billion from June 27, 2008. Plans to issue new common shares with gross proceeds of approximately $8.5 billion through a public offering launched today (excluding a fifteen percent, or approximately $1.3 billion, option granted to the underwriter to purchase additional shares of common stock to cover over-allotments). Expects to record a pre-tax write-down in the third quarter of approximately $5.7 billion.

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