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