After-Hours Movers 10/02: KVH Industries (KVHI) Sinks On Guidance, Global Payments (GPN) Up on Results/Guidance
StreetInsider.com After-Hours Movers:
KVH Industries, Inc., (Nasdaq: KVHI) 10% LOWER; sees Q3 sales in the range of $15.6-$16 million, versus the consensus of $19.78 million, taking EPS well below the previous guidance of $0.01-$0.05.
Penn National Gaming (Nasdaq: PENN) 9% LOWER; is reducing its guidance targets for financial results for the 2008 third quarter based on a greater than anticipated impact on gaming revenue related to economic conditions, competition in certain markets and disruption caused by September hurricanes. In addition, the 2008 third quarter results will reflect higher than anticipated lobbying expenses.
MRV Communications (Nasdaq: MRVC) 8% LOWER; has revised previously announced revenue guidance for the third quarter ended September 30, 2008. Based on preliminary information, revenues for the third quarter are expected to be in the range of $127 million to $129 million. This compares to previous guidance for the third quarter of 2008 of $139 million to $144 million.
Global Payments Inc. (NYSE: GPN) 7% HIGHER; reports Q1 EPS of $0.71, 9 cents better than the analyst estimate of $0.60. Revenues for the quarter were $405.8 million, versus the consensus of $395.73 million. Sees FY08 revs of $1.64-$1.68 billion, versus the consensus of $1.66 billion, and EPS of $2.37-$2.45, versus the consensus of $2.27.
AngioDynamics (Nasdaq: ANGO) 6% HIGHER; reports Q1 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenues for the quarter were $44.3 million, versus the consensus of $45.56 million. Reaffirms FY09 sales guidance of $205-$210 million, versus the consensus of $209.47 million. GAAP EPS are expected to be about $0.55.
Lawson Software, Inc. (Nasdaq: LWSN) 4.6% LOWER; reports Q1 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenues for the quarter were $190.9 million, versus the consensus of $191.01 million. Sees Q2 non-GAAP EPS in the range of $0.07-$0.10, versus the consensus of $0.09.
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