After-Hours Movers 3/18: APPA, POL, LOOK Higher; ADUS, PALM, TISI, SPWRA, NLST Lower
ADUS Hot Sheet
EPS Growth %: +35.7%
Addus Healthcare, Inc. (NASDAQ: ADUS) 15% LOWER; reports Q4 adjusted EPS of $0.07, versus the analyst estimate of $0.20. Revenue for the quarter was $65.7 million, which compares to the estimate of $66.52 million.
Palm (NASDAQ: PALM) 13.5% LOWER; reports Q3 adj-loss of $0.61, versus the analyst estimate of ($0.42). Revenue for the quarter was $366 million, which compares to the estimate of $316.19 million. Shipped 960,000 smartphones during the quarter. Sees Q4 sales of about $150 million, which compares to the Street estimate of $305.8 million.
Team, Inc. (Nasdaq: TISI) 9.5% LOWER; announced that it is lowering its pro-forma earnings guidance for the fiscal year ending May 31, 2010 to $0.80-$0.90 per fully diluted share. This guidance excludes the impact of previously announced non-routine charges associated with an independent investigation and associated with the recent Venezuelan currency devaluation. (Consensus is $0.99) The revised pro-forma earnings guidance is $0.05-$0.15 per share below the Company's previously issued pro-forma earnings guidance and reflects a current revenue estimate of $450-$460 million for fiscal 2010, or $15-$20 million below previously disclosed revenue estimates. (FY revenue consensus is $472.14M)
SunPower (Nasdaq: SPWRA) 8.3% LOWER; to restate financial statements for the year ended 2008. Click here for the full report. Also reported Q4 adj-EPS of $0.47 which may not compare to the analyst estimate of $0.49. Revenue for the quarter was $548 million, which compares to the estimate of $490.92 million. Sees Q1 adj-EPS of about $0.05, versus the consensus of $0.34, on sales of $330-$350 million. The Street is looking for sales of $427.27 million. Sees FY10 adj-EPS of $1.25-$1.65, vs. the consensus of $1.78. Sees FY10 sales of $2-$2.25 billion, vs. the consensus of $2.06 billion.
Netlist (Nasdaq: NLST) 7.1% LOWER; to offering up to 3 million shares of common stock.
AP Pharma (Nasdaq: APPA) 7% HIGHER; the stock was halted but no news has been released yet (as of about 5:45pm ET)
PolyOne Corporation (NYSE: POL) 6.1% HIGHER; today announced expectations for first quarter 2010 revenue and earnings performance. Here is the full report.
Hersha Hospitality Trust (NYSE: HT) 4.1% LOWER; announced the commencement of a public offering of 19,000,000 common shares of beneficial interest, par value $0.01 per share. Hersha intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 2,850,000 common shares to cover over-allotments, if any.
LookSmart, Ltd. (NASDAQ: LOOK) 3.1% HIGHER; reports Q4 loss of $0.05, even with the analyst estimate of ($0.05). Revenue for the quarter was $12.8 million, which compares to the estimate of $13.25 million.
ICx Tech (NASDAQ: ICXT) 3.1% HIGHER; reports Q4 loss of $0.06, versus the analyst estimate of ($0.03). Revenue for the quarter was $48.2 million, which compares to the estimate of $46.40 million. Sees FY10 sales $212 - $226 million, versus the consensus of $211.6 million. FY10 EPS of $0.06 - $0.25, versus the consensus of $0.07.
Cerner Corp. (NASDAQ: CERN) 2.7% HIGHER; S&P MidCap 400 constituent Cerner will replace BJ Services Co. (NYSE: BJS) in the S&P 500 index.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
Palm (NASDAQ: PALM) 13.5% LOWER; reports Q3 adj-loss of $0.61, versus the analyst estimate of ($0.42). Revenue for the quarter was $366 million, which compares to the estimate of $316.19 million. Shipped 960,000 smartphones during the quarter. Sees Q4 sales of about $150 million, which compares to the Street estimate of $305.8 million.
Team, Inc. (Nasdaq: TISI) 9.5% LOWER; announced that it is lowering its pro-forma earnings guidance for the fiscal year ending May 31, 2010 to $0.80-$0.90 per fully diluted share. This guidance excludes the impact of previously announced non-routine charges associated with an independent investigation and associated with the recent Venezuelan currency devaluation. (Consensus is $0.99) The revised pro-forma earnings guidance is $0.05-$0.15 per share below the Company's previously issued pro-forma earnings guidance and reflects a current revenue estimate of $450-$460 million for fiscal 2010, or $15-$20 million below previously disclosed revenue estimates. (FY revenue consensus is $472.14M)
SunPower (Nasdaq: SPWRA) 8.3% LOWER; to restate financial statements for the year ended 2008. Click here for the full report. Also reported Q4 adj-EPS of $0.47 which may not compare to the analyst estimate of $0.49. Revenue for the quarter was $548 million, which compares to the estimate of $490.92 million. Sees Q1 adj-EPS of about $0.05, versus the consensus of $0.34, on sales of $330-$350 million. The Street is looking for sales of $427.27 million. Sees FY10 adj-EPS of $1.25-$1.65, vs. the consensus of $1.78. Sees FY10 sales of $2-$2.25 billion, vs. the consensus of $2.06 billion.
Netlist (Nasdaq: NLST) 7.1% LOWER; to offering up to 3 million shares of common stock.
AP Pharma (Nasdaq: APPA) 7% HIGHER; the stock was halted but no news has been released yet (as of about 5:45pm ET)
PolyOne Corporation (NYSE: POL) 6.1% HIGHER; today announced expectations for first quarter 2010 revenue and earnings performance. Here is the full report.
Hersha Hospitality Trust (NYSE: HT) 4.1% LOWER; announced the commencement of a public offering of 19,000,000 common shares of beneficial interest, par value $0.01 per share. Hersha intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 2,850,000 common shares to cover over-allotments, if any.
LookSmart, Ltd. (NASDAQ: LOOK) 3.1% HIGHER; reports Q4 loss of $0.05, even with the analyst estimate of ($0.05). Revenue for the quarter was $12.8 million, which compares to the estimate of $13.25 million.
ICx Tech (NASDAQ: ICXT) 3.1% HIGHER; reports Q4 loss of $0.06, versus the analyst estimate of ($0.03). Revenue for the quarter was $48.2 million, which compares to the estimate of $46.40 million. Sees FY10 sales $212 - $226 million, versus the consensus of $211.6 million. FY10 EPS of $0.06 - $0.25, versus the consensus of $0.07.
Cerner Corp. (NASDAQ: CERN) 2.7% HIGHER; S&P MidCap 400 constituent Cerner will replace BJ Services Co. (NYSE: BJS) in the S&P 500 index.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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