After-Hours Movers 8/17: CRDC, BQI, KTCC, CNTF, STV, ADI Higher; XOMA, LZB, MVIS, JKHY Lower
Up)
Cardica, Inc. (Nasdaq: CRDC) 53% HIGHER; today announced that Cardica and Intuitive Surgical, Inc. (Nasdaq: ISRG) have entered into a license agreement providing Intuitive with a worldwide, exclusive license to Cardica's intellectual property, which relates to tissue cutting, stapling and clip appliers, for use in the robotics field. Pursuant to the license agreement, Cardica and Intuitive may also enter into future product development agreements. Click here
XOMA (Nasdaq: XOMA) 18% LOWER; announces 1-for-15 reverse stock split
Oilsands Quest Inc. (AMEX: BQI) 14% HIGHER; today announced that its Board of Directors has initiated a process to explore strategic alternatives for enhancing shareholder value. The Board's decision reflects careful consideration of OQI's current financial position and the capital required to execute the business plan, as well as recent expressions of interest received from third parties. In light of the significant incremental capital required to advance OQI's oil sands assets in Saskatchewan and Alberta toward commercial development, the Board determined that it is in the best interests of shareholders to hire financial advisors and formally explore all alternatives.
Key Tronic Corp. (Nasdaq: KTCC) 8% HIGHER; reports Q4 EPS of $0.22, versus $0.03 reported for the same period a year ago. Revenue for the quarter was $61.9 million, compared to $51.7 million in Q409. Sees Q111 revs of $58 - $61 million and an EPS of $0.71 - $0.20.
China Techfaith Wireless (Nasdaq: CNTF) 7.8% HIGHER; reports Q2 EPS of $0.13, versus $0.10 reported for the same period a year ago. Revenue for the quarter was $65.5 million, compared to $49.85 million in Q209. Sees Q3 sales of $66-$68 million.
La-Z-Boy Incorporated (NYSE: LZB) 4.6% LOWER; reports Q1 EPS of $0.00, versus the analyst estimate of $0.00 and compared to a gain of $0.04 during the same quarter last year. Revenue for the quarter was $263.3 million, which compares to the estimate of $263.81 million.
Microvision, Inc. (Nasdaq: MVIS) 3.4% LOWER; today announced that it has secured a committed equity financing facility under which it may sell up to $60 million of its shares of common stock to Azimuth Opportunity, Ltd. over a 24-month period. Microvision is not obligated to use the facility and remains free to enter into and consummate other equity and debt financing transactions.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) 3.3% LOWER; reports Q4 EPS of $0.35, inline with the analyst estimate of $0.35. Revenue for the quarter was $227.8 million, which compares to the estimate of $220.78 million.
China Digital TV Holding Company, Ltd. (NYSE: STV) 2.1% HIGHER; reports Q2 EPS of $0.15, 4 cents better than the analyst estimate of $0.11. Revenue for the quarter was $19.1 million, which compares to the estimate of $15.50 million. Sees Q3 sales of $15.9-$16.87 million, which compares to the Street estimate of $14.99 million.
Analog Devices, Inc. (NYSE: ADI) 1.2% HIGHER; reports Q3 EPS of $0.65, 5 cents better than the analyst estimate of $0.60. Revenue for the quarter was $720.3 million, which compares to the estimate of $706.60 million. Sees Q4 sales of $740-$770 million, vs. the consensus of $715.51 million. Sees EPS of 68-72c, vs. cons. of 61c. Sees gross margin of 66-67%.
Dillard’s, Inc. (NYSE: DDS) 1% HIGHER; today announced that the board of directors has authorized the Company to repurchase up to $250 million of its Class A Common Stock. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market or through privately negotiated transactions.
