After-Hours Movers 6/18: ZZ, SWHC, NLY Higher; TNK, RIMM Lower
Sealy Corp. (NYSE: ZZ) 29.6% HIGHER; sees Q2 sales of $249-301 million, versus the consensus of $296.79 million. Gross profit for the quarter is expected to be in the range of $119-$123 million.
Smith & Wesson Holding Corporation (Nasdaq: SWHC) 12.9% HIGHER; announced that it has entered into a definitive agreement to acquire Universal Safety Response, Inc. (USR), a privately held, full-service security systems solutions provider, for up to 9.7 million shares of common stock and up to $26.2 million in cash. SWHC announces Q4 FY2009 revenue of $99.5 million versus $90.83 million.
Teekay Tankers Ltd. (NYSE: TNK) 9.7% LOWER; announced today that it plans to offer 7,000,000 shares of Class A common stock of the Company in a public offering. Teekay Tankers expects to grant the underwriters a 30-day option to purchase an additional 1,050,000 shares of Class A common stock to cover any over-allotments. The Company expects to use the net offering proceeds to acquire a 2003-built Suezmax tanker from Teekay Corporation (NYSE: TK) for $57 million and to repay a portion of its outstanding debt under its revolving credit facility.
Research In Motion Limited (Nasdaq: RIMM) 4% LOWER; reports Q1 EPS of $0.98, 4 cents better than the analyst estimate of $0.94. Revenue for the quarter was $3.42 billion, versus the consensus of $3.41 billion. Sees Q2 EPS of $0.94-$1.03 and sales of $3.45-$3.7 billion, which compares to the Street estimate of $0.97 and $3.59 billion, respectively.
Annaly Capital Management, Inc. (NYSE: NLY) 2% HIGHER; today approved a 20% increase in its quarterly cash dividend from $0.50 to $0.60 per common share. This dividend is payable July 29, 2009 to common shareholders of record on June 29, 2009. The ex-dividend date is June 25, 2009.
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