After-Hours Movers 11/05: Cisco (CSCO) Lower On Guidance, Activision Blizzard (ATVI) Up On Results

November 5, 2008 6:11 PM EST

StreetInsider.com After-Hours Movers:

McDermott International Inc. (NYSE: MDR) 17% LOWER; reports Q3 EPS of $0.37, which may not compare to the analyst estimate of $0.70. Revenue for the quarter was $1.66 billion, versus the consensus of $1.77 billion.

News Corp (NYSE: NWS.a) 12% LOWER; reports Q1 EPS of $0.20, verus the consensus of $0.22. Revenues came in at $7.51 billion, versus the consensus of $7.57 bilion.

Activision Blizzard, Inc. (Nasdaq: ATVI) 10% HIGHER; reports Q3 EPS of $0.07, compared to the Street estimate of $0.03. Revenue for the quarter was $711 million, versus the analyst estimate of $632 million. Announces $1 billion buyback. Reaffirms FY08 outlook.

Excel Maritime Carriers (NYSE: EXM) 8% HIGHER; reports Q3 EPS of $2.85, which may not compare to the analyst estimate of $1.62. Revenue for the quarter was $231.6 million, which does not compare consensus of $160.3 million.

Sunoco (NYSE: SUN) 7% HIGHER; reports Q3 EPS of $4.78, which may not compare to the analyst estimate of $2.46. Revenue for the quarter was $16.1 billion, versus the consensus of $12.84 billion.

Cisco Systems, Inc. (Nasdaq: CSCO) 6% LOWER; reports Q1 EPS of $0.42, 3 cents better than the analyst estimate of $0.39. Revenue for the quarter was $10.3 billion, versus the consensus of $10.30 billion. Sees Q2 revenues down 5%-10%, which is below the consensus.

Wells Fargo & Company (NYSE: WFC) 5% LOWER; announced today a proposed offering of $10 billion of common stock to the public.

Albany Molecular Research (Nasdaq: AMRI) 4% HIGHER; reports Q3 EPS of $0.18, 6 cents better than the analyst estimate of $0.12. Revenue for the quarter was $61.4 million, versus the consensus of $54.94 million. Raises FY08 EPS guidance from $0.48-$0.52 to $0.55-$0.57, versus the consensus of $0.54.

Morgans Hotel Group Co. (Nasdaq: MHGC) 4% LOWER; reports Q3 loss of $0.29, versus the analyst estimate of ($0.14). Revenue for the quarter was $77.7 million, versus the consensus of $75.76 million.

Mentor (NYSE: MNT) 4% LOWER; reports Q2 EPS of $0.24, ex-items, 3 cents lower than the analyst estimate of $0.27. Revenue for the quarter was $84.5 million, versus the consensus of $90.46 million. Sees FY09 sales of $355-$370 million, versus the consensus of $397 million and EPS of $1.10-$1.20, versus the consensus of $1.36.

Hewlett-Packard Company (NYSE: HPQ) 3.5% LOWER; Lower after guidance from Cisco

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