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After-Hours Movers 12/20: LCRD, INCY, ADBE, JBL, BLDP Higher; FNSR, DRI, WBS Lower

December 20, 2010 5:32 PM EST
LaserCard (Nasdaq: LCRD) 12% HIGHER; to be acquired by ASSA ABLOY for $6.25/share.

Incyte Corporation (Nasdaq: INCY) 5.5% HIGHER; announces positive top-line results from COMFORT-I, the pivotal Phase III clinical trial of INCB18424 (also known as INC424). The COMFORT-I (COntrolled MyeloFibrosis Study with ORal JAK Inhibitor Treatment) trial is a double-blind, placebo-controlled Phase III trial involving 309 patients. Click here to see the full report.

Adobe Systems (Nasdaq: ADBE) 4.7% HIGHER; reports Q4 adj-EPS of $0.56, 4 cents better than the analyst estimate of $0.52. Revenue for the quarter was $1.01 billion, which compares to the estimate of $988.07 million. Sees Q1 sales of $1-$1.05 billion, vs. the consensus of $992.19 million, with EPS of 54-59c, which compares to the Street estimate of 51c.

Jabil Circuit (NYSE: JBL) 4.2% HIGHER; reports Q1 EPS of $0.61, 6 cents better than the analyst estimate of $0.55. Revenue for the quarter was $4.1 billion, which compares to the estimate of $3.96 billion. Sees Q2 adj-EPS of 49-53c, vs. the consensus of 44c. Sees sales of $3.85-$3.95 billion, which compares to the Street estimate of $3.7 billion.

Finisar (Nasdaq: FNSR) 3.7% LOWER; to sell 3.6 million shares in an equity offering.

Ballard Power Systems (Nasdaq: BLDP) 3.6% HIGHER; announces the sale of 1.25-MW of their FCgen-1300 fuel cell product, together with engineering support services, to Real Time Engineering PTE Ltd. RTE intends to produce a 1MW distributed power generator for deployment in Singapore.

Darden Restaurants, Inc. (NYSE: DRI) 3.5% LOWER; reports Q2 EPS of $0.54, inline with the analyst estimate of $0.54. Revenue for the quarter came in at $1.73 billion, versus the consensus estimate of $1.73 billion. Will buyback up to 25 million shares of common stock. Affirms FY11 EPS growth guidance of 14-17%.

Webster Financial Corporation (NYSE: WBS) 2.6% LOWER; commences 6.63 million common stock offering.

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