After-Hours Movers: Thomas & Betts (TNB), J. Crew (JCG) Lower On Guidance
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StreetInsider.com After-Hours Movers:
Thomas & Betts Corporation (NYSE: TNB) 12% LOWER; cuts its Q4 EPS guidance closer to the $0.84 reported in Q407 than the range implied by the company's previous FY08 guidance of $5.35-$5.45.
J. Crew Group, Inc. (NYSE: JCG) 11.3% LOWER; reports Q3 EPS of $0.30, 3 cents better than the analyst estimate of $0.27. Revenue for the quarter was $363.1 million, versus the consensus of $351.23 million. Lowers FY08 EPS from $1.44-$1.54 to $1.11-$1.16.
Holly Corp. (NYSE: HOC) 1.3% HIGHER; will replace LandAmerica Financial Group Inc. (NYSE: LFG) in the S&P SmallCap 600.
Mettler-Toledo International Inc. (NYSE: MTD) 1% HIGHER; will replace Borders Group, Inc. (NYSE: BGP) in the S&P MidCap 400. As of today’s close of trading, Borders Group had a market capitalization of approximately $101 million, whereas the minimum market capitalization needed for admission to the S&P MidCap 400 index is currently $1 billion.
Tompkins Financial Corporation (NYSE: TMP) % HIGHER; will replace Spectrum Brands, Inc. (NYSE: SPC) in the S&P SmallCap 600.
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