StreetInsider.com After-Hours Movers 09/26
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StreetInsider.com After-Hours Movers:
Bearingpoint Inc. (NYSE: BE) 25% LOWER; Order entered by the State Supreme Court for New York County finding the company in default under the indenture governing the Company's 2.75% Series B Convertible Subordinated Debentures due 2024 as a result of its failure to timely provide certain SEC docs. The company is deferring the filing of its Annual Report on Form 10-K for fiscal 2005. The Company will be significantly below the low end of its GAAP operating income and cash guidance ranges for 2006. Previous financial guidance withdrawn.
Red Hat (Nasdaq: RHAT) 12% LOWER; reports Q2 EPS of $0.11, in-line with estimates.(0.11) Revenues were $99.7 million vs. $97.14 million consensus. Sees Q3 EPS of $0.12-$0.13, versus the consensus of $0.12.
Jabil Circuit Inc. (NYSE: JBL) 6.8% HIGHER; reports Q4 revenues were $3.0 billion vs. $2.84 billion consensus. Company delays earnings report due to stock option expense. Expects first quarter revenue in the range of $3.1 to $3.3 billion, versus the consensus of $3.07 billion.
Landec Corporation (Nasdaq: LNDC) 5% LOWER; reports Q1 EPS of $0.00 (breakeven), 2 cents better than estimates. Revenues were $51.1 million vs. $53.18 million consensus.
Dress Barn Inc. (Nasdaq: DBRN) 4.9% HIGHER; Dress Barn (Nasdaq: DBRN) reports Q4 EPS of $0.35, 4 cents better than estimates.(0.31) Revenues were $343.3 million vs. $343.1 million consensus. For the fiscal year ending July 28, 2007, the Company reaffirms its previously estimated earnings per diluted share guidance in the range of $1.25 to $1.30.
Acorda Therapeutics, Inc. (Nasdaq: ACOR) 4.6% LOWER; seeing profit taking following today's 29% run-up and yesterday's 283% run-up after announcing positive results from its Phase 3 clinical trial of Fampridine-SR on walking in people with multiple sclerosis.
NaviSite, Inc. (NASDAQ: NAVI) 4% HIGHER; reports a Q4 loss of $0.11 compared to a loss of $0.06 for the same period in 2005. Revenues were $29.4 million compared to $25.8 million for the fourth quarter of fiscal year 2005. NaviSite projects revenue for the first quarter of fiscal year 2007 to be between $29.0 and $29.5 million, expected growth of 15% over the first quarter of fiscal year 2006.
Paychex Inc. (Nasdaq: PAYX) 2.3% LOWER; Paychex (Nasdaq: PAYX) reports Q1 EPS of $0.35, 1 cent better than estimates.(0.34) Revenues were $459.37 million vs. $461.38 million consensus. Expects to meet fiscal 2007 guidance.
Bearingpoint Inc. (NYSE: BE) 25% LOWER; Order entered by the State Supreme Court for New York County finding the company in default under the indenture governing the Company's 2.75% Series B Convertible Subordinated Debentures due 2024 as a result of its failure to timely provide certain SEC docs. The company is deferring the filing of its Annual Report on Form 10-K for fiscal 2005. The Company will be significantly below the low end of its GAAP operating income and cash guidance ranges for 2006. Previous financial guidance withdrawn.
Red Hat (Nasdaq: RHAT) 12% LOWER; reports Q2 EPS of $0.11, in-line with estimates.(0.11) Revenues were $99.7 million vs. $97.14 million consensus. Sees Q3 EPS of $0.12-$0.13, versus the consensus of $0.12.
Jabil Circuit Inc. (NYSE: JBL) 6.8% HIGHER; reports Q4 revenues were $3.0 billion vs. $2.84 billion consensus. Company delays earnings report due to stock option expense. Expects first quarter revenue in the range of $3.1 to $3.3 billion, versus the consensus of $3.07 billion.
Landec Corporation (Nasdaq: LNDC) 5% LOWER; reports Q1 EPS of $0.00 (breakeven), 2 cents better than estimates. Revenues were $51.1 million vs. $53.18 million consensus.
Dress Barn Inc. (Nasdaq: DBRN) 4.9% HIGHER; Dress Barn (Nasdaq: DBRN) reports Q4 EPS of $0.35, 4 cents better than estimates.(0.31) Revenues were $343.3 million vs. $343.1 million consensus. For the fiscal year ending July 28, 2007, the Company reaffirms its previously estimated earnings per diluted share guidance in the range of $1.25 to $1.30.
Acorda Therapeutics, Inc. (Nasdaq: ACOR) 4.6% LOWER; seeing profit taking following today's 29% run-up and yesterday's 283% run-up after announcing positive results from its Phase 3 clinical trial of Fampridine-SR on walking in people with multiple sclerosis.
NaviSite, Inc. (NASDAQ: NAVI) 4% HIGHER; reports a Q4 loss of $0.11 compared to a loss of $0.06 for the same period in 2005. Revenues were $29.4 million compared to $25.8 million for the fourth quarter of fiscal year 2005. NaviSite projects revenue for the first quarter of fiscal year 2007 to be between $29.0 and $29.5 million, expected growth of 15% over the first quarter of fiscal year 2006.
Paychex Inc. (Nasdaq: PAYX) 2.3% LOWER; Paychex (Nasdaq: PAYX) reports Q1 EPS of $0.35, 1 cent better than estimates.(0.34) Revenues were $459.37 million vs. $461.38 million consensus. Expects to meet fiscal 2007 guidance.
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