After-Hours Movers 04/05: (WTSLA) (URBN) Higher; (AMSC) (DLLR) (MIND) (KRC) Lower
American Superconductor (Nasdaq: AMSC) 42% LOWER; cuts guidance: Sees Q4 sales less than $42 million, vs. the consensus of $119.13 million. Also sees a quarterly net loss on both GAAP and non-GAAP basis. Sees FY10 sales to be less than $355 million, down from prior guidance of $430-$440 million. The company said the EPS will be "well below the company's previous forecasts."
Dollar Financial Corp. (Nasdaq: DLLR) 4.6% LOWER; commences a 5 million common stock offering. The Company also intends to grant to the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any.
Mitcham Industries Inc. (Nasdaq: MIND) 4.1% LOWER; reported Q4 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $19.7 million versus the consensus estimate of $20.64 million.
Kilroy Realty Corporation (NYSE: KRC) 3.9% LOWER; commences a 4.5 million common stock offering. The company expects to grant to the underwriters for the public offering a 30-day option to purchase up to 675,000 additional shares of common stock to cover overallotments, if any.
Wet Seal (Nasdaq: WTSLA) 3.6% HIGHER; upgraded to Overweight at Piper Jaffray. The firm raised its price target on the stock from $4 to $5.
Infinera (Nasdaq: INFN) 2.4% LOWER; falling amid the warning from Oclaro.
CIENA (Nasdaq: CIEN) 2.1% LOWER; falling amid the warning from Oclaro.
Oplink (Nasdaq: OPLK) 2% LOWER; falling amid the warning from Oclaro.
Urban Outfitters (Nasdaq: URBN) 1.8% HIGHER; upgraded to Overweight at Piper Jaffray.
Finisar (Nasdaq: FNSR) 1.6% LOWER; falling amid the warning from Oclaro.
Optimer (Nasdaq: OPTR) 1.5% LOWER; says FDA advisory panel votes to recommend fidaxomicin for the treatment of patients with CDI.
Zumiez (Nasdaq: ZUMZ) 1.4% HIGHER; upgraded to Overweight at Piper Jaffray. The firm raised its price target from $27 to $33.
Corporate Office Properties (NYSE: OFC) 1.2% LOWER; disclosed that it recognized an impairment loss of $28 million, or about 39c per share, related to an Army base known as Fort Ritchie. The company said it now expects to report Q1 FFO of 12-15c on the impairment, down from prior guidance of 51-54c. For FY11, FFO will be around $1.96-$2.18, down from previous guidance of $2.35-$2.57.
Oclaro (Nasdaq: OCLR) 1% LOWER; lowering guidance: sees Q3 sales of $116.5 million, vs. the consensus of $124.26 million. The company had previously forecast quarterly sales of $123-$131 million.
Check out our After-Hours Movers entity page to track this report each day.
Dollar Financial Corp. (Nasdaq: DLLR) 4.6% LOWER; commences a 5 million common stock offering. The Company also intends to grant to the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any.
Mitcham Industries Inc. (Nasdaq: MIND) 4.1% LOWER; reported Q4 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $19.7 million versus the consensus estimate of $20.64 million.
Kilroy Realty Corporation (NYSE: KRC) 3.9% LOWER; commences a 4.5 million common stock offering. The company expects to grant to the underwriters for the public offering a 30-day option to purchase up to 675,000 additional shares of common stock to cover overallotments, if any.
Wet Seal (Nasdaq: WTSLA) 3.6% HIGHER; upgraded to Overweight at Piper Jaffray. The firm raised its price target on the stock from $4 to $5.
Infinera (Nasdaq: INFN) 2.4% LOWER; falling amid the warning from Oclaro.
CIENA (Nasdaq: CIEN) 2.1% LOWER; falling amid the warning from Oclaro.
Oplink (Nasdaq: OPLK) 2% LOWER; falling amid the warning from Oclaro.
Urban Outfitters (Nasdaq: URBN) 1.8% HIGHER; upgraded to Overweight at Piper Jaffray.
Finisar (Nasdaq: FNSR) 1.6% LOWER; falling amid the warning from Oclaro.
Optimer (Nasdaq: OPTR) 1.5% LOWER; says FDA advisory panel votes to recommend fidaxomicin for the treatment of patients with CDI.
Zumiez (Nasdaq: ZUMZ) 1.4% HIGHER; upgraded to Overweight at Piper Jaffray. The firm raised its price target from $27 to $33.
Corporate Office Properties (NYSE: OFC) 1.2% LOWER; disclosed that it recognized an impairment loss of $28 million, or about 39c per share, related to an Army base known as Fort Ritchie. The company said it now expects to report Q1 FFO of 12-15c on the impairment, down from prior guidance of 51-54c. For FY11, FFO will be around $1.96-$2.18, down from previous guidance of $2.35-$2.57.
Oclaro (Nasdaq: OCLR) 1% LOWER; lowering guidance: sees Q3 sales of $116.5 million, vs. the consensus of $124.26 million. The company had previously forecast quarterly sales of $123-$131 million.
Check out our After-Hours Movers entity page to track this report each day.
You May Also Be Interested In
- Trading Radar for 05/29: Eltek (ELTK), Sanderson Farms (SAFM), Chimera Investment (CIM), Cavco Industries (CVCO) Report
- Top 10 News Items 5/21-5/25: Eurozone Fears Remain, But Stocks Charge Higher; Facebook Continues to Be Sold; HP Investors Cheer Q2 Results
- Notable 52-Week Highs and Lows of the Day 05/23: (PETM) (TOL) (TRIP) High; (DELL) (HPQ) (TSL) Low
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Piper Jaffray, After-Hours MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
