After-Hours Movers: Verifone (PAY) Jumps On Strong Guidance; Novatel (NVTL) Lower on Results/Guidance

August 19, 2008 6:08 PM EDT

StreetInsider.com After-Hours Movers:

Verifone (NYSE: PAY) 33% HIGHER; sees Q4 EPS of $0.36 to $0.39, versus the analyst estimate of $0.21. Sees revenues for the quarter were $260 million to $268 million, versus the consensus of $229.6 million. VeriFone Holdings sees FY09 EPS of $1.35-$1.55 versus analyst consensus of $1.01. For the full year ending Oct 31, 2009, VeriFone expects to achieve net revenue growth of 10 to 15% annual growth, consistent with its long-term growth targets. VeriFone is projecting continued improvements to gross margins as the year progresses as a result of product cost reduction initiatives and improved pricing strategies.

Novatel Wireless (Nasdaq: NVTL) 16% LOWER; reports preliminary Q2 EPS of $0.03, which may not compare to the analyst estimate of $0.11. Revenues for the quarter were $89.8 million, versus the consensus of $87.84 million. Sees Q3 sales in the range of $80-$85 million, versus the consensus of $96.55 million and non-GAAP EPS of $0.00-$0.03, versus the Street estimate of $0.15.

PDL BioPharma, Inc. (NASDAQ: PDLI) 3.4% HIGHER; Bristol-Myers Squibb Company (NYSE: BMY) and PDL BioPharma entered an agreement for the global development and commercialization of PDL BioPharma’s anti-CS1 antibody, elotuzumab, previously known as HuLuc63, currently in Phase I development for multiple myeloma.

Overstock.com (NASDAQ: OSTK) 3.3% LOWER; Files $500M Mixed Securities Shelf

Analog Devices (NYSE: ADI) 3% LOWER; reports Q3 EPS of $0.44, versus the analyst estimate of $0.45. Revenues for the quarter were $659 million, versus the consensus of $669.13 million. Sees Q4 EPS of $0.44-$0.46, versus the consensus of $0.46.

Hewlett-Packard (NYSE: HPQ) 3% LOWER; reports Q3 adj-EPS of $0.86, 3 cents better than the analyst estimate of $0.83. Revenues for the quarter were $28 billion, versus the consensus of $27.41 billion. Sees Q4 EPS of $1.01-$1.04, versus the consensus of $1.00 and revs of $30.2-$30.3 billion, versus $30.2 billion.

Lehman Brothers Holdings Inc. (LEH) 2.5% LOWER; continutes today's 13% slide. After the close, Goldman Sachs lowered estimates on the i-bank.

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