Close

After-Hours Movers 06/23: (SUG) (BBBB) (NWL) (ACN) Higher; (MU) (STRI) (ORCL) Lower

June 23, 2011 6:01 PM EDT
Southern Union Company (NYSE: SUG) 14.9% HIGHER; Williams today announced that it has proposed to acquire all of the outstanding shares of for $39.00 per share in cash, for a total enterprise value of $8.7 billion.

Micron Technology, Inc. (NASDAQ: MU) 13.9% LOWER; reported Q3 EPS of $0.07, $0.09 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.37 billion.

STR Holdings, Inc. (NYSE: STRI) 10% LOWER; today provided an update on its financial guidance for the second quarter of 2011. STRI now expects to report consolidated net sales in the range of $98 to $101 million. The Company's prior guidance for its second quarter consolidated net sales was $104 to $110 million. The Company now anticipates diluted non-GAAP earnings per share of approximately $0.30 to $0.32. The prior guidance for the second quarter for diluted non-GAAP EPS was $0.38 to $0.42.

Blackboard (Nasdaq: BBBB) 8.8% HIGHER; is reported to to be in talks with Providence Equity Partners for a possible acquisition. A deal could come as soon as next week, according to sources.

Finish Line (NASDAQ: FINL) 5.1% LOWER; reported Q1 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $299.5 million versus the consensus estimate of $301.43 million. Same-store-sales were up 6.5 percent.

Williams Companies (NYSE: WMB) 4.1% LOWER; see Southern Union.

Oracle Corp (NASDAQ: ORCL) 3.7% LOWER; reported Q4 EPS of $0.75, $0.04 better than the analyst estimate of $0.71. Revenue for the quarter came in at $10.8 billion versus the consensus estimate of $10.75 billion. Sees Q1 adj-EPS of 45-48c on sales growth of 9-12%.

RadioShack (NYSE: RSH) 3.5% LOWER; will replace Harte-Hanks Inc. (NYSE: HHS) in the S&P MidCap 400 index. Marathon Petroleum will replace RadioShack in the S&P 500.

Newell Rubbermaid (NYSE: NWL) 2.4% HIGHER; announces the appointment of Michael Polk as the company's new President and CEO.

Accenture (NYSE: ACN) 2.2% HIGHER; reported Q3 EPS of $0.93, $0.03 better than the analyst estimate of $0.90. Revenue for the quarter came in at $6.7 billion versus the consensus estimate of $6.43 billion. Sees FY2011 EPS of $3.36-$3.40, versus prior guidance of $3.22-$3.30 and the consensus of $3.27. The company also raised its FY11 sales growth estimate from 11%-14% to 14%-15%. Q4 sales guidance was also raised from $6.4-$6.6 billion vs the consensus of $6.17 billion.

TIBCO Software, Inc. (NASDAQ: TIBX) 1.9% HIGHER; reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $216.4 million versus the consensus estimate of $198.47 million.

Check out our After-Hours Movers entity page to track this report each day.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Standard & Poor's, Providence Equity Partners, After-Hours Movers, Earnings