After-Hours Movers 7/14: Kimberly-Clark (KMB) Falls On Lower Guidance; E*Trade (ETFC) Up After Selling Canadian Unit

July 14, 2008 6:28 PM EDT

StreetInsider.com After-Hours Movers:

Sonic Automotive, Inc. (NYSE: SAH) 12% LOWER; now expects that its diluted earnings per share from continuing operations for the year will be in the range of $1.65 to $1.85, below the consensus of $2.19. Sees June EPS fo $0.48-$0.50, below the consensus of $0.55.

Washington Mutual, Inc. (NYSE: WM) 8% HIGHER; issued a comment due to market activities: The company said, "Washington Mutual recently raised $7.2 billion in capital and its tangible equity to total tangible assets ratio was 7.8% as of June 30. The company significantly exceeds all regulatory "well-capitalized" minimums for depository institutions. In addition, WaMu has current excess liquidity of more than $40 billion and a national franchise with approximately $150 billion in retail deposits. NOTE: Washington Mutual sank nearly 35% today on speculation.

E*Trade (Nasdaq: ETFC) 8% HIGHER; Sells E*TRADE Canada to Scotiabank for $442M

Kimberly-Clark Corp. (NYSE: KMB) 6.7% LOWER; Kimberly-Clark reported preliminary Q2 EPS of $1.03, below the consensus of $1.09. KMB sees adjusted earnings per share for the third quarter are expected to be in a range of $0.98 to $1.03, versus the consensus of $1.16. KMB sees adjusted earnings per share for the full year are expected to be in a range of $4.20 to $4.30, versus the consensus of $4.52.

JB Hunt Transport Services Inc. (Nasdaq: JBHT) 4% HIGHER; reports Q2 EPS of $0.39, 3 cents better than the analyst estimate of $0.36. Revenues for the quarter were $977 million, versus the consensus of $925 million.

Coldwater Creek Inc. (Nasdaq: CWTR) 4% HIGHER; increased its second quarter fiscal 2008 sales guidance to a range of $235 million to $240 million and earnings per share to a range of $0.00 to $0.02. The previous ranges were $215 million to $239 million and $(0.09) to $(0.03), respectively. The consensus is $238.4 million and a loss of $0.05. For fiscal 2008, the Company increased its sales guidance to a range of $1,105 million to $1,151 million and earnings per share to a range of $(0.04) to $0.09. The previous ranges were $1,085 million to $1,150 million and $(0.13) to $0.04, respectively. The consensus is $1.14 billion and a loss of $0.06.

Genentech, Inc. (NYSE: DNA) 1.2% HIGHER; reports Q2 EPS of $0.82, 4 cents lower than the analyst estimate of $0.86. Revenues for the quarter were $3.23 billion, versus the consensus of $3.23 billion. Sees FY08 $3.40-$3.50, versus prior guidance of $3.35-$3.45, versus the consensus of $3.43.

Novellus Systems Inc. (Nasdaq: NVLS) 1% LOWER; sees Q3 sales of $240-$252 million, versus the consensus of $251.5 million. Sees Q3 EPS of $0.01-$0.05, versus the consensus of $0.08.

MEMSIC, Inc. (Nasdaq: MEMS) INDICATED LOWER; anticipates revenue of approximately $3.6 million for the second quarter of 2008, versus recent guidance of $5.5 to $5.6 million. MEMSIC now anticipates a net loss of $0.06 to $0.07 per diluted share on a GAAP basis for the second quarter of 2008, compared to its most recent guidance of a net profit of $0.02 to $0.03 per diluted share on a GAAP basis.

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