After-Hours Movers 12/03: LAVA, MRVL, FLOW, NX, AVGO Higher; TTWO, VSNT, SWHC, ZIOP, MENT, WES Lower
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Take-Two Interactive Software, Inc. (NASDAQ: TTWO) 20% LOWER; sees Q4 revs of $325-$350 million, versus the consensus of $371 million. Sees Non-GAAP EPS of $0.05-$0.10, versus the consensus of $0.33. Sees FY revs of $950-$975 million, versus the consensus of $995.1 million. Sees EPS of $(1.10) to $(1.15), versus the consensus of $(0.85). The Company expects to report a non-GAAP net loss per share for fiscal 2010 in the range of $0.40 to $0.60 on $1.0 billion to $1.2 billion in revenue. The consensus is $0.64 and $1.24 billion, respectively. Take-Two's preliminary forecast for the fiscal first quarter is for a non-GAAP net loss per share in the range of $(0.40) to $(0.50) on $210 million to $260 million in revenue. The consensus is $(0.26) and $244.2 million, respectively. Click here for the full report.
Versant Corporation (Nasdaq: VSNT) 10.5% LOWER; reports Q4 EPS of $0.45, compared to $0.59 in the same quarter last year. Revenue for the quarter was $4.1 million, versus $6 million in Q408. Versant's Board of Directors has approved a new stock repurchase program. Under the program, Versant is authorized to repurchase up to $5.0 million worth of its outstanding common shares from time to time on the open market, in block trades or otherwise. Sees FY10 sales unchanged from '09.
Magma Design Automation Inc. (Nasdaq: LAVA) 10.3% HIGHER; reports Q2 EPS of $0.03, 1 cent better than estimates. Revenues were $29.7 million vs. $28.88 million consensus. For Magma's fiscal 2010 third quarter, ending Jan. 31, 2010, the company expects total revenue in the range of $29.5 million to $30.0 million. non-GAAP earnings per share (EPS) are expected to be in the range of $0.02 to $0.03. (Consensus is $ 30.48M and $0.02, respectively)
Smith & Wesson Holding Corporation (NASDAQ: SWHC) 10% LOWER; reports Q2 adjusted EPS of $0.10, 1 cent better than the analyst estimate of $0.09. Revenue for the quarter was $108.8 million, which compares to the estimate of $104.90 million. Sees Q309 Sales $90 - $95 million, versus $104.7 million consensus.
ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP) 10% LOWER; announced today that it intends to offer shares of its common stock and warrants to purchase shares of its common stock in a public offering. JMP Securities LLC and Rodman & Renshaw, LLC are acting as co-lead managers for the offering.
Mentor Graphics (NASDAQ: MENT) 7.7% LOWER; reports Q3 adjusted EPS of $0.05, 4 cents better than the analyst estimate of $0.01. Revenue for the quarter was $189.2 million, which compares to the estimate of $183.50 million. Q409 adjusted EPS $0.28, versus $0.32 consensus. Also sees sales $230 million, versus $234 million. And sees sales of $795 million, versus $794 million consensus.
Marvell Technology Group Ltd. (NASDAQ: MRVL) 5.7% HIGHER; reports Q3 EPS of $0.35, ex-items, 8 cents better than the analyst estimate of $0.27. Revenue for the quarter was $803.1 million, which compares to the estimate of $770 million.
Western Gas Partners, LP (NYSE: WES) 5.1% LOWER; announced a registered underwritten public offering of 6,000,000 common units representing limited partner interests. Western Gas Partners will grant the underwriters a 30-day option to purchase up to 900,000 additional common units. Net proceeds from the offering are expected to be used to repay amounts outstanding under the partnership's $350 million revolving credit facility. Any remaining net proceeds will be used for general partnership purposes, including capital expenditures and acquisitions.
Diamond Foods, Inc. (DMND) 4.1% LOWER; reports Q1 EPS of $0.88, 7 cents better than the analyst estimate of $0.81. Revenue for the quarter was $180.6 million, which compares to the estimate of $194.56 million. Sees Q210 EPS $0.42 - $0.46, versus $0.48 consensus. And sees sales 170 - $175 million, versus $155.17 million consensus.
