After-Hours Movers 4/16: TEL, DRYS, TPX, ICUI Higher; CYT, MGM, WRI, AMLN, BIIB Lower

April 16, 2009 5:41 PM EDT

Cytec Industries Inc. (NYSE: CYT) 16% LOWER; reports Q1 EPS of $0.06, ex-items, versus the analyst estimate of $0.29. Revenue for the quarter was $612 million, versus the consensus of $771.41 million. Sees FY09 EPS of $1.35-$1.75, versus the consensus of $2.12. Will cut its quarterly dividend from $0.1125 to $0.0125 per common share, effective immediately.

MGM Mirage (NYSE: MGM) 12% LOWER; just before the close, the WSJ reported that Carl Icahn and Oaktree Capital are pushing for an MGM bankruptcy.

Tyco Electronics (NYSE: TEL) 9.5% HIGHER; reports preliminary Q2 sales of $2.46 billion, versus the consensus of $ billion. Sees non-GAAP adjusted operating income of about $75 million. Sees a non-cash goodwill impairment charge of $3.3-$3.8 billion. The company also expects to report $135 million of charges related to its portion of previously-disclosed Tyco International securities litigation. Also announced that Harris Corporation (NYSE: HRS) has signed a definitive agreement to acquire Tyco Electronics' Wireless Systems business, an established provider of mission-critical wireless communications systems for law enforcement, fire and rescue, and public service organizations.

DryShips Inc. (NASDAQ: DRYS) 7% HIGHER; announced the completion of the ATM Equity Offering in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009. Merrill Lynch & Co. acted as sales agent in the offering. Following the completion of the program, the Company has approximately 184,760,000 common shares outstanding. Click here for the full report.

Weingarten Realty Investors (NYSE: WRI) 5.7% LOWER; is offering 25,500,000 common shares in a registered public offering. The Company also plans to grant the underwriters an option to purchase up to 3,825,000 additional shares. Merrill Lynch & Co. and J.P.Morgan are acting as joint book-running managers for the offering. The Company intends to use the net proceeds from the sale of the common shares to reduce borrowings outstanding on its revolving credit facility and for general corporate purposes, including the repayment or repurchase of outstanding indebtedness.

Tempur Pedic International (NYSE: TPX) 4% HIGHER; reports Q1 EPS of $0.18, 6 cents better than the analyst estimate of $0.12. Revenue for the quarter was $177.1 million, versus the consensus of $184.41 million. Affirms its Fy09 EPS guidance of $0.70-$0.90, versus the consensus of $0.73. Sales for the year are expected to be in the range of $700-$740 million, versus the Street estimate of $762.82 million.

Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) 4% LOWER; reports Q1 loss of $0.34, 1 cent worse than the analyst estimate of ($0.35). Revenue for the quarter was $193.7 million, versus the consensus of $204.94 million.

ICU Medical, Inc. (Nasdaq: ICUI) 2.4% HIGHER; reports Q1 EPS of $0.47, versus the analyst estimate of $0.33. Revenue for the quarter was $54.3 million, versus the consensus of $50.60 million. Sees FY09 sales of $215-$225 million, versus the consensus of $226.84 Maintains its FY09 EPS guidance of $1.58-$1.70, versus the consensus of $1.65.

Biogen Idec Inc. (Nasdaq: BIIB) 1.8% LOWER; reports Q1 EPS of $1.05, 4 cents better than the analyst estimate of $1.01. Revenue for the quarter was $1.04 billion, versus the consensus of $1.08 billion.

Google (Nasdaq: GOOG) 1.7% LOWER; reports Q1 EPS of $5.16, ex-items, versus the analyst estimate of $4.93. Revenue for the quarter was $4.07 billion, versus the consensus of $4.08 billion.

To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.

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• Carl Icahn
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• Dividend
• After-Hours Movers
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