After-Hours Movers 3/17: TWER, SURG, STRI Higher; WPCS, SASR, CLC, TSL, THRX Lower
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TowerStream Corporation (NASDAQ: TWER) 18.2% HIGHER; reports Q4 loss of $0.05, 1 cent better than the analyst estimate of ($0.06). Revenue for the quarter was $4.0 million, which compares to the estimate of $4.10 million. Sees Q110 revs of $4.2 - $4.3 million, versus the consensus of $4.50 million.
Synergetics USA, Inc. (Nasdaq: SURG) 15.3% HIGHER; reports Q2 EPS of $0.04, versus $0.02 reported for the same period a year ago. Revenue for the quarter was $13 million, compared to $13.7 million in Q408.
WPCS International Incorporated (Nasdaq: WPCS) 13% LOWER; reports Q3 EPS of $0.01, 5 cents lower than the analyst estimate of $0.06. Revenue for the quarter was $27 million, which compares to the estimate of $27.3 million. Sees FY10 EPS of $0.17-$0.20, versus the consensus of $0.15, on sales of $102-$106 million, which compares to the Street estimate of $108.8 million.
Sandy Spring Bancorp, Inc. (NASDAQ: SASR) 6.6% LOWER; reported today that it has commenced an underwritten public offering of $83 million of its common stock. Robert W. Baird & Co. Incorporated is acting as sole book-running manager and Janney Montgomery Scott LLC is acting as co-manager. The Company intends to grant the underwriters an option to purchase up to an additional 15 percent of the amount sold to cover over-allotments, if any.
CLARCOR, Inc. (NYSE: CLC) 4.3% LOWER; reports Q1 EPS of $0.29, 2 cents lower than the analyst estimate of $0.31. Revenue for the quarter was $215.1 million, which compares to the estimate of $222.83 million. Reaffirms outlook.
Trina Solar Limited (NYSE: TSL) 4.3% LOWER; today announced that it intends to offer, subject to market and other conditions, 7,900,000 American depositary shares ("ADSs"), each representing 50 ordinary shares of the Company. Trina Solar intends to grant the underwriters an option to purchase up to additional 1,185,000 ADSs.
Theravance, Inc. (NASDAQ: THRX) 3.9% LOWER; today announced that it intends to offer, subject to market and other conditions, 7,500,000 shares of its common stock in an underwritten registered public offering. Theravance intends to grant the underwriters a 30-day over-allotment option to purchase on the same terms and conditions up to an additional 1,125,000 shares of common stock. The Company intends to use the net proceeds from the offering for general corporate purposes.
Herman Miller (NASDAQ: MLHR) 3.7% LOWER; reports Q3 EPS of $0.15, versus the analyst estimate of $0.18. Revenue for the quarter was $329.6 million, which compares to the estimate of $334.60 million.
IHS (NYSE: IHS) 3.7% LOWER; reports Q1 adj-EPS of $0.62, inline with the analyst estimate of $0.62. Revenue for the quarter was $241 million, which compares to the estimate of $247.43 million. Sees FY10 sales of $1.04-$1.08 billion, versus the consensus of $1.06 billion.
STR Holdings (NASDAQ: STRI) 3.3% HIGHER; reports Q4 EPS of $0.42, ex-items, 20 cents better than the analyst estimate of $0.22. Revenue for the quarter was $79.9 million, which compares to the estimate of $68.64 million. Sees Q1 sales of $77-$81 million, versus the consensus of $66.39 million. Sees Q1 EPS of $0.23-$0.25, versus the consensus of $0.14. Sees FY10 sales of $310-$330 million, versus the consensus of $313.85 million, on EPS of $1.05-$1.10, which compares to the Street estimate of $1.00.
Nike, Inc. (NYSE: NKE) 3.3% LOWER; reports Q3 EPS of $1.01, versus the analyst estimate of $0.89. Revenue for the quarter was $4.74 billion, which compares to the estimate of $4.60 billion. Inventories down 13% Y/Y.