Flow International Corp. (NASDAQ: FLOW) 3.2% HIGHER; reports Q2 EPS of $0.01, 3 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $42 million, which compares to the estimate of $38.7 million.
Quanex (NYSE: NX) 3.1% HIGHER; reports Q4 EPS of $0.39, versus than the analyst estimate of $0.19. Revenue for the quarter was $194.9 million, which compares to the estimate of $179.40 million.
Avago Technologies Limited (NASDAQ: AVGO) 3% HIGHER; reports Q4 Non-GAAP EPS of $0.29, compared to $0.18 in the same quarter last year. Revenue for the quarter was $428 million, versus $447 million in Q308.
Novell Inc. (Nasdaq: NOVL) 3% LOWER; reports Q4 adj-EPS of $0.11, 4 cents better than the analyst estimate of $0.07. Revenue for the quarter was $216 million, which compares to the estimate of $215.69 million. Sees Q1 sales of $200-$210 million, versus the consensus of $214.20 million.
ArcSight, Inc. (Nasdaq: ARST) 3% LOWER; reports Q2 EPS of $0.15, 2 cents better than the analyst estimate of $0.13. Revenue for the quarter was $45.5 million, which compares to the estimate of $40.89 million. ArcSight sees Q4 EPS of $0.14-$0.17, versus the consensus of $0.16. Sees revs of $42-$46 million, versus the consensus of $43.3 million.
Liquidity Services, Inc. (Nasdaq: LQDT) 2.7% LOWER; reports Q4 EPS of $0.11, ex-items, 1 cent lower than the analyst estimate of $0.12. Revenue for the quarter was $62.9 million, which compares to the estimate of $59.28 million. Sees Q1 adj-EPS of $0.09-$0.11, versus the consensus of $0.08. Sees FY10 adj-EPS of $0.40-$0.48, which compares to the Street estimate of $0.48.
Activision Blizzard (NYSE: ATVI) 2.3% LOWER; moving on Take-Two news.
EasyLink Services International Corporation (NASDAQ: ESIC) 2.2% HIGHER; reports Q1 EPS of $0.04, versus the analyst estimate of $0.06. Revenue for the quarter was $20.5 million, which compares to the estimate of $20.87 million. Raises FY10 EPS to $0.27 - $0.32, from $0.25 - $0.30 prior. Consensus EPS is $0.28.
Electronic Arts (Nasdaq: ERTS) 1.5% HIGHER; moving on Take-Two news.
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Versant Corporation (Nasdaq: VSNT) 10.5% LOWER; reports Q4 EPS of $0.45, compared to $0.59 in the same quarter last year. Revenue for the quarter was $4.1 million, versus $6 million in Q408. Versant's Board of Directors has approved a new stock repurchase program. Under the program, Versant is authorized to repurchase up to $5.0 million worth of its outstanding common shares from time to time on the open market, in block trades or otherwise. Sees FY10 sales unchanged from '09.
Magma Design Automation Inc. (Nasdaq: LAVA) 10.3% HIGHER; reports Q2 EPS of $0.03, 1 cent better than estimates. Revenues were $29.7 million vs. $28.88 million consensus. For Magma's fiscal 2010 third quarter, ending Jan. 31, 2010, the company expects total revenue in the range of $29.5 million to $30.0 million. non-GAAP earnings per share (EPS) are expected to be in the range of $0.02 to $0.03. (Consensus is $ 30.48M and $0.02, respectively)
Smith & Wesson Holding Corporation (NASDAQ: SWHC) 10% LOWER; reports Q2 adjusted EPS of $0.10, 1 cent better than the analyst estimate of $0.09. Revenue for the quarter was $108.8 million, which compares to the estimate of $104.90 million. Sees Q309 Sales $90 - $95 million, versus $104.7 million consensus.
ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP) 10% LOWER; announced today that it intends to offer shares of its common stock and warrants to purchase shares of its common stock in a public offering. JMP Securities LLC and Rodman & Renshaw, LLC are acting as co-lead managers for the offering.
