After-Hours Movers 7/23: MEMC (WFR) Sinks On Results/Outlook; Baidu (BIDU) Surges On Results

July 23, 2008 6:40 PM EDT

StreetInsider.com After-Hours Movers:

Cadence Design Systems (Nasdaq: CDNS) 27% LOWER; reports Q2 EPS of $0.14, versus the analyst estimate of $0.14. Revenues for the quarter were $329 million, versus the consensus of $316.15 million. Sees a Q3 loss of 11 to 9 cents versus consensus of a profit of 40 cents. Sees Q3 revs $235 to $245 million versus $412.8 million. Sees FY08 1 to 5 cents versus $1.16. Revenues for the year 1.12 billion to $1.14 billion versus $1.5 billion.

MEMC Electronic Materials (NYSE: WFR) 26.8% LOWER; reports Q2 EPS of $0.92, 8 cents lower than the analyst estimate of $1.00. Revenues for the quarter were $531.4 million, versus the consensus of $558 million. Sees Q3 sales of $560-$620 million, versus the consensus of $616 million. FY08 EPS are expected to be $4.00-$4.30, versus the consensus of $4.30 and revs of $2.25-$2.35 billion, versus $2.36 billion. Authorizes a $500 million increase in its buyback program.

Sierra Wireless, Inc (Nasdaq: SWIR) 18% LOWER; reports Q2 EPS of $0.36, 1 cent better than the analyst estimate of $0.35. Revenues for the quarter were $155.7 million, versus the consensus of $154.37 million. Sees Q3 eps 32 cents versus 37 cents. Sees Q3 revs $140 million versus $157 million consensus.

Omniture, Inc. (Nasdaq: OMTR) 14% LOWER; reports Q2 EPS of $0.10, 1 cent lower than the analyst estimate of $0.11. Revenues for the quarter were $74.9 million, versus the consensus of $74.34 million. Sees Q3 EPS of $0.10-$0.12, versus the consneus of $0.12 and revs of $76-$78 million, versus the consensus of $79.8 million.

Baidu (Nasdaq: BIDU) 13% HIGHER; reports Q2 EPS of $1.11, 13 cents better than the analyst estimate of $0.98. Revenues for the quarter were $117 million, versus the consensus of $112.53 million. Sees Q3 revs of $132-$136 million, versus the consensus of $135 million.

Skechers USA, Inc (NYSE: SKX) 12% LOWER; reports Q2 EPS of $0.31, 3 cents below the analyst estimate of $0.34. Revenues for the quarter were $354.6 million, versus the consensus of $360.34 million. Sees Q3 EPS 57-65 cents versus 66 cents consensus. Sees Q3 revs $425 to $440 million versus $447 million consensus.

Chipotle Mexican Grill, Inc. (NYSE: CMG) 10% LOWER; reports Q2 EPS of $0.74, 1 cent lower than the analyst estimate of $0.75. Revenues for the quarter were $340.8 million, versus the consensus of $343.89 million.

Sturm Ruger (NYSE: RGR) 10% LOWER; reports Q2 EPS of $0.05, 6 cents lower than the analyst estimate of $0.11. Revenues for the quarter were $38.7 million, versus the consensus of $45.97 million

LSI Corporation (NYSE: LSI) 10% HIGHER; reports Q2 EPS of $0.13, 4 cents better than the analyst estimate of $0.09. Revenues for the quarter were $692 million, versus the consensus of $665.52 million. Sees Q3 11-15 cents versus consensus of 11 cents. Sees Q3 revs $695-$725 million versus $693 million consensus

Gardner Denver (NYSE: GDI) 10% LOWER; reports Q2 EPS of $0.93, versus the analyst estimate of $0.94. Revenues for the quarter were $518.1 million, versus the consensus of $497.17 million. Sees Q3 84-88 cents versus 90 cents. Sees FY08 eps $3.65-$3.75 versus $3.81

QUALCOMM Inc. (Nasdaq: QCOM) 10% HIGHER; Postpones earnings report until tomorrow.

Kadant Inc. (NYSE: KAI) 9% LOWER; reports Q2 EPS of $0.50, 8 cents better than the analyst estimate of $0.42. Revenues for the quarter were $92.4 million, versus the consensus of $94 million. Lowers FY08 GAAP EPS guidance from $1.85-$1.90 to $1.65-$1.70 and sales from $385-$395 million to $365-$370 million. The Street estimates for FY08 are $1.88 and $390 million for revs. Q3 GAAP are expected to be in the range of $0.36-$0.38. The Street is expecting EPS of $0.52.

Amazon.com, Inc. (Nasdaq: AMZN) 8% HIGHER; reports Q2 EPS of $0.37, 11 cents better than the analyst estimate of $0.26. Revenues for the quarter were $4.06 billion, versus the consensus of $3.96 billion. Sees Q3 sales $4.2-$4.42 billion, versus the consensus of $4.23 billion. FY08 sales of $19.35-$20.1 billion, versus the consensus of $19.6 billion.

Varian Medical Systems, Inc. (NYSE: VAR) 7% HIGHER; reports Q2 EPS of $0.58, 12 cents better than the analyst estimate of $0.46. Revenues for the quarter were $513 million, versus the consensus of $480.30 million.

iRobot Corp. (Nasdaq: IRBT) 5% HIGHER; reports a Q2 loss of $0.18, 11 cents better than the analyst estimate of ($0.29). Revenues for the quarter were $67.2 million, versus the consensus of $51.77 million. Sees FY08 revenue $295-$303 million versus consensus of $292.27 million.

Terex Corporation (NYSE: TEX) 4.7% HIGHER; reports Q2 EPS of $2.32, 32 cents better than the analyst estimate of $2.00. Revenues for the quarter were $2.94 billion, versus the consensus of $2.76 billion. Re-affirms forecast, sees full year 2008 eps $6.85 to $7.15 versus $6.92.

F5 Networks (Nasdaq: FFIV) 4% LOWER; reports Q3 EPS of $0.23, 1 cent better than the analyst estimate of $0.22. Revenues for the quarter were $165.6 million, versus the consensus of $161.36 million. Sees Q4 sales in the range of $172-$174 million, versus the consensus of $169 million.

NutriSystem (Nasdaq: NTRI) 4% HIGHER; reports Q2 EPS of $0.71, 6 cents better than the analyst estimate of $0.65. Revenues for the quarter were $194 million, versus the consensus of $185.25 million.

Wachovia Corporation (NYSE: WB) 3.6% HIGHER; new CEO, Robert Steel, bought 1,000,000 shares on 7/22 at $15.32-$17.02.

Agnico-Eagle Mines Limited (NYSE: AEM) 3% LOWER; reports Q2 EPS of $0.08, 7 cents below the analyst estimate of $0.15. Revenues for the quarter were $92.8 million, versus the consensus of $127.37 million.

McKesson Corporation (NYSE: MCK) 2.7% LOWER; reports Q1 EPS of $0.83, 3 cents better than the analyst estimate of $0.80. Revenues for the quarter were $26.7 million, versus the consensus of $26.03 million. Sees FY09 $4.00-$4.15 versus $3.83 consensus.

Get This Report E-Mailed To You Daily and Much, Much More With StreetInsider.com Premium - FREE TRIAL

Related Categories

Special Reports

Stocks Mentioned

Related Entities

• Wachovia

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?