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Today's After-Hours Movers
Violin Memory (NYSE: VMEM) 22.5% LOWER; reported Q2 EPS of ($0.59), $0.03 worse than the analyst estimate of ($0.56). Revenue for the quarter came in at $7.5 million versus the consensus estimate of $11 million.
Restoration Hardware (NYSE: RH) 13.9% HIGHER; reported Q2 EPS of $0.44, $0.15 better than the analyst estimate of $0.29. Revenue for the quarter came in at $543.4 million versus the consensus estimate of $511.4 million. Comparable brand revenues declined 3% compared to a 16% increase last year. GUIDANCE: Restoration Hardware sees Q3 2016 EPS of $0.13-$0.18, versus the consensus of $0.40. Restoration Hardware sees Q3 2016 revenue of $520-530 million, versus the consensus of $539.6 million.
Finisar (NASDAQ: FNSR) 12.7% HIGHER; reported Q1 EPS of $0.38, $0.08 better than the analyst estimate of $0.30. Revenue for the quarter came in at $341.3 million versus the consensus estimate of $332.75 million. Finisar sees Q2 2017 EPS of $0.44-$0.50, versus the consensus of $0.32. Finisar sees Q2 2017 revenue of $355-375 million, versus the consensus of $342.9 million.
Lantheus Holdings, Inc. (NASDAQ: LNTH) 11.4% LOWER; announced an agreement to sell 5,200,000 shares of its common stock to Credit Suisse and Jefferies LLC as underwriters in an underwritten public offering pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on Form S-3. The Company intends to use a combination of net proceeds from this offering, together with cash on hand, to pay down approximately $55 million of the outstanding principal balance under its senior secured credit facilities. Credit Suisse and Jefferies LLC will act as underwriters for the offering.
Vince Holding (NYSE: VNCE) 7.4% LOWER; reported Q2 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $60.7 million versus the consensus estimate of $64.15 million.
Resonant Inc. (NASDAQ: RESN) 6.4% LOWER; announced that it is offering to sell shares of its common stock in an underwritten public offering. The offering is expected to price on or about Friday, September 9, 2016.
Zumiez, Inc. (NASDAQ: ZUMZ) 3.6% LOWER; reported Q2 EPS of ($0.03), $0.05 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $178.3 million versus the consensus estimate of $177.45 million. Comps fell 1.1 percent, versus expectations for a 0.4 percent increase. The Company is introducing guidance for the three months ending October 29, 2016. Net sales are projected to be in the range of $209 to $213 million resulting in net income per diluted share of approximately $0.21 to $0.26. This guidance is based upon an anticipated comparable sales range of negative 2% to 0% for the third quarter of fiscal 2016. The Company currently intends to open approximately 29 new stores in fiscal 2016, including up to 6 stores in Canada and 7 stores in Europe. *** The Street sees Q3 EPS of $0.31 with revenue of $206 million.
The Williams Companies, Inc. (NYSE: WMB) 2.6% LOWER; Enterprise Products Partners L.P. (NYSE: EPD) generally does not comment on market rumors or speculation. However, due to recent news leaks, movements in the price of the partnership’s common units as well as questions from investors, Enterprise announced that it has withdrawn its indication of interest in The Williams Companies, Inc. (NYSE: WMB) regarding the possible combination of Enterprise and Williams.
CoLucid Pharmaceuticals, Inc. (Nasdaq: CLCD) 2.3% LOWER; announced that it intends to offer and sell shares of its common stock. CoLucid also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the public offering on the same terms and conditions. All of the shares of the common stock to be sold in the proposed offering will be sold by CoLucid
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