Mentor Graphics (NASDAQ: MENT) 7.7% LOWER; reports Q3 adjusted EPS of $0.05, 4 cents better than the analyst estimate of $0.01. Revenue for the quarter was $189.2 million, which compares to the estimate of $183.50 million. Q409 adjusted EPS $0.28, versus $0.32 consensus. Also sees sales $230 million, versus $234 million. And sees sales of $795 million, versus $794 million consensus.
Marvell Technology Group Ltd. (NASDAQ: MRVL) 5.7% HIGHER; reports Q3 EPS of $0.35, ex-items, 8 cents better than the analyst estimate of $0.27. Revenue for the quarter was $803.1 million, which compares to the estimate of $770 million.
Western Gas Partners, LP (NYSE: WES) 5.1% LOWER; announced a registered underwritten public offering of 6,000,000 common units representing limited partner interests. Western Gas Partners will grant the underwriters a 30-day option to purchase up to 900,000 additional common units. Net proceeds from the offering are expected to be used to repay amounts outstanding under the partnership's $350 million revolving credit facility. Any remaining net proceeds will be used for general partnership purposes, including capital expenditures and acquisitions.
Diamond Foods, Inc. (DMND) 4.1% LOWER; reports Q1 EPS of $0.88, 7 cents better than the analyst estimate of $0.81. Revenue for the quarter was $180.6 million, which compares to the estimate of $194.56 million. Sees Q210 EPS $0.42 - $0.46, versus $0.48 consensus. And sees sales 170 - $175 million, versus $155.17 million consensus.
Flow International Corp. (NASDAQ: FLOW) 3.2% HIGHER; reports Q2 EPS of $0.01, 3 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $42 million, which compares to the estimate of $38.7 million.
Quanex (NYSE: NX) 3.1% HIGHER; reports Q4 EPS of $0.39, versus than the analyst estimate of $0.19. Revenue for the quarter was $194.9 million, which compares to the estimate of $179.40 million.
Avago Technologies Limited (NASDAQ: AVGO) 3% HIGHER; reports Q4 Non-GAAP EPS of $0.29, compared to $0.18 in the same quarter last year. Revenue for the quarter was $428 million, versus $447 million in Q308.
Novell Inc. (Nasdaq: NOVL) 3% LOWER; reports Q4 adj-EPS of $0.11, 4 cents better than the analyst estimate of $0.07. Revenue for the quarter was $216 million, which compares to the estimate of $215.69 million. Sees Q1 sales of $200-$210 million, versus the consensus of $214.20 million.
ArcSight, Inc. (Nasdaq: ARST) 3% LOWER; reports Q2 EPS of $0.15, 2 cents better than the analyst estimate of $0.13. Revenue for the quarter was $45.5 million, which compares to the estimate of $40.89 million. ArcSight sees Q4 EPS of $0.14-$0.17, versus the consensus of $0.16. Sees revs of $42-$46 million, versus the consensus of $43.3 million.
Liquidity Services, Inc. (Nasdaq: LQDT) 2.7% LOWER; reports Q4 EPS of $0.11, ex-items, 1 cent lower than the analyst estimate of $0.12. Revenue for the quarter was $62.9 million, which compares to the estimate of $59.28 million. Sees Q1 adj-EPS of $0.09-$0.11, versus the consensus of $0.08. Sees FY10 adj-EPS of $0.40-$0.48, which compares to the Street estimate of $0.48.
Activision Blizzard (NYSE: ATVI) 2.3% LOWER; moving on Take-Two news.
EasyLink Services International Corporation (NASDAQ: ESIC) 2.2% HIGHER; reports Q1 EPS of $0.04, versus the analyst estimate of $0.06. Revenue for the quarter was $20.5 million, which compares to the estimate of $20.87 million. Raises FY10 EPS to $0.27 - $0.32, from $0.25 - $0.30 prior. Consensus EPS is $0.28.
Electronic Arts (Nasdaq: ERTS) 1.5% HIGHER; moving on Take-Two news.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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