After-Hours Movers 11/20: Dell (DELL) Up On Results, Autodesk (ADSK) Lower

November 20, 2008 6:26 PM EST

StreetInsider.com After-Hours Movers:

Image Entertainment, Inc. (NASDAQ: DISK) 209% HIGHER; has entered into a definitive merger agreement with Nyx Acquisitions, Inc. to sell Image in a transaction valued at approximately $100 million, including the assumption of the company's outstanding debt under its credit facility, replication advance obligation and convertible note. Under the terms of the merger agreement, Image stockholders will receive $2.75 per share in cash. The agreed-upon acquisition price represents a 299% premium to Image's closing share price of $0.69 on November 20, 2008, and a 267% premium to the 30-day average closing price of $0.75 ended November 20, 2008.

Aruba Networks, Inc. (Nasdaq: ARUN) 20% HIGHER; reports Q3 EPS of $0.02, ex-items, 1 cent better than the analyst estimate of $0.01. Revenue for the quarter was $52.4 million, versus the consensus of $50.95 million.

Autodesk, Inc. (Nasdaq: ADSK) 17% LOWER; reports Q3 EPS of $0.56, 3 cents better than the analyst estimate of $0.53. Revenue for the quarter was $607 million, versus the consensus of $605.91 million. Autodesk sees Q4 EPS 28c-34c versus consensus of 51 cents. Autodesk sees Q4 revenue $525M to $550M versus consensus of $611.17 million.

Dell, Inc. (Nasdaq: DELL) 6% HIGHER; reports Q3 EPS of $0.37, 6 cents better than the analyst estimate of $0.31. Revenue for the quarter was $15.2 billion, versus the consensus of $16.22 billion.

Salesforce.com, Inc. (NYSE: CRM) 5% HIGHER; reports Q3 EPS of $0.08, 1 cent better than the analyst estimate of $0.07. Revenue for the quarter was $276.5 million, versus the consensus of $273.56 million. Sees FY10 revs of $1.35-$1.36 billion, versus the consensus of $1.36 and Q4 revs of $284-$285 million, versus the consensus of $285.7 million and GAAP EPS of $0.06-$0.07, versus the Street estimate of $0.07.

Gap Inc. (NYSE: GPS) 3.5% HIGHER; reports Q3 EPS of $0.35, 1 cent better than the analyst estimate of $0.34. Revenue for the quarter was $3.6 billion, versus the consensus of $3.57 billion. Q3 same store sales fell 12%, compared to a 5% decline during the same quarter last year. Reaffirms FY08 guidance.

Brocade Communications (Nasdaq: BRCD) 2.5% HIGHER; reports Q4 EPS of $0.20, 3cents better than the analyst estimate of $0.17. Revenue for the quarter was $398.5 million, versus the consensus of $389.24 million.

Novatel Wireless (Nasdaq: NVTL) 2.2% HIGHER; reports Q3 non-GAAP EPS of $0.01, 6 cents lower than the analyst estimate of $0.07. Revenue for the quarter was $78.398 million, versus the consensus of $88.63 million. Sees Q4 sales of $60-$70 million, versus the consensus of $84.99 million, and non-GAAP loss of $0.01 to a gain of $0.02, versus the Street estimate of $0.05.

Get This Report Daily Here:http://www.streetinsider.com/entities/After-Hours+Movers

Related Categories

Special Reports

Stocks Mentioned

Related Entities

• After-Hours Movers

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?