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After-Hours Movers 6/3: CYBX, CMTL, PSS Higher; MATK, ADLR, HOTT Lower

June 3, 2009 5:22 PM EDT
MATK Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Martek Biosciences Corporation (Nasdaq: MATK) 10.5% LOWER; reports Q2 EPS of $0.33, 4 cents better than the analyst estimate of $0.. Revenue for the quarter was $92.4 million, versus the consensus of $89.4 million. Martek Biosciences sees FY EPS of $1.20-$1.25, versus the consensus of $1.23. Sees FY revenues of $350-$355 million, versus the consensus of $365.1 million.

Adolor Corporation (Nasdaq: ADLR) 10.5% LOWER; today announced a reduction in force of approximately 45 employees, or 28% of its workforce, as well as other cost saving initiatives intended to lower the Company's annualized net operating cash burn. The Company's primary focus going forward will continue to be on its first commercial product, ENTEREG(R) (alvimopan), which was launched in mid-2008, and the advancement of its clinical programs. The Company is restructuring its discovery group to focus on late stage, preclinical compounds, with fewer resources dedicated to early-stage programs. Click here for the full report.

Hot Topic, Inc. (Nasdaq: HOTT) 7.6% LOWER; reports total sales for the month of May were $46 million, down 2.9% from the same period last year. Same store sales for the month came in at down 6.3%.

Cyberonics (Nasdaq: CYBX) 7.3% HIGHER; reports Q4 EPS of $0.22, 4 cents better than the analyst estimate of $0.18. Revenue for the quarter was $38.6 million, versus the consensus of $37.66 million. Sees FY10 sales of $157-$161 million, versus the consensus of $156.40 million.

Comtech Telecommunications (Nasdaq: CMTL) 4.6% HIGHER; reports Q3 EPS of $0.34, ex-items, 12 cents better than the analyst estimate of $0.22. Revenue for the quarter was $128.5 million, versus the consensus of $129.19 million.

Collective Brands Inc. (NYSE: PSS) 3.5% HIGHER; reports Q1 EPS of $0.59, 12 cents better than the analyst estimate of $0.47. Revenue for the quarter was $862.9 million, versus the consensus of $889.95 million.

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