After-Hours Movers 07/09: (BMTI) (ASML) Higher; (MAKO) (PCX) (PSMT) (BZH) (AMD) (WDFC) Lower

July 9, 2012 5:46 PM EDT
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MAKO Surgical Corp. (Nasdaq: MAKO) 35.4% LOWER; based on the slower than expected start during the first six months of the year, MAKO now anticipates selling 42 to 48 RIO systems in 2012, which compares to prior guidance of 52 to 58 RIO system sales. Additionally, as a result of adjusted guidance for 2012 RIO sales, MAKO is narrowing 2012 MAKOplasty annual procedure guidance to 11,000 to 12,000, which compares to prior guidance of 11,000 to 13,000 procedures. Click here to see the full report.

BioMimetic Therapeutics, Inc. (NASDAQ: BMTI) 13.9% HIGHER; has submitted to the FDA an amendment to its Pre-Market Approval application for Augment® Bone Graft for its use as an alternative to autograft in hindfoot and ankle fusion procedures.

Patriot Coal (NYSE: PCX) 12% LOWER; confirmed the company has filed for Chapter 11 Bankruptcy Protection.

Pricesmart, Inc. (NASDAQ: PSMT) 7.5% LOWER; reported Q3 EPS of $0.52, $0.08 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $506.8 million versus the consensus estimate of $510.68 million.

Beazer Homes USA, Inc. (NYSE: BZH) 6.2% LOWER; is offering $75 million of its common stock and 3,000,000 (equal to $75 million) of its tangible equity units in the concurrent offerings.

AMD (NYSE: AMD) 5.8% LOWER; announced that revenue for the second quarter ended June 30, 2012 is expected to decrease approximately 11 percent sequentially. The company previously forecasted second quarter 2012 revenue to increase 3 percent, plus or minus 3 percent sequentially. The lower preliminary revenue results are primarily due to business conditions that materialized late in the second quarter, specifically softer-than-expected channel sales in China and Europe as well as a weaker consumer buying environment impacting the company's Original Equipment Manufacturer (OEM) business.

ASML Holding (Nasdaq: ASML) 5.4% HIGHER; see Intel below.

WD-40 Co (NASDAQ: WDFC) 4% LOWER; reported Q3 EPS of $0.57, $0.04 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $87 million versus the consensus estimate of $91.84 million. Looking for FY12 sales of $353-$370 million, which compares to the Street estimate of $356.5 million, and EPS of $2.33-$2.45, vs. the consensus estimate of $2.37.

Senior Housing Properties Trust (NYSE: SNH) 3.2% LOWER; commenced a public offering of 8,000,000 common shares.

DiamondRock Hospitality Company (NYSE: DRH) 2.4% LOWER; today announced that it plans to sell 20,000,000 shares of its common stock in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission. The underwriter will be granted a 30-day option to purchase up to an additional 3,000,000 shares of common stock.

ARMOUR Residential REIT (NYSE: ARR) 2.3% LOWER; announces public offering of 40 million shares of common stock.

Intel (Nasdaq: INTC) 1% LOWER; today announced it has entered into a series of agreements with ASML Holding N.V. intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling 3.3 billion (approximately $4.1 billion). The first phase of this program consists of Intel committing to R&D funding of 553 million (approximately $680 million) to assist ASML in accelerating the development and delivery of 450-mm manufacturing tools, as well as an equity investment of 1.7 billion (approximately $2.1 billion) for approximately 10 percent of ASMLs pre-transaction issued shares. The second phase of the program is conditioned upon ASML shareholder approval. It includes an additional commitment by Intel of R&D funding of 276 million (approximately $340 million) in ASML focused on accelerating EUV, as well as an equity investment of 838 million (approximately $1.0 billion) for an additional 5 percent of ASML post-transaction issued shares.

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