After-Hours Movers 6/30: MBLX, VFC, LEH, FST Higher; QTWW Lower

June 30, 2008 5:51 PM EDT

StreetInsider.com After-Hours Movers:

Metabolix (NASDAQ: MBLX) 12.4% HIGHER; announced that Telles(TM), its joint venture with Archer Daniels Midland Company (NYSE: ADM) that produces Mirel(TM) bioplastics, has entered into an agreement to supply Mirel bioplastic resin to Labcon North America, a leading manufacturer of laboratory supplies, for the production of its new Pagoda pipet reloading system.

Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW) 5.8% LOWER; reports a Q4 loss of $0.09, or a loss of $0.06 from continuing operations, 1 cent worse than the analyst estimate of ($0.05). Revenues for the quarter were $9.7 million, versus the consensus of $8.10 million.

VF Corporation (NYSE: VFC) 4.7% HIGHER; sees Q2 EPS exceeding its prior guidance of about $0.80 by 10-12% due to stronger earnings from operations and a net favorable benefit from the resolution of various tax matters.

Lehman Brothers (NYSE: LEH) 4% HIGHER; after the close, Morgan Stanley initiated coverage of the stock with an Overweight rating.

Forest Oil Corporation (NYSE: FST) 2.9% HIGHER; today announced that it has increased its acreage position in East Texas/North Louisiana to approximately 143,000 gross acres (113,000 net acres) through acquisitions and leasing activity. Forest believes that approximately 114,000 gross acres (90,000 net acres) are prospective for the Haynesville/Bossier Shale trend in the current area of heightened activity in East Texas/North Louisiana. The majority of Forest's acreage is in Harrison County, Texas and Red River, Webster and Bienville Parishes of Louisiana.

Airgas, Inc. (NYSE: ARG) INDICATED HIGHER; today announced that beginning August 1, 2008, or as contracts permit, its operating units will increase prices on gases and equipment. Prices will increase, on average, as follows: 20% for bulk and cylinder acetylene, argon, and hydrogen, 15% for bulk and cylinder oxygen, nitrogen, carbon dioxide, helium, and specialty gases, and 15% for cylinder and bulk equipment rental fees. Prices will also increase for hardgoods and safety supplies, and delivery and other service charges.

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