After-Hours Movers 9/29: HOKU, JBL, ZZ, NKE Higher; CLP, DRI, SSS, SKS, MLNK, MU Lower

September 29, 2009 5:42 PM EDT

Hoku Scientific, Inc. (NASDAQ: HOKU) 41% HIGHER; today announced the signing of a definitive agreement providing for a majority investment in Hoku by Tianwei and debt financing by Tianwei and China Construction Bank for the construction and development of Hoku's polysilicon production facility in Pocatello, Idaho. The transaction will involve the conversion of $50 million of an aggregate of $79 million in secured prepayments previously paid by Tianwei to Hoku under certain polysilicon supply agreements into shares of Hoku's common stock and related warrants, plus the provision of $50 million in initial debt financing for Hoku, together with a commitment from Tianwei to assist Hoku in obtaining additional financing that may be required by Hoku to construct and operate the Pocatello facility.

Jabil (NYSE: JBL) 7.1% HIGHER; reports Q4 EPS of $0.16, 8 cents better than the analyst estimate of $0.08. Revenue for the quarter was $2.8 billion, which compares to the estimate of $2.66 billion. Sees Q1 core 21c to 32c versus 18c consensus. Sees Q1 revs $3B to 3.2B versus consensus $2.88B.

Colonial Properties Trust (NYSE: CLP) 6.6% LOWER; commenced a public offering of 9,000,000 of its common shares. The company also sees FY09 FFO $1.98 to $2.10 versus previous guidance $2.12 to $2.25 versus consensus of $2.05.

Sealy (NYSE: ZZ) 6.5% HIGHER; reports Q3 EPS of $0.05 versus the analyst estimate of $0.05. Revenue for the quarter was $349.6 million, which compares to the estimate of $335.24 million.

Darden Restaurants, Inc. (NYSE: DRI) 6% LOWER; reports Q1 EPS from continuing operations of $0.67, 1 cent better than the analyst estimate of $0.66. Revenue for the quarter was $1.73 billion, which compares to the estimate of $1.78 billion. Blended same store sales were down 5.3%. Sales at Red Lobster were $605 million, with comps sales at Olive Garden were $821 million.

Sovran Self Storage, Inc. (NYSE: SSS) 5.8% LOWER; commenced a public offering of 3,000,000 shares of common stock. The underwriters will be granted a 30-day option to purchase up to 450,000 additional shares of common stock to cover overallotments, if any.

Nike Inc. (NYSE: NKE) 5.7% HIGHER; reports Q1 EPS of $1.04, 7 cents better than the analyst estimate of $0.97. Revenue for the quarter was $4.8 billion, which compares to the estimate of $4.90 billion. Gross margin of 46.2%.

Saks (NYSE: SKS) 5.3% LOWER; today announced that it is offering to sell, subject to market and other conditions, $100 million in shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering. Saks also is granting the underwriters a 30-day option to purchase up to an aggregate of $15 million in additional shares of common stock. All of the shares in the offering are to be sold by Saks. Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co. and Wells Fargo Securities, LLC are acting as bookrunners.

ModusLink Global Solutions(TM), Inc. (NASDAQ: MLNK) 4.6% LOWER; reports Q4 loss of $0.09, compared to a loss of $0.53 in the same quarter last year. Revenue for the quarter was $225.2 million, down 18.5% from Q408.

Micron Technology Inc. (NYSE: MU) 2% LOWER; reports Q4 adj-loss of $0.09, 10 cents better than the analyst estimate of ($0.19). Revenue for the quarter was $1.3 billion, which compares to the estimate of $1.27 billion.

Allscripts-Misys Healthcare Solutions, Inc. (Nasdaq: MDRX) 1.5% LOWER; reports Q1 EPS of $0.15, ex-items, 1 cent better than the analyst estimate of $0.14. Revenue for the quarter was $164.9 million, which compares to the estimate of $166.89 million.

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