After-Hours Movers 8/28: Dell (DELL) Falls On Disappointing Results; Force Protection (FRPT) Down On Restatement

August 28, 2008 6:39 PM EDT

StreetInsider.com After-Hours Movers:

Force Protection, Inc. (NASDAQ: FRPT) 17% LOWER; to Restate Interim Consolidated Financial Statements for First and Second Quarters 2007

Magma Design Automation, Inc. (Nasdaq: LAVA) 10% LOWER; reports Q1 EPS of $0.02, 3 cents better than the analyst estimate of ($0.01). Revenues for the quarter were $45.7 million, versus the consensus of $44.93 million. Sees FY revs of $158-$160M, versus the consensus of $210M

Dell, Inc. (Nasdaq: DELL) 10% LOWER; reports Q2 EPS of $0.31, which may not compare to the analyst estimate of $0.36. Revenues for the quarter were $16.4 billion, versus the consensus of $15.95 billion. The company sees continued conservatism in IT spending in the U.S., which has extended into Western Europe and several countries in Asia.

Sigma Designs (Nasdaq: SIGM) 7% LOWER; reports Q2 non-GAAP EPS of $0.47, versus the analyst estimate of $0.40. Revenues for the quarter were $58.2 million, versus the consensus of $58.68 million.

China Finance Online (Nasdaq: JRJC) 4% HIGHER; reports Q2 EPS of $0.28 adjusted, 14 cents better than the analyst estimate of $0.14. Revenues for the quarter were $14.7 million, versus the consensus of $13.25 million. China Finance Online re-affirms forecast for the year.

Marvell Technology Group (Nasdaq: MRVL) 3% LOWER; reports Q2 EPS of $0.24, 2 cents better than the analyst estimate of $0.22. Revenues for the quarter were $843 million, versus the consensus of $836.73 million. Sees Q3 EPS of $0.24-$0.26, versus the consensus of $0.24. Sees Q3 revs of $860-$880M versus the consensus of $887M.

PetSmart (Nasdaq: PETM) 3% HIGHER; reports Q2 EPS of $0.30, 2 cents better than the analyst estimate of $0.28. Revenues for the quarter were $1.2 billion, versus the consensus of $1.22 billion. PetSmart sees q3 eps 25c-29c versus 27 cents consensus. Sees FY08 eps $1.51 to $1.59 versus $1.49 consensus.

Intel Corporation (INTC) 1.2% LOWER; Weak results from Dell

Cisco (Nasdaq: CSCO) 1% LOWER; Weak results from Dell

HP (NYSE: HPQ) 1% LOWER; Weak results from Dell

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