After-Hours Movers 10/01: Mosaic (MOS) Sinks On Results, Other Ag Stocks Follow (POT, CF, TRA, AGU)

October 1, 2008 6:56 PM EDT

StreetInsider.com After-Hours Movers:

The Mosaic Company (NYSE: MOS) 17% LOWER; reports Q1 EPS of $2.65, which includes charges and so many not compare to the analyst estimate of $2.94. Revenues for the quarter were $4.3 billion, versus the consensus of $4.11 billion. Reaffirms forecast for sales volume. Phosphate sales volume for FY09 has been reduced to 8-9 million tonnes. Potash sales guidance is unchanged at 8.2-8.6 million tonnes.

SMSC (Nasdaq: SMSC) 14% LOWER; reports Q2 EPS of $0.46, 1 cents lower than the analyst estimate of $0.47. Revenues for the quarter were $97.2 million, versus the consensus of $98.30 million. Sees Q3 EPS of $0.30-$0.35, versus the consensus of $0.58 and revs of $90-$93 million, versus the consensus of $106.3 million.

Potash Corp. of Saskatchewan (NYSE: POT) 9% LOWER; Results from Mosaic

CF Industries Holdings (NYSE: CF) 8% LOWER; Results from Mosaic

Terra Industries (NYSE: TRA) 6.7% LOWER; Results from Mosaic

Agrium Inc. (NYSE: AGU) 6.2% LOWER; Results from Mosaic

Con-way Inc. (NYSE: CNW) 4.8% LOWER; sees 2008 EPS between $2.60 and $2.80, versus the prior guidance of $3.00 and $3.40. The consensus is $3.22.

Micron Technology (NYSE: MU) 4% LOWER; reports a Q4 adj-loss of $0.27, 4 cents lower the analyst estimate of ($0.23). Revenues for the quarter were $1.45 billion, versus the consensus of $1.54 billion. Micron will cut compensation for its senior execs by 20%.

Pervasive Software (NASDAQ: PVSW) INDICATED HIGHER; now expects total revenue for the first quarter to be in the range of $11.6 million to $11.9 million and GAAP-basis diluted earnings per share of $0.05 to $0.06, versus prior guidance of $10.5 million to $11.5 million and GAAP-basis diluted earnings per share of $0.02 to $0.05. Non-GAAP EPS are expected to be $0.08 to $0.09, versus $0.04 to $0.07.


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Stocks Mentioned

CF 53.28

-1.99 -3.60%
Volume: 2,578,979
Track CF

CNW 26.18

-0.80 -2.97%
Volume: 766,764
Track CNW

MOS 38.44

-0.12 -0.31%
Volume: 13,250,650
Track MOS

MU 3.28

-0.19 -5.48%
Volume: 25,676,048
Track MU

POT 83.10

-0.77 -0.92%
Volume: 13,125,994
Track POT

PVSW 4.10

+0.04 +0.99%
Volume: 2,400
Track PVSW

SMSC 15.91

-0.71 -4.27%
Volume: 366,626
Track SMSC

TRA 17.20

-1.23 -6.67%
Volume: 3,163,572
Track TRA


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