After-Hours Movers 9/16: ARKR Higher; CKR, RIGL, VVUS, ORCL, EK, DBRN Lower

September 16, 2009 5:22 PM EDT

Ark Restaurants Corp. (NASDAQ: ARKR) 7% HIGHER; announced today that the Board of Directors declared a $1.00 special dividend and will resume paying a regular quarterly dividend in the amount of $0.25 per share beginning with the first quarter of the Company's upcoming fiscal year.

CKE Restaurants (NYSE: CKR) 6.2% LOWER; reports Q2 EPS of $0.21, 1 cents worse than the analyst estimate of $0.22. Revenue for the quarter was $336 million, which compares to the Street estimate of $340.87 million. Q2 comps were down 4.6%.

Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) 5.6% LOWER; today announced that it is offering to sell, subject to market and other conditions, 6,000,000 shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering. It is currently anticipated that the underwriters will be granted an over-allotment option for an additional 900,000 shares.

VIVUS, Inc. (Nasdaq: VVUS) 5% LOWER; announced today that it is offering to sell, subject to market and other conditions, 9,000,000 shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering. VIVUS also intends to grant the underwriters a 30-day option to purchase up to an aggregate of 1,350,000 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by VIVUS. J.P. Morgan Securities Inc. is acting as sole book-running manager of the proposed offering.

Oracle (Nasdaq: ORCL) 4.5% LOWER; reports Q1 EPS of $0.30, ex-items, inline with the analyst estimate of $0.30. Revenue for the quarter was $5.1 billion, which compares to the Street estimate of $5.25 billion.

Eastman Kodak Company (NYSE: EK) 3.8% LOWER; announced today that it expects to raise up to $700 million through a series of financing transactions, including a commitment from Kohlberg Kravis Roberts & Co. L.P. (KKR) managed investment vehicles to purchase up to $400 million in Senior Secured Notes due 2017, that reinforces the company's strategic direction and strengthens its financial position. Click here to see the full report.

Dress Barn (Nasdaq: DBRN) 3.4% LOWER; reports Q4 EPS of $0.39, 2 cents better than the analyst estimate of $0.37. Revenue for the quarter was $398.9 million, which compares to the Street estimate of $400.70 million. Q4 comps rose 1%. Sees FY10 EPS $1.10 to $1.20 versus $1.25 consensus.

Amerigroup (NYSE: AGP) 1.5% LOWER; lowers its FY09 EPS outlook from $2.90-$3.05 to $2.55-$2.75, which compares to the Street estimate of $2.51.

Peabody (NYSE: BTU) 1% LOWER; UBS downgrades to Neutral

Patriot Coal (NYSE: PCX) 1% LOWER; UBS downgrades to Neutral.

To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.

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