After-Hours Movers 06/11: (STX) (COOL) (MCP) (GAME) Higher;
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Price: $43.33 +2.75%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.8%
EPS Growth %: -52.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.8%
EPS Growth %: -52.3%
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Seagate Technology (NASDAQ: STX) 1.4% HIGHER; in a 13G filing after the close, hedge fund Greenlight Capital disclosed a 5.37%, or 23,114,026 share, stake in the company. This is up 58.99% from the 14,538,126 shares held at the end of the latest quarter ending March 31, 2012.
Majesco Entertainment Company (NASDAQ: COOL) 1% HIGHER; reported Q2 EPS of $0.07, $0.01 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $30.4 million versus the consensus estimate of $30.04 million. Sees FY2012 EPS of $0.20-$0.30, versus the consensus of $0.32. Sees FY2012 revenue of $130-$140 million, versus the consensus of $141 million.
Molycorp, Inc. (NYSE: MCP) 1% HIGHER; reports its acquisition of Canadian-based Neo Material Technologies Inc. has officially closed, creating a global rare earth leader with a combination of a world-class rare earth resource, ultra-high-purity rare earth processing capabilities, and full 'mine-to-magnetics' vertical integration.
Shanda Games Ltd. (NASDAQ: GAME) 1% HIGHER; reported Q1 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $220.7 million versus the consensus estimate of $221.16 million. The Neo acquisition is expected to be accretive to Molycorpâ's 2012 earnings and cash flow, and positions the Company to deliver strong returns in the future. The significant synergies that have already been identified, and others expected to be implemented, will further strengthen Molycorp's financial performance beyond 2012, especially as the Company ramps up and leverages its increased production from the Mountain Pass facility.
Juniper Networks (NYSE: JNPR) 0.9% HIGHER; announced a new stock repurchase program which enables the Company to purchase up to $1 billion of the Company's common stock.
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Majesco Entertainment Company (NASDAQ: COOL) 1% HIGHER; reported Q2 EPS of $0.07, $0.01 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $30.4 million versus the consensus estimate of $30.04 million. Sees FY2012 EPS of $0.20-$0.30, versus the consensus of $0.32. Sees FY2012 revenue of $130-$140 million, versus the consensus of $141 million.
Molycorp, Inc. (NYSE: MCP) 1% HIGHER; reports its acquisition of Canadian-based Neo Material Technologies Inc. has officially closed, creating a global rare earth leader with a combination of a world-class rare earth resource, ultra-high-purity rare earth processing capabilities, and full 'mine-to-magnetics' vertical integration.
Shanda Games Ltd. (NASDAQ: GAME) 1% HIGHER; reported Q1 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $220.7 million versus the consensus estimate of $221.16 million. The Neo acquisition is expected to be accretive to Molycorpâ's 2012 earnings and cash flow, and positions the Company to deliver strong returns in the future. The significant synergies that have already been identified, and others expected to be implemented, will further strengthen Molycorp's financial performance beyond 2012, especially as the Company ramps up and leverages its increased production from the Mountain Pass facility.
Juniper Networks (NYSE: JNPR) 0.9% HIGHER; announced a new stock repurchase program which enables the Company to purchase up to $1 billion of the Company's common stock.
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