After-Hours Movers 01/17: (LLTC) (YHOO) (PMCS) Higher; (COOL) (CREE) (BXS) (NGLS) Lower
Up)
Majesco Entertainment Company (NASDAQ: COOL) 17.3% LOWER; reported Q4 EPS of ($0.07), $0.10 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $25.1 million versus the consensus estimate of $26.05 million. Majesco Entertainment Company sees FY2012 EPS of $0.25-$0.35, versus the consensus of $0.46. Majesco Entertainment Company sees FY2012 revenue of $125-$140 million, versus the consensus of $141.45 million.
Linear Technology Corp (NASDAQ: LLTC) 7.5% HIGHER; reported Q1 EPS of $0.38, $0.01 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $294.3 million versus the consensus estimate of $293.1 million.
Cree, Inc. (NASDAQ: CREE) 4% LOWER; reported Q2 EPS of $0.25, $0.01 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $304.1 million versus the consensus estimate of $309.85 million. Sees Q3 adj-EPS of 18-25 cents on sales $290-$310 million. The Street is currently expecting Q3 EPS of 30 cents on sales of $321.4 million.
Tessco Technologies, Inc. (NASDAQ: TESS) 3.9% HIGHER; reported Q3 EPS of $0.59, $0.02 better than the analyst estimate of $0.57. Revenue for the quarter came in at $226.3 million versus the consensus estimate of $225.01 million. Tessco Technologies sees FY2012 EPS of $1.90-$2.10, versus the consensus of $1.96.
BancorpSouth, Inc. (NYSE: BXS) 3.9% LOWER; has commenced an underwritten public offering of $100 million of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction. All of the shares are being offered by the Company. Reported Q4 EPS of $0.16, $0.02 better than the analyst estimate of $0.14.
Yahoo! (Nasdaq: YHOO) 3.4% HIGHER; announces Jerry Yang resigned.
Targa Resources Partners LP (NYSE: NGLS) 3.3% LOWER; announced today the commencement of an underwritten public offering of 4,000,000 common units representing limited partner interests. In the offering, the Partnership expects that approximately 1,300,000 common units will be sold to a subsidiary of Targa Resources Corp. (NYSE: TRGP), the indirect parent of our general partner, from the underwriters at the public offering price. The Partnership has also granted the underwriters a 30-day option to purchase up to 405,000 additional common units.
PMC - Sierra, Inc. (NASDAQ: PMCS) 2.7% HIGHER; hedge fund Relational Investors disclosed a 7.17%, or 16,495,777 share stake in the company. This is up 110.91% from the 7,821,114 shares held at the end of the latest quarter ending September 30, 2011.
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Linear Technology Corp (NASDAQ: LLTC) 7.5% HIGHER; reported Q1 EPS of $0.38, $0.01 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $294.3 million versus the consensus estimate of $293.1 million.
Cree, Inc. (NASDAQ: CREE) 4% LOWER; reported Q2 EPS of $0.25, $0.01 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $304.1 million versus the consensus estimate of $309.85 million. Sees Q3 adj-EPS of 18-25 cents on sales $290-$310 million. The Street is currently expecting Q3 EPS of 30 cents on sales of $321.4 million.
Tessco Technologies, Inc. (NASDAQ: TESS) 3.9% HIGHER; reported Q3 EPS of $0.59, $0.02 better than the analyst estimate of $0.57. Revenue for the quarter came in at $226.3 million versus the consensus estimate of $225.01 million. Tessco Technologies sees FY2012 EPS of $1.90-$2.10, versus the consensus of $1.96.
BancorpSouth, Inc. (NYSE: BXS) 3.9% LOWER; has commenced an underwritten public offering of $100 million of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction. All of the shares are being offered by the Company. Reported Q4 EPS of $0.16, $0.02 better than the analyst estimate of $0.14.
Yahoo! (Nasdaq: YHOO) 3.4% HIGHER; announces Jerry Yang resigned.
Targa Resources Partners LP (NYSE: NGLS) 3.3% LOWER; announced today the commencement of an underwritten public offering of 4,000,000 common units representing limited partner interests. In the offering, the Partnership expects that approximately 1,300,000 common units will be sold to a subsidiary of Targa Resources Corp. (NYSE: TRGP), the indirect parent of our general partner, from the underwriters at the public offering price. The Partnership has also granted the underwriters a 30-day option to purchase up to 405,000 additional common units.
PMC - Sierra, Inc. (NASDAQ: PMCS) 2.7% HIGHER; hedge fund Relational Investors disclosed a 7.17%, or 16,495,777 share stake in the company. This is up 110.91% from the 7,821,114 shares held at the end of the latest quarter ending September 30, 2011.
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