After-Hours Movers: Ruby Tuesday (RT) Up On Results; Triquint Semi (TQNT) Sinks On Guidance

July 9, 2008 6:11 PM EDT

StreetInsider.com After-Hours Movers:

Ruby Tuesday (NYSE: RT) 21% HIGHER; reports Q4 EPS of $0.27, 7 cents better than the analyst estimate of $0.20. Revenues for the quarter were $341.35 million, versus the consensus of $341.75 million. Same store sales for the quarter fell 10.3% from the same quarter last year. Sees FY09 EPS in the range of $0.50-$0.70, versus the Street consensus of $0.51. Also, same store sales for Q1 are expected to be down 8-9%

California Pizza Kitchen, Inc. (Nasdaq: CPKI) 8% HIGHER; said Q2 revenues increased 11.3% to $176.6 million. Comparable restaurant sales increased approximately 1.4%. California Pizza now expects earnings of $0.25-$0.26 per diluted share, versus prior guidance of $0.16 to $0.17. The consensus is $0.17. California Pizza cited second quarter revenues, positive comparable restaurant sales from the Company’s Thank You Card Program and a continued focus on operating efficiencies. California Pizza Kitchen also announced today that its Board of Directors has authorized the repurchase of up to $50.0 million of common stock over the next two years.

Triquint Semiconductor, Inc. (NASDAQ: TQNT) 7% LOWER; second quarter revenue are expected to be approximately $120 million, below prior guidance of $130-$135 million. GAAP net income is expected to be between three and four cents per diluted share, versus prior guidance of five to seven cents. Gross margin is expected to be approximately 35%.

Shaw Group, Inc. (NYSE: SGR) 5% HIGHER; reports Q3 EPS of $0.70, ex-items, 7 cents better than the analyst estimate of $0.63. Revenues for the quarter were $1.82 billion, versus the consensus of $1.89 billion.

Men's Wearhouse (NYSE: MW) 4.9% LOWER; sees Q2 adjusted diluted EPS to be in a range of $0.70 to $0.74, versus prior guidance of $0.75 to $0.79.

Intervoice, Inc. (NASDAQ: INTV) 4% HIGHER; reports Q1 non-GAAP EPS of $0.13, 8 cents better than the analyst estimate of $0.05. Revenues for the quarter were $51.5 million, versus the consensus of $53.20 million.

Bank of America (NYSE: BAC) 3.2% HIGHER; CEO sees no reason to cut dividend, raise cash

Opnext, Inc. (NASDAQ: OPXT) 2.5% HIGHER; reached a definitive agreement to acquire privately held StrataLight Communications, Inc. Under the terms of the agreement, which has been approved by the boards of directors of both companies, Opnext will acquire StrataLight Communications for a total consideration of approximately 26.55 million common shares and $30 million in cash. Based on Opnext's closing share price of $5.35 on July 8, 2008, this represents a value of approximately $172 million.

Harleysville Group Inc. (NASDAQ: HGIC) 2.5% LOWER; announced that estimated catastrophe losses incurred during the second quarter will reduce operating income(1) by $0.52 to $0.57 per share after taxes, and will impact the company's statutory combined ratio between 10 and 11 points for the quarter. In the second quarter of 2007, when Harleysville Group reported operating income of $0.81 per share after taxes, the company experienced net catastrophe losses of $0.09 per share after taxes, which had a 2.2 point impact on the combined ratio. Over the past eight quarters, the company's net catastrophe losses have averaged $0.06 per share after taxes. Harleysville Group plans to announce its second quarter results on August 4.

Cooper Industries (NYSE: CBE) 2.2% HIGHER; announced that its Q2 '08 revenues will exceed the high end of forecasts for revenue growth of 12% to 15%. Revenue growth for the second quarter is now expected to be approximately 18%. Earnings per share was previously forecasted to increase to $.86 to $.90 in the second quarter, including a $.02 to $.03 impact from severance costs associated with the downsizing of a Tools Segment international facility. Earnings per share in the second quarter are now expected to slightly exceed the high end of the forecast range of $.90 inclusive of a slightly higher income tax rate and $.01 to $.02 impact from currency-related losses, as well as the aforementioned impact from severance costs.

Greenhill & Co. Inc. (NYSE: GHL) 1.4% HIGHER; will replace Philadelphia Consolidated Holding in the S&P SmallCap 600

Philadelphia Consolidated Holding Corp. (NASDAQ: PHLY) 1% HIGHER; will replace Aquila Inc. (NYSE: ILA) in the S&P MidCap 400.

LaSalle Hotel Properties (NYSE: LHO) 1% HIGHER; will replace USANA Health Sciences Inc. (NASDAQ: USNA) in the S&P SmallCap 600.

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