After-Hours Movers 01/07: (TISI) (AXAS) Higher; (CLMT) (YUM) (SLRC) Lower (more...)

January 7, 2013 5:22 PM EST
Calumet Specialty Products Partners, L.P. (Nasdaq: CLMT) 5% LOWER; announced an underwritten public offering of 5,000,000 common units. Calumet also intends to grant the underwriters the option to purchase up to 750,000 additional common units.

Team, Inc. (NYSE: TISI) 5% HIGHER; reported Q2 EPS of $0.66, $0.06 better than the analyst estimate of $0.60. Revenue for the quarter came in at $201 million versus the consensus estimate of $182.7 million. Team, Inc. sees FY2013 EPS of $1.90-2.05, versus prior guidance of $1.85-2.00 and the consensus of $1.96. Sees revs of $700 million to $730 million, versus the consensus of $710.14 million.

Yum! Brands (NYSE: YUM) 3% LOWER; Due to adverse publicity associated with a government review of China poultry supply - and the corresponding significant impact on KFC China sales during the last two weeks of December - Yum! Brands (NYSE: YUM) now expects China Division same-store sales to be -6% for the fourth quarter of 2012, versus our previous forecast of -4%. The Company expects full-year 2012 earnings per share, excluding Special Items, of approximately $3.24. We do not anticipate providing any further updates or commentary until our scheduled earnings release on February 4, 2013. The Street is looking for FY12 EPS of $3.26.

Abraxas Petroleum Corporation (NASDAQ: AXAS) 2% HIGHER; provided and update on Eagle Ford, Williston Basin operations

Solar Capital Ltd. (Nasdaq: SLRC) 2% LOWER; commenced a public offering of 6,000,000 shares of its common stock. In connection with the proposed offering, the Company intends to grant the underwriters for the offering a 30-day option to purchase up to an additional 900,000 shares of common stock.

ConAgra Foods, Inc. (NYSE: CAG) 2% LOWER; is offering to sell, subject to market and other conditions, approximately $240.0 million of its common stock through an underwritten public offering. ConAgra Foods also granted the underwriter a 30-day option to purchase up to an additional $35.0 million of its common stock.

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