After-Hours Movers 6/8: DSCO, OXM, ALOY, BG, MIND, TXN, TTWO Higher; CNP Lower
Up)
Discovery Laboratories, Inc. (Nasdaq: DSCO) 6.4% HIGHER; announces today that it has received written guidance from the U.S. FDA that is consistent with its ongoing, comprehensive preclinical program to resolve the sole remaining chemistry, manufacturing & control issue necessary to potentially gain FDA marketing approval for Surfaxin® (lucinactant) for the prevention of Respiratory Distress Syndrome in premature infants. The safety and efficacy of Surfaxin for neonatal RDS has been previously demonstrated in a Phase 3 clinical program. If approved, Surfaxin would be the first synthetic, peptide-containing surfactant for commercial use in neonatal medicine. Discovery Labs believes it remains on track to complete the preclinical program and submit its Complete Response to the FDA in the first quarter of 2011.
CenterPoint (NYSE: CNP) 3.7% LOWER; announces offering of 22 million shares of common stock.
Oxford Industries (NYSE: OXM) 2.9% HIGHER; reports Q1 EPS of $0.76, versus the analyst estimate of $0.60. Revenue for the quarter was $217.8 million, which compares to the estimate of $207.90 million. Sees Q2 EPS of $0.30-$0.35, versus the consensus of $0.34, on sales of $175-$185 million, versus the consensus of $188.5 million. Raises its FY10 EPS guidance from $1.40-$1.50 to $1.70-$1.80, which compares to the Street estimate of $1.53. Sales moves from $760-$775 million to $790-$805 million, versus the consensus of $775.10 million.
Alloy, Inc. (Nasdaq: ALOY) 2.4% HIGHER; today announced the sale of its FrontLine in-store marketing division to Acosta Sales and Marketing. Alloy was paid a cash purchase price of $36 million, subject to a working capital adjustment. These proceeds add significantly to Alloy's net cash. The sale will permit Alloy management to increase its focus on the company's media and entertainment businesses.
Bunge Ltd. (NYSE: BG) 2.2% HIGHER; announces $700 million share buyback plan
Take-Two Interactive Software (Nasdaq: TTWO) 2.2% HIGHER; reports Q2 EPS of $0.34, 7 cents better than the analyst estimate of $0.27. Revenue for the quarter was $268 million, which compares to the estimate of $279.58 million. Sees Q310 loss of $0.10 - 0.20, versus ($0.42) consensus. Also sees Q310 Sales of $250 - $300 million, versus the consensus of $166.5 million. Raises FY10 guidance. Increases sales outlook from $725 - $925 million, to $880 - $980 million, versus $910.5 million consensus. Also eases FY10 loss estimate from $0.40 - $0.60 to $0.10 - $0.30, versus consensus of ($0.40).
Mitcham Industries (Nasdaq: MIND) INDICATED HIGHER; reports Q1 EPS of $0.11, ex-items, 2 cents better than the analyst estimate of $0.09. Revenue for the quarter was $16.5 million, which compares to the estimate of $15.07 million.
Texas Instruments (NYSE: TXN) INDICATED MODESTLY HIGHER; raises its Q2 EPS guidance from $0.56-$0.64 to $0.60-$0.64, versus the consensus of $0.61. Sales move from $3.31-$3.59 billion to $3.45-$3.59 billion, which compares to the Street estimate of $3.47 billion.
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CenterPoint (NYSE: CNP) 3.7% LOWER; announces offering of 22 million shares of common stock.
Oxford Industries (NYSE: OXM) 2.9% HIGHER; reports Q1 EPS of $0.76, versus the analyst estimate of $0.60. Revenue for the quarter was $217.8 million, which compares to the estimate of $207.90 million. Sees Q2 EPS of $0.30-$0.35, versus the consensus of $0.34, on sales of $175-$185 million, versus the consensus of $188.5 million. Raises its FY10 EPS guidance from $1.40-$1.50 to $1.70-$1.80, which compares to the Street estimate of $1.53. Sales moves from $760-$775 million to $790-$805 million, versus the consensus of $775.10 million.
Alloy, Inc. (Nasdaq: ALOY) 2.4% HIGHER; today announced the sale of its FrontLine in-store marketing division to Acosta Sales and Marketing. Alloy was paid a cash purchase price of $36 million, subject to a working capital adjustment. These proceeds add significantly to Alloy's net cash. The sale will permit Alloy management to increase its focus on the company's media and entertainment businesses.
Bunge Ltd. (NYSE: BG) 2.2% HIGHER; announces $700 million share buyback plan
Take-Two Interactive Software (Nasdaq: TTWO) 2.2% HIGHER; reports Q2 EPS of $0.34, 7 cents better than the analyst estimate of $0.27. Revenue for the quarter was $268 million, which compares to the estimate of $279.58 million. Sees Q310 loss of $0.10 - 0.20, versus ($0.42) consensus. Also sees Q310 Sales of $250 - $300 million, versus the consensus of $166.5 million. Raises FY10 guidance. Increases sales outlook from $725 - $925 million, to $880 - $980 million, versus $910.5 million consensus. Also eases FY10 loss estimate from $0.40 - $0.60 to $0.10 - $0.30, versus consensus of ($0.40).
Mitcham Industries (Nasdaq: MIND) INDICATED HIGHER; reports Q1 EPS of $0.11, ex-items, 2 cents better than the analyst estimate of $0.09. Revenue for the quarter was $16.5 million, which compares to the estimate of $15.07 million.
Texas Instruments (NYSE: TXN) INDICATED MODESTLY HIGHER; raises its Q2 EPS guidance from $0.56-$0.64 to $0.60-$0.64, versus the consensus of $0.61. Sales move from $3.31-$3.59 billion to $3.45-$3.59 billion, which compares to the Street estimate of $3.47 billion.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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