After-Hours Movers 6/17: YRCW, Q, AMTD Higher; MF, HOO, CLC, NOVL Lower
MF Global (NYSE: MF) 15% LOWER; intends to offer approximately $150 million of non-cumulative perpetual convertible preference shares and $150 million of convertible senior notes, in two private offerings. Each offering will have an option for an additional 20% granted to the initial purchasers. The proceeds of the offerings together with other components of the company's capital plan will be used to repay its outstanding bridge loan due in December 2008.
Cascal N.V. (NYSE: HOO) 11% LOWER; reports Q4 EPS of $0.09, versus $0.19 in the same period last year. Revenues for the quarter came in at $40.5 million, compared to $34.4 million in Q407. Reaffirms FY09 outlook.
YRC Worldwide Inc. (Nasdaq: YRCW) 10% HIGHER; reaffirmed its previously issued Q2 EPS guidance of $0.30-$0.40, versus the consensus of $0.29. The firm said its GAAP estimate includes net curtailment gains of $.34 per share and a charge for a significant accident of $.09 per share.
CLARCOR (NYSE: CLC) 4.6% LOWER; reports Q2 EPS of $0.48, 1 cent better than the analyst estimate of $0.47. Revenues for the quarter were $267.1 million, versus the consensus of $274.86 million. Raises its FY08 EPS estimate from $1.85-$2.05 to $1.90-$2.20, versus the consensus of $1.92.
Qwest Communications (NYSE: Q) 4% HIGHER; took back some gains after falling more than a percent during today's trading session.
Novell (Nasdaq: NOVL) 2.4% LOWER; reiterated its previously issued FY08 guidance of sales in the range of $940-$970 million, versus the consensus of $ million. Non-GAAP operating margins are expected to be 7-9%, excluding all acquisition-related intangible asset amortization.
TD Ameritrade (Nasdaq: AMTD) 2% HIGHER; saw 306,000 client trades per day in May, up 24% from last year and 3% sequentially. Expects its EPS to be at or near the high end of its $0.27-$0.33 guidance range for the June quarter from the April 17, 2008 Outlook Statement. (Consensus is $0.31)
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