After-Hour Movers 4/7: Agria (GRO) Sinks After COO Resigns/Audit Delayed; Aftermarket Tech (ATAC) Up After SmallCap600 Addition

April 7, 2008 6:00 PM EDT

StreetInsider.com After-Hour Movers:

Agria Corporation (NYSE: GRO) 40% LOWER; COO Resigns. Also said independent auditors have been unable to begin their audit of the Company's financial statements for 2007. Given the substantial delay in the commencement of the audit process, there is a risk that the Company may not be able to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2007 by June 30, 2008. The Company is retracting its prior guidance for the fourth quarter of 2007 and first quarter and full year of 2008 as provided in a press release on February 25, 2008.

Aftermarket Technology (NASDAQ: ATAC) 3.5% HIGHER; will replace Mesa Air Group Inc. (NASDAQ: MESA) in the S&P SmallCap 600 after the close of trading on Wednesday, April 9, 2008.

Secure Computing Corporation (Nasdaq: SCUR) 2.3% LOWER; said it anticipates that GAAP revenue for the first quarter will be in the range of $60 to $61 million, and non-GAAP revenue will be in the range of $65 to $66 million. In its financial results press release on February 4, 2008, the company provided first quarter 2008 guidance for GAAP revenues to be in the range of $64 to $66 million, non-GAAP revenues to be in the range of $67 to $69 million. The Wall Street consensus is $67.5 million. Fully diluted non-GAAP earnings-per-share is expected to be between $0.06 and $0.07, compared to the company's prior guidance of $0.07 to $0.09. The Wall Street consensus is $0.08.

UPDATE: AMD (NYSE: AMD) 2.2% LOWER; expects revenue for the first quarter ended March 29, 2008 to be approximately $1.5 billion, versus the consensus of $1.62 billion. The decrease is due to lower than expected sales across all business segments. AMD had previously anticipated first quarter revenue to decline in line with seasonality. In addition, AMD announced plans to adjust its cost structure by reducing its workforce by approximately 10 percent by the end of the third quarter of 2008

VeriSign (Nasdaq: VRSN) 2% HIGHER; Names Robins Acting CFO, Sees Q1 Results At Or Above Prior Guidance

For Real-Time Market Moving News Sign Up for StreetInsider.com Premium - FREE TRIAL!

Related Categories

Special Reports

Stocks Mentioned

Add Your Comment

Name

Subject

Body

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