Otter Tail Corporation (NASDAQ: OTTR) 2.7% LOWER; entered into a Distribution Agreement with J.P. Morgan Securities Inc. Pursuant to the terms of the Agreement, the Company may offer and sell its common shares, par value $5.00 per share, from time to time through JPMS, as the Companys distribution agent for the offer and sale of the shares, up to an aggregate sales price of $75,000,000.
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Synergetics USA, Inc. (Nasdaq: SURG) 15.3% HIGHER; reports Q2 EPS of $0.04, versus $0.02 reported for the same period a year ago. Revenue for the quarter was $13 million, compared to $13.7 million in Q408.
WPCS International Incorporated (Nasdaq: WPCS) 13% LOWER; reports Q3 EPS of $0.01, 5 cents lower than the analyst estimate of $0.06. Revenue for the quarter was $27 million, which compares to the estimate of $27.3 million. Sees FY10 EPS of $0.17-$0.20, versus the consensus of $0.15, on sales of $102-$106 million, which compares to the Street estimate of $108.8 million.
Sandy Spring Bancorp, Inc. (NASDAQ: SASR) 6.6% LOWER; reported today that it has commenced an underwritten public offering of $83 million of its common stock. Robert W. Baird & Co. Incorporated is acting as sole book-running manager and Janney Montgomery Scott LLC is acting as co-manager. The Company intends to grant the underwriters an option to purchase up to an additional 15 percent of the amount sold to cover over-allotments, if any.
CLARCOR, Inc. (NYSE: CLC) 4.3% LOWER; reports Q1 EPS of $0.29, 2 cents lower than the analyst estimate of $0.31. Revenue for the quarter was $215.1 million, which compares to the estimate of $222.83 million. Reaffirms outlook.
Trina Solar Limited (NYSE: TSL) 4.3% LOWER; today announced that it intends to offer, subject to market and other conditions, 7,900,000 American depositary shares ("ADSs"), each representing 50 ordinary shares of the Company. Trina Solar intends to grant the underwriters an option to purchase up to additional 1,185,000 ADSs.
Theravance, Inc. (NASDAQ: THRX) 3.9% LOWER; today announced that it intends to offer, subject to market and other conditions, 7,500,000 shares of its common stock in an underwritten registered public offering. Theravance intends to grant the underwriters a 30-day over-allotment option to purchase on the same terms and conditions up to an additional 1,125,000 shares of common stock. The Company intends to use the net proceeds from the offering for general corporate purposes.
Herman Miller (NASDAQ: MLHR) 3.7% LOWER; reports Q3 EPS of $0.15, versus the analyst estimate of $0.18. Revenue for the quarter was $329.6 million, which compares to the estimate of $334.60 million.
IHS (NYSE: IHS) 3.7% LOWER; reports Q1 adj-EPS of $0.62, inline with the analyst estimate of $0.62. Revenue for the quarter was $241 million, which compares to the estimate of $247.43 million. Sees FY10 sales of $1.04-$1.08 billion, versus the consensus of $1.06 billion.
STR Holdings (NASDAQ: STRI) 3.3% HIGHER; reports Q4 EPS of $0.42, ex-items, 20 cents better than the analyst estimate of $0.22. Revenue for the quarter was $79.9 million, which compares to the estimate of $68.64 million. Sees Q1 sales of $77-$81 million, versus the consensus of $66.39 million. Sees Q1 EPS of $0.23-$0.25, versus the consensus of $0.14. Sees FY10 sales of $310-$330 million, versus the consensus of $313.85 million, on EPS of $1.05-$1.10, which compares to the Street estimate of $1.00.
Nike, Inc. (NYSE: NKE) 3.3% LOWER; reports Q3 EPS of $1.01, versus the analyst estimate of $0.89. Revenue for the quarter was $4.74 billion, which compares to the estimate of $4.60 billion. Inventories down 13% Y/Y.
Otter Tail Corporation (NASDAQ: OTTR) 2.7% LOWER; entered into a Distribution Agreement with J.P. Morgan Securities Inc. Pursuant to the terms of the Agreement, the Company may offer and sell its common shares, par value $5.00 per share, from time to time through JPMS, as the Companys distribution agent for the offer and sale of the shares, up to an aggregate sales price of $75,000,000.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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