After-Hours Movers 11/13: Excel (EXM) Falls, Ventana (VMSI) To Talk With Roche
StreetInsider.com After-Hours Movers:
Excel Maritime Carriers Ltd. (NYSE: EXM) 15% LOWER; reported Q3 EPS of $0.96, 11 cents lower than the analyst estimate of $1.07. Revenues for the quarter were $43.2 million, versus the consensus of $45.27 million. Excel's Board of Directors also announced it has initiated a $0.20 quarterly dividend.
3SBio Inc (Nasdaq: SSRX) 14% HIGHER; reported Q3 EPS of $0.15, 3 cents better than the analyst estimate of $0.12. Revenues for the quarter were $7.5 million, versus the consensus of $6.52 million.
National Atlantic Holdings Corporation (Nasdaq: NAHC) 10% HIGHER; engaged Bank of America Securities LLC to assist the Company in its review of strategic alternatives.
La-Z-Boy Inc. (NYSE: LZB) 8% LOWER; reported Q2 EPS of $0.01, 6 cents lower than the analyst estimate of $0.07. Revenues for the quarter were $365 million, versus the consensus of $377.67 million. La-Z-Boy expects 2H08 EPS of $0.06 to $0.14.
E*TRADE Financial (Nasdaq: ETFC) 6% HIGHER; Continues today's 41% reconvery on word CEO Mitchell Caplan pulled out of Merrill Lynch's conference. Today the stock recovered in part on takeover speculation after falling 59% yesterday on bankruptcy fears.
Ventana Medical Systems Inc. (Nasdaq: VMSI) INDICATED HIGHER; entered into a confidentiality agreement with Roche. In the past, Ventana rejected Roche's $75 takeover bid.
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