After-Hours Movers 12/11: Waters Corp (WAT) Lower On Guidance, Equitable Resources (EQT) Up On S&P 500 Nod

December 11, 2008 6:18 PM EST

StreetInsider.com After-Hours Movers:

Waters Corporation (NYSE: WAT) 13% LOWER; is revising its Q4 sales and non-GAAP EPS outlook due to weaker than expected orders for new instruments resulting from deterioration in global economic conditions. Water previously had anticipated sales revenue of approximately $454 million, representing growth of 4% versus prior year, including a negative foreign currency translation impact of 2%. Current expectations are for sales revenue in a range of $410 million to $420 million, a decline of 4-6% versus prior year, including a negative foreign currency translation impact of approximately 4%. The Wall Street consensus is $449.8 million. Quarterly non-GAAP E.P.S. that the Company had previously estimated at $1.08 - $1.12 per fully diluted share are now expected to be between $0.94 and $0.99 per fully diluted share. The Wall Street consensus is $1.08.

Lattice Semiconductor (NASDAQ: LSCC) 9% HIGHER; lowers Q4 sales guidance from 0% to down 4% to down 12%-16% seqentially. Gross margin is expected to be in-line with previous guidance of 54%-55%. Total operating expenses for Q4 are now expected to be about $29.5 million which is a revision from previous guidance of $30.5 million.

DryShips, Inc. (NASDAQ: DRYS) 7% LOWER; Continues lower after sliding 17% intra-day.

Equitable Resources Inc. (NYSE: EQT) 3.3% HIGHER; will replace Transocean Inc. (NYSE: RIG) in the S&P 500.

Forrester Research Inc. (NASDAQ: FORR) 2% HIGHER; will replace Woodward Governor in the S&P SmallCap 600

Woodward Governor Co. (NASDAQ: WGOV) 1% HIGHER; will replace Equitable Resources in the S&P MidCap 400

Bank of America (NYSE: BAC) 0.5% HIGHER; Announced the reduction of approximately 30,000 to 35,000 positions over the next three years.


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BAC 16.43

+0.40 +2.50%
Volume: 184,579,614
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DRYS 6.77

+0.53 +8.49%
Volume: 31,258,687
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EQT 43.56

+0.04 +0.09%
Volume: 922,002
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FORR 25.51

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LSCC 2.12

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RIG 89.83

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WAT 60.15

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Volume: 1,012,163
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WGOV 24.88

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Volume: 197,908
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