After-Hours Movers 10/13: ZAGG, SPTN Higher; APOL, UFPI, CHRS, STXS, CECO, LOPE, TESS Lower
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ZAGG Inc. (Nasdaq: ZAGG) 26% HIGHER; announced that they plan on exceed $20 million in revs for the third quarter, and now guides for full year 2010 revenue growth of 70%. The street is looking for Q310 sales of $14.6 million. The stock is currently halted, but was halted after the news came out.
Apollo Group (Nasdaq: APOL) 14% LOWER; reports Q4 EPS of $1.31, ex-items, 1 cent better than the analyst estimate of $1.30. Revenue for the quarter was $1.26 billion, which compares to the estimate of $1.26 billion. Withdraws FY11 guidance.
Universal Forest Products Inc. (Nasdaq: UFPI) 12.2% LOWER; reports Q3 GAAP EPS of $0.13, versus the $0.51 reported in the same quarter last year. Revenue for the quarter was $480.6 million, which compares to the estimate of $566.71 million. Sees current challenging conditions through 2010.
Charming Shoppes, Inc. (Nasdaq: CHRS) 9% LOWER; announces that their CEO, James P. Fogarty, is stepping down from his position. Fogarty has also resigned from the Board. Executive Vice-President of Global Sourcing and Business Transformation Anthony M. Romano has been promoted to Chief Operating Officer.
Stereotaxis (Nasdaq: STXS) 8% LOWER; reports Q3 capital orders of $12.2 million, up 94% on a year-over-year basis. Sees sales growth for the second half of this year being impacted by installation delays in Q3 and Q4. Sees Q3 sales guidance from to $13.4-$14 million, vs. the consensus of $ million. Lowers FY10 sales growth guidance from mid-twenty percent range to high-single digit range.
Career Education (Nasdaq: CECO) 7.5% LOWER; the entire for-profit education group is moving lower amid the withdrawn guidance from Apollo.
Grand Canyon Education (Nasdaq: LOPE) 7.4% LOWER; see Career Education.
ITT Educational (NYSE: ESI) 7.4% LOWER; see Career Education.
Strayer Education (Nasdaq: STRA) 6.3% LOWER; education stock
Corinthian Colleges (Nasdaq: COCO) 6% LOWER; see Career Education
DeVry (NYSE: DV) 5.6% LOWER; see Career Education.
TESSCO Technologies Inc. (Nasdaq: TESS) 2.9% LOWER; reports Q2 EPS of $0.43, 1 cent lower than the analyst estimate of $0.44. Revenue for the quarter was $165 million, which compares to the estimate of $166.31 million. Reaffirms outlook.
Spartan Stores (Nasdaq: SPTN) 1.3% HIGHER; reports Q3 GAAP EPS of $0.50, which may not compare to analyst estimate of $0.44. Revenue for the quarter was $602.1 million, which compares to the estimate of $589.80 million. Quarterly comps excluding fuel were down 4.7%. Sees FY11 performance about/slightly up vs. FY10.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
Apollo Group (Nasdaq: APOL) 14% LOWER; reports Q4 EPS of $1.31, ex-items, 1 cent better than the analyst estimate of $1.30. Revenue for the quarter was $1.26 billion, which compares to the estimate of $1.26 billion. Withdraws FY11 guidance.
Universal Forest Products Inc. (Nasdaq: UFPI) 12.2% LOWER; reports Q3 GAAP EPS of $0.13, versus the $0.51 reported in the same quarter last year. Revenue for the quarter was $480.6 million, which compares to the estimate of $566.71 million. Sees current challenging conditions through 2010.
Charming Shoppes, Inc. (Nasdaq: CHRS) 9% LOWER; announces that their CEO, James P. Fogarty, is stepping down from his position. Fogarty has also resigned from the Board. Executive Vice-President of Global Sourcing and Business Transformation Anthony M. Romano has been promoted to Chief Operating Officer.
Stereotaxis (Nasdaq: STXS) 8% LOWER; reports Q3 capital orders of $12.2 million, up 94% on a year-over-year basis. Sees sales growth for the second half of this year being impacted by installation delays in Q3 and Q4. Sees Q3 sales guidance from to $13.4-$14 million, vs. the consensus of $ million. Lowers FY10 sales growth guidance from mid-twenty percent range to high-single digit range.
Career Education (Nasdaq: CECO) 7.5% LOWER; the entire for-profit education group is moving lower amid the withdrawn guidance from Apollo.
Grand Canyon Education (Nasdaq: LOPE) 7.4% LOWER; see Career Education.
ITT Educational (NYSE: ESI) 7.4% LOWER; see Career Education.
Strayer Education (Nasdaq: STRA) 6.3% LOWER; education stock
Corinthian Colleges (Nasdaq: COCO) 6% LOWER; see Career Education
DeVry (NYSE: DV) 5.6% LOWER; see Career Education.
TESSCO Technologies Inc. (Nasdaq: TESS) 2.9% LOWER; reports Q2 EPS of $0.43, 1 cent lower than the analyst estimate of $0.44. Revenue for the quarter was $165 million, which compares to the estimate of $166.31 million. Reaffirms outlook.
Spartan Stores (Nasdaq: SPTN) 1.3% HIGHER; reports Q3 GAAP EPS of $0.50, which may not compare to analyst estimate of $0.44. Revenue for the quarter was $602.1 million, which compares to the estimate of $589.80 million. Quarterly comps excluding fuel were down 4.7%. Sees FY11 performance about/slightly up vs. FY10.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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