After-Hours Movers 01/02: (LDNC) (HOTT) (BWLD) Higher; (MLNX) Lower

January 2, 2013 6:09 PM EST
Mellanox Technologies, Ltd. (NASDAQ: MLNX) 14% LOWER; warns for Q4. The company announced that its fourth quarter revenue is projected to be in the range of $119 million to $121 million, below the company's previous guidance of $145 million to $150 million, and the consensus of $148.26 million.

Landec Corp (NASDAQ: LNDC) 5% HIGHER; reported Q2 EPS of $0.34, $0.18 better than the analyst estimate of $0.16. Revenue for the quarter came in at $114.7 million versus the consensus estimate of $102.69 million. As reflected in our financial results, Landec had a very good first half of fiscal year 2013 with revenue growth of 40% and net income growth of 158% compared to the same period last year. Our original guidance for all of fiscal year 2013 was to grow revenues by approximately 30% and net income by 25% to 35% compared to fiscal year 2012.

Hot Topic, Inc. (Nasdaq: HOTT) 1% HIGHER; Holiday comps rose 2.2 percent with a 4 percent gain in sales to $177.3 million. The company reiterated its previously announced fourth quarter earnings guidance (14 weeks ending February 2, 2013) in the range of $0.23 to $0.27 per share, as compared to earnings per share of $0.21 last year.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) 1% HIGHER; Steven A. Cohen's hedge fund SAC Capital disclosed a 5%, or 930,600 share, stake in the company. This is up 23,761.54% from the 3,900 shares held at the end of the latest quarter ending September 30, 2012.

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