After-Hours Movers 6/15: LZB, TEL Higher; MMR, BRKR, HAR, SURG Lower
La-Z-Boy Inc. (NYSE: LZB) 26% HIGHER; reports Q4 EPS of $0.07, ex-items, versus the analyst estimate of ($0.11) and compared to a loss of $0.05 in the same quarter last year. Revenue for the quarter was $284.5 million, versus the consensus of $297.38 million.
McMoRan Exploration Co. (NYSE: MMR) 7.6% LOWER; announced today that it has commenced a public offering of approximately 11 million shares of common stock. The underwriters have an option to purchase from McMoRan up to an additional 1.65 million common shares to cover overallotments, if any. McMoRan also announced today that it has concurrently commenced a public offering of 50,000 shares of convertible perpetual preferred stock.
Tyco Electronics Ltd. (NYSE: TEL) 7% HIGHER; raises its Q3 sales guidance from $2.35-$2.45 billion to $2.45-$2.55 billion, versus the consensus of $2.40 billion. Non-GAAP EPS for the quarter move from $0.01-$0.06 to $0.10-$0.17, which compares to the Street estimate of $0.03.
Bruker Corp. (Nasdaq: BRKR) 6.7% LOWER; announced that its selling stockholders will offering up to 35 million shares of its common stock. Bruker will not receive any of the proceeds from the sale of the selling stockholders' shares.
Harman International Industries, Incorporated (NYSE: HAR) 5.7% LOWER; today announced that it has commenced an underwritten public offering of 9,000,000 shares of its common stock. The offering includes a 30-day option for the underwriters to purchase up to 1,350,000 additional shares to cover overallotments, if any. Harman International intends to use the proceeds from the offering to improve its liquidity and to reduce indebtedness under its revolving credit facility, as well as for general corporate purposes, including potential future business acquisitions.
Synergetics USA, Inc. (NASDAQ: SURG) 5% LOWER; reports Q3 EPS of $0.02, compared to $0.05 in the same quarter last year. Revenue for the quarter was $13.2 million, versus $13.5 million in Q308.
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