After Hours Movers 11/14: Lenox Group (LNX) Up on Strategic Review; Hibbett Sports (HIBB), Coldwater Creek (CWTR) Lower on Guidance
StreetInsider.com After Hours Movers:
Lenox Group Inc. (NYSE: LNX) 30% HIGHER; announced that its Board of Directors has adopted a 'Stockholder Rights Plan', in order to explore strategic alternatives in an attempt to enhance shareholder value. Under the terms of the Rights Plan, Lenox will try to reduce the likelihood that a potential acquirer would gain control of Lenox by open market accumulation or other coercive takeover tactics without paying a premium for the Company’s shares.
Hibbett Sports, Inc. (NASDAQ: HIBB) 19% LOWER; revised outlook for its fiscal Q4: EPS are expected to be in the range of $0.20 to $0.26, down from previous guidance in the range of $0.36 to $0.44, versus the consensus of $0.40.
Coldwater Creek (Nasdaq: CWTR) 11.8% LOWER; expects a Q4 loss per share in the range of ($0.16) to ($0.20), compared to the company's prior guidance of break-even for the fourth quarter. The Wall Street consensus is $0.00. Comparable store sales for the fourth quarter of 2007 are expected to reflect a decrease of mid- to high-teens versus the prior year level.
Fair Isaac Corporation (NYSE: FIC) 9.8% LOWER; expects to report Q1 revenues in the range of $198 to $200 million. This is lower than the first quarter revenue guidance of $205 million provided by the company last quarter. Q1 EPS is expected to be $0.37 to $0.39 per diluted share. This is lower than the guidance of $0.45 provided last quarter.
Dick's Sporting Goods Inc. (NYSE: DKS) 6% LOWER; Lower guidance from Hibbett Sports
Ruby Tuesday, Inc. (NYSE: RT) 4.5% HIGHER; A number of insider purchases at Ruby Tuesday were disclosed after the close.
MFA Mortgage Investments, Inc. (NYSE: MFA) 4% LOWER; plans to make a public offering of 20,000,000 shares of its common stock.
Converted Organics (NASDAQ: COIN) 3% LOWER; Profit-taking after today's 41% run-up
Bidz.com (NASDAQ: BIDZ) 3% HIGHER; expects both fourth quarter and 2007 revenue and pre-tax income guidance to exceed its current guidance range. For Q4 2007, the Company now expects to exceed revenues of $56-$58 million, and pre-tax income of $5.6-$6.0 million. For 2007, the Company expects to exceed its revenue guidance range of $180-$182 million and pre-tax income of $18.0-$18.5 million.
Genentech, Inc. (NYSE: DNA) 1% LOWER; reported Q4 EPS of $0.69, 2 cents better than the analyst estimate of $0.67. Revenues for the quarter were $2.97 billion, versus the consensus of $2.97 billion. Sees FY08 EPS of $3.30-$3.45, versus the consensus of $3.37.
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