Jamba, Inc. (Nasdaq: JMBA) 1% LOWER; reports Q2 GAAP EPS of $0.02, so may not compare to the analyst estimate of $0.07, but does compare to the $0.10 loss reported during the same quarter last year. Revenue for the quarter was $74.1 million, which compares to the estimate of $75.85 million.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
XOMA (Nasdaq: XOMA) 18% LOWER; announces 1-for-15 reverse stock split
Oilsands Quest Inc. (AMEX: BQI) 14% HIGHER; today announced that its Board of Directors has initiated a process to explore strategic alternatives for enhancing shareholder value. The Board's decision reflects careful consideration of OQI's current financial position and the capital required to execute the business plan, as well as recent expressions of interest received from third parties. In light of the significant incremental capital required to advance OQI's oil sands assets in Saskatchewan and Alberta toward commercial development, the Board determined that it is in the best interests of shareholders to hire financial advisors and formally explore all alternatives.
Key Tronic Corp. (Nasdaq: KTCC) 8% HIGHER; reports Q4 EPS of $0.22, versus $0.03 reported for the same period a year ago. Revenue for the quarter was $61.9 million, compared to $51.7 million in Q409. Sees Q111 revs of $58 - $61 million and an EPS of $0.71 - $0.20.
China Techfaith Wireless (Nasdaq: CNTF) 7.8% HIGHER; reports Q2 EPS of $0.13, versus $0.10 reported for the same period a year ago. Revenue for the quarter was $65.5 million, compared to $49.85 million in Q209. Sees Q3 sales of $66-$68 million.
La-Z-Boy Incorporated (NYSE: LZB) 4.6% LOWER; reports Q1 EPS of $0.00, versus the analyst estimate of $0.00 and compared to a gain of $0.04 during the same quarter last year. Revenue for the quarter was $263.3 million, which compares to the estimate of $263.81 million.
Microvision, Inc. (Nasdaq: MVIS) 3.4% LOWER; today announced that it has secured a committed equity financing facility under which it may sell up to $60 million of its shares of common stock to Azimuth Opportunity, Ltd. over a 24-month period. Microvision is not obligated to use the facility and remains free to enter into and consummate other equity and debt financing transactions.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) 3.3% LOWER; reports Q4 EPS of $0.35, inline with the analyst estimate of $0.35. Revenue for the quarter was $227.8 million, which compares to the estimate of $220.78 million.
China Digital TV Holding Company, Ltd. (NYSE: STV) 2.1% HIGHER; reports Q2 EPS of $0.15, 4 cents better than the analyst estimate of $0.11. Revenue for the quarter was $19.1 million, which compares to the estimate of $15.50 million. Sees Q3 sales of $15.9-$16.87 million, which compares to the Street estimate of $14.99 million.
Analog Devices, Inc. (NYSE: ADI) 1.2% HIGHER; reports Q3 EPS of $0.65, 5 cents better than the analyst estimate of $0.60. Revenue for the quarter was $720.3 million, which compares to the estimate of $706.60 million. Sees Q4 sales of $740-$770 million, vs. the consensus of $715.51 million. Sees EPS of 68-72c, vs. cons. of 61c. Sees gross margin of 66-67%.
Dillard’s, Inc. (NYSE: DDS) 1% HIGHER; today announced that the board of directors has authorized the Company to repurchase up to $250 million of its Class A Common Stock. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market or through privately negotiated transactions.
Jamba, Inc. (Nasdaq: JMBA) 1% LOWER; reports Q2 GAAP EPS of $0.02, so may not compare to the analyst estimate of $0.07, but does compare to the $0.10 loss reported during the same quarter last year. Revenue for the quarter was $74.1 million, which compares to the estimate of $75.85 million.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
You May Also Be Interested In
- Top 10 News Items 5/21-5/25: Eurozone Fears Remain, But Stocks Charge Higher; Facebook Continues to Be Sold; HP Investors Cheer Q2 Results
- Unusual 11 Mid-Day Movers 05/25: (GNOM) (UPI) (RPRX) Higher; (TLB) (DCTH) (PAY) Lower
- Notable ETF Movers of the Day 05/24: (EPI) (SLV) (VXX) Higher; (UNG) (FXI) Lower
Create E-mail Alert Related Categories
Special ReportsRelated Entities
After-Hours MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
