After-Hours Movers 11/23: IRE, AIB, GES, AWI, ORCL Higher; TIVO, SAP Lower
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Bank of Ireland (NYSE: IRE) 15% HIGHER; the Irish banks are surging after-hours as details of the Irish bailout are almost complete. One source suggested that Ireland's government could take a stake of around 50% in Bank of Ireland.
Allied Irish Banks (NYSE: AIB) 10% HIGHER; reports suggest that Ireland could take a 99.9% stake in AIB.
Guess? (NYSE: GES) 8.5% HIGHER; reports Q3 EPS of $0.75, vs. the analyst estimate of $0.59. Revenue for the quarter was $613.9 million, which compares to the estimate of $580.44 million. Comps up 1.5% in US dollars. Boosts quarterly dividend by 25% to 20c/share, declares a special dividend of $2/share. Sees Q4 EPS of $1.02-$1.06 on sales of $710-$730 million. The Street is looking for EPS of $1.02 on sales of $694.56 million. Raises FY11 EPS guidance from $2.80-$2.85 to $3.02-$3.06, vs. the consensus of $2.92.
TiVo (Nasdaq: TIVO) 3.8% LOWER; reports Q3 loss of $0.18, 1 cent lower than the analyst estimate of ($0.17). Revenue for the quarter was $41.3 million, which compares to the estimate of $41.41 million. Sees Q4 Service/Tech sales $40-$42 million. Sees Q4 loss of $32-$34 million.
Armstrong World Industries, Inc. (NYSE: AWI) 3% HIGHER; announced today that it has closed on a new $1.050 billion senior secured credit facility and that its board of directors has declared a special cash dividend of $13.74 per common share. The special cash dividend will be paid on December 10, 2010 to shareholders of record as of December 3, 2010. The ex-dividend date is December 1, 2010. Yield on the dividend is 29.3%. Armstrong's new credit facility includes $800 million of new term loans, a portion of which was used to repay $430 million principal amount of existing debt, and the remainder of which will be used to partially fund the special cash dividend. These transactions complete Armstrong's previously announced leveraged recapitalization plan.
SAP (NYSE: SAP) 1.4% LOWER; must pay Oracle (Nasdaq: ORCL) $1.3 billion in downloading case, jury says.
Oracle (Nasdaq: ORCL) 1.2% HIGHER; see SAP.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
Allied Irish Banks (NYSE: AIB) 10% HIGHER; reports suggest that Ireland could take a 99.9% stake in AIB.
Guess? (NYSE: GES) 8.5% HIGHER; reports Q3 EPS of $0.75, vs. the analyst estimate of $0.59. Revenue for the quarter was $613.9 million, which compares to the estimate of $580.44 million. Comps up 1.5% in US dollars. Boosts quarterly dividend by 25% to 20c/share, declares a special dividend of $2/share. Sees Q4 EPS of $1.02-$1.06 on sales of $710-$730 million. The Street is looking for EPS of $1.02 on sales of $694.56 million. Raises FY11 EPS guidance from $2.80-$2.85 to $3.02-$3.06, vs. the consensus of $2.92.
TiVo (Nasdaq: TIVO) 3.8% LOWER; reports Q3 loss of $0.18, 1 cent lower than the analyst estimate of ($0.17). Revenue for the quarter was $41.3 million, which compares to the estimate of $41.41 million. Sees Q4 Service/Tech sales $40-$42 million. Sees Q4 loss of $32-$34 million.
Armstrong World Industries, Inc. (NYSE: AWI) 3% HIGHER; announced today that it has closed on a new $1.050 billion senior secured credit facility and that its board of directors has declared a special cash dividend of $13.74 per common share. The special cash dividend will be paid on December 10, 2010 to shareholders of record as of December 3, 2010. The ex-dividend date is December 1, 2010. Yield on the dividend is 29.3%. Armstrong's new credit facility includes $800 million of new term loans, a portion of which was used to repay $430 million principal amount of existing debt, and the remainder of which will be used to partially fund the special cash dividend. These transactions complete Armstrong's previously announced leveraged recapitalization plan.
SAP (NYSE: SAP) 1.4% LOWER; must pay Oracle (Nasdaq: ORCL) $1.3 billion in downloading case, jury says.
Oracle (Nasdaq: ORCL) 1.2% HIGHER; see SAP.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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