After Hours Movers 6/18: Coventry Health Care (CVH) Sinks on Profit Warning, Evergreen Solar (ESLR) Up on New Contracts

June 18, 2008 6:09 PM EDT

StreetInsider.com After Hours Movers:

Huntsman (NYSE: HUN) 35% LOWER; Hexion Specialty Chemicals filed suit in the Delaware Court of Chancery alleging its $10.6 billion merger agreement with Huntsman is no longer viable.

Coventry Health Care, Inc. (NYSE: CVH) 20% LOWER; cut second quarter and full year 2008 earnings per share estimates. The Company expects second quarter diluted earnings per share (EPS) in the range of $0.55 to $0.57 and full year diluted EPS in the range of $3.65 to $3.75. The consensu sis $1.04 and $4.43, respectively.

Evergreen Solar, Inc. (Nasdaq: ESLR) 13% HIGHER; signed two new long-term sales contracts valued at approximately $600 million with United States-based groSolar and German-based Wagner & Co Solartechnik GmbH. These contracts extend through 2012 and bring the company’s total contractual backlog to approximately $1.7 billion.

Aetna (NYSE: AET) 10% LOWER; After Coventry Health's profit warning

UnitedHealth Group (NYSE: UNH) 8% LOWER; After Coventry Health's profit warning

Humana (NYSE: HUM) 7% LOWER; After Coventry Health's profit warning

Casella Waste Systems, Inc. (Nasdaq: CWST) 6% HIGHER; reports a Q4 loss of $0.18, ex-items, 4 cents better than the analyst estimate of ($0.22). Revenues for the quarter were $139.6 million, versus the consensus of $137.66 million. Sees FY09 revs of $610-$628 million, versus the consensus of $605.7 million.

WellPoint Inc. (NYSE: WLP) 6% LOWER; After Coventry Health's profit warning

CIGNA (NYSE: CI) 5% LOWER; After Coventry Health's profit warning

Healthways (Nasdaq: HWAY) 4% HIGHER; reports Q3 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenues for the quarter were $191.4 million, versus the consensus of $185.53 million. Reaffirms its FY08 guidance for revs of $720-$740 million, versus the consensus of $734.35, and EPS of $1.50-$1.55, versus the consensus of $1.50.


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CI 22.26

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WLP 35.30

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