After-Hours Stock Movers 09/19: (HDP) (AMPH) (SRPT) Higher; (ASNA) (SEAS) (HNI) Lower (more...)
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Today's After-Hours Movers
Ascena Retail Group (NASDAQ: ASNA) 23.8% LOWER; reported Q4 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.77 billion. Comps fell 4%. Ascena Retail Group sees FY2017 EPS of $0.60 - $0.65, versus the consensus of $0.83. Ascena Retail Group sees FY2017 revenue of $6.9 - $7.0 billion, versus the consensus of $7.17 billion.
SeaWorld Entertainment (NYSE: SEAS) 9% LOWER; declared a quarterly dividend of $0.10 per share, or $0.4 annualized. The company expects to redeploy this additional capital to shareholders by opportunistically repurchasing the company's shares in the open market during the remainder of 2016. The Board has also decided to suspend the company's quarterly dividend subsequent to this dividend declaration.
HNI Corporation (NYSE: HNI) 7.8% LOWER; announced that revenue and earnings for the third quarter and fiscal year 2016 are expected to be below the Corporation's previous outlook. Demand in the office furniture and hearth segments is expected to be lower than previously forecasted. Office furniture business sales will be lower than expected due to overall softer than anticipated demand, subdued small business confidence and lower than anticipated project activity. Hearth sales will be lower due to slower than expected housing starts, acquisition integration and acquired dealer transitions timing, and continued decline in pellet appliances. HNI now estimates third quarter sales to be down 4 to 7 percent compared to previous guidance of flat to up 3 percent. As a result, the Corporation expects third quarter non-GAAP earnings per diluted share to be in the range of $0.74 to $0.79 compared to its previous guidance of $0.90 to $0.95. *** The Street sees Q3 revenue of $631.5 million and EPS of $0.95.
Hortonworks (NASDAQ: HDP) 5% HIGHER; IBM (NYSE: IBM) and Hortonworks (NASDAQ: HDP) today announced the planned availability of Hortonworks Data Platform (HDP®) for IBM Power Systems enabling POWER8 clients to support a broad range of new applications while enriching existing ones with additional data sources.
Amphastar Pharmaceuticals Inc. (NASDAQ: AMPH) 5% HIGHER; will replace Cirrus Logic in the S&P SmallCap 600 after the close of trading on Wednesday, September 21.
Oclaro, Inc. (Nasdaq: OCLR) 5% LOWER; announced that it intends to offer, subject to market conditions and other considerations, 13,000,000 newly issued shares (the "Shares") of common stock,
Chesapeake Energy (NYSE: CHK) 4.4% LOWER; Carl Icahn lowered his stake to 35,344,000 from 73,050,000 citing tax planning purposes.
Herman Miller, Inc. (NASDAQ: MLHR) 3.6% LOWER; lower on HNI warning.
8point3 Energy Partners (NASDAQ: CAFD) 3.2% HIGHER; declared a quarterly dividend of $0.2406 per share, or $0.9624 annualized. This is a 3.5% increase from the prior dividend of $0.2325.
Sarepta Therapeutics (NASDAQ: SRPT) 3% HIGHER; adds to gains after jumping 74% intra-day on FDA approval.
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