After-Hours Movers 10/06: DAN, BARE, YUM Higher; AAI, TSON, LINE, ARO Lower

October 6, 2009 5:34 PM EDT

AirTran Holdings, Inc. (NYSE: AAI) 13% LOWER; intends to offer, subject to market and other conditions, $75,000,000 aggregate principal amount of Convertible Senior Notes due 2016 in an underwritten registered public offering. AirTran intends to grant the underwriters of the notes offering a 30-day option to purchase an additional $11,250,000 aggregate principal amount of the notes, solely to cover over-allotments, if any.

TranS1 Inc. (Nasdaq: TSON) 9.3% LOWER; lowers its Q3 sales guidance from $7.4-$7.9 million to $6.8-$6.9 million, which compares to the Street estimate of $7.68 million. "Our results this quarter were impacted by continuing concerns and uncertainty in the marketplace surrounding reimbursement for our AxiaLIF procedure, which we are addressing with increased education and support resources for our current and prospective surgeon users," said Rick Randall, President and CEO of TranS1. "While we are disappointed that our third quarter revenues are below previously issued guidance we remain confident in our products, clinical benefits and prospects for future growth as the market for minimally invasive spine surgery continues to expand."

LINN Energy, LLC (Nasdaq: LINE) 5.7% LOWER; plans to make a public offering of 6,000,000 units of its limited liability company interests pursuant to an effective shelf registration statement on Form S-3ASR filed with the Securities and Exchange Commission. LINN Energy has granted the underwriters a 30-day option to purchase up to an additional 900,000 units. Net proceeds from the offering are expected to be used for the repayment of debt under LINN Energy's revolving credit facility.

Dana Holding Corporation (NYSE: DAN) 4.2% HIGHER; announced that Goldman, Sachs & Co., as representative of the underwriters in Dana’s recent common stock offering that closed on September 29, 2009, exercised the option to purchase 5,083,100 additional shares of Dana common stock. In accordance with the terms of its credit agreement, Dana will use approximately 50 percent of the proceeds to repay debt. The net proceeds to Dana are approximately $32.6 million.

Bare Escentuals, Inc. (Nasdaq: BARE) 4.6% HIGHER; Piper Jaffray upgrades from Neutral to Overweight. Price target increased from $8 to $14.

Yum! Brands, Inc. (NYSE: YUM) 1.7% HIGHER; reports Q3 adj-EPS of $0.70, 12 cents better than the analyst estimate of $0.58. Revenue for the quarter was $2.778 billion, which compares to the estimate of $2.79 billion. Raises its FY09 EPS guidance from $2.10 to $2.14, which compares to the Street estimate of $2.13.

Aeropostale, Inc. (NYSE: ARO) 1.7% LOWER; Piper Jaffray & Co. downgrades from Neutral to Underweight. Price target increased by $3 to $43.

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