After-Hours Movers 9/2: Ethan Allen (ETH) and ConAgra (CAG) Down On Lower Guidance; NCI Building (NCS) Up on Strong Results

September 2, 2008 5:35 PM EDT

StreetInsider.com After-Hours Movers:

Ambac Financial NYSE: ABK) 14% HIGHER; received regulatory approval from the Commissioner of Insurance of the State of Wisconsin to capitalize and reactivate Connie Lee Insurance Company, its financial guarantee subsidiary. Connie Lee will conduct business under a new name and will focus on the U.S. municipal and global public purpose financing markets.

Ethan Allen Interiors (NYSE: ETH) 7% LOWER; lowered its fourth quarter EPS guidance to a range of $0.20 to $0.26 a share, versus consensus of $0.48 per share.

ConAgra Foods, Inc. (NYSE: CAG) 5% LOWER; said the underperformance in the Consumer Foods segment will negatively impact its fiscal 2009 first quarter diluted EPS from continuing operation. Ex-items, earnings are expected to be slightly below the previously announced estimate of $0.26-$0.28 per diluted share. The Wall Street consensus is $0.29.

NCI Building Systems Inc. (NYSE: NCS) 4% HIGHER; reports Q3 EPS of $1.63, versus the analyst estimate of $1.23. Revenues for the quarter were $477.6 million, versus the consensus of $480 million. Sees Q4 EPS of $1.06-$1.21, versus the consensus of $1.20. Raises FY08 EPS guidance from $3.19-$3.44 to $3.85-$4.00, versus the consensus of $3.55.

MEMC Electronic Materials, Inc. (NYSE: WFR) 2.8% LOWER; released its previously scheduled update for Q308 which ends on September 30: sales of $560-$620 million, versus the consensus of $596.68 million, gross margins are expected to be 54-55%, operating expenses of about $43 million.

Shanda Interactive Entertainment Ltd. (Nasdaq: SNDA) 2% HIGHER; reports Q2 EPS of $0.58, ex-items, 7 cents better than the analyst estimate of $0.51. Revenues for the quarter were $122.1 million, versus the consensus of $115.27 million.

Donaldson Company, Inc. (NYSE: DCI) 1.5% LOWER; reports Q4 EPS of $0.60, 1 cent lower than the analyst estimate of $0.61. Revenues for the quarter were $607.4 million, versus the consensus of $603.50 million. Sees FY09 sales up 9-11% and EPS in the range of $2.30-$2.40, versus the consensus of $2.44.

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