StreetInsider.com After-Hours Movers 6/13: (RH) (SWHC) (OCN) Higher; (CPST) (GNRC) (LLY) Lower (more...)
Tweet
Share
E-mail
Get Alerts RH Hot Sheet
Up)Join SI Premium – FREE
Restoration Hardware Holdings (NYSE: RH) 9.9% HIGHER; reported Q1 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $301 million versus the consensus estimate of $299.13 million. Q1 Comparable Store Sales Increased 41%. Restoration Hardware Holdings sees Q2 2013 EPS of $0.40-0.42, versus the consensus of $0.38. Restoration Hardware Holdings sees Q2 2013 revenue of $375-380 million, versus the consensus of $351 million. Restoration Hardware Holdings sees FY2013 EPS of $1.41-1.47, versus prior guidance of $1.29-1.37 and the consensus of $1.40. Restoration Hardware Holdings sees FY2013 revenue of $1.47-1.51 billion, versus prior guidance of $1.42-1.45 billion and the consensus of $1.48 billion. Avanir Pharmaceuticals (NASDAQ: AVNR) 2.9% HIGHER; Mizuho Securities initiates coverage with a Buy. PT $10.00.
Smith & Wesson Holding Corporation (Nasdaq: SWHC) 4.8% HIGHER; announced preliminary net sales and earnings per share results for its fiscal 2013 fourth quarter and full year periods ended April 30, 2013. Preliminary net sales for the fiscal fourth quarter were $179 million, an approximate increase of 38% over the comparable quarter last year. Preliminary GAAP net income from continuing operations is expected to be approximately $0.44 per diluted share compared with net income of $0.27 per diluted share from continuing operations for the comparable quarter last year. The company ended the fiscal year with a cash balance of $100.5 million. *** The Street sees Q4 sales of $170.7 million and EPS of $0.40. Preliminary net sales for fiscal 2013 year were $588 million, an approximate increase of 43% over fiscal 2012. Preliminary GAAP net income from continuing operations is expected to be approximately $1.22 per diluted share compared with net income of $0.40 per diluted share from continuing operations for the prior year. *** The Street was looking for revs of $579.6 million and EPS of $1.19. Also, $100 million stock buyback plan.
Capstone Turbine Corp (NASDAQ: CPST) 4.6% LOWER; reported Q4 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $35.4 million versus the consensus estimate of $36.3 million.
Generac Holdings Inc. (NYSE: GNRC) 2.6% LOWER; announced an underwritten secondary offering of 6,500,000 shares of its common stock by funds affiliated with CCMP Capital pursuant to the Company’s shelf registration statement previously filed with the Securities and Exchange Commission. The Selling Stockholders will receive all of the proceeds from this offering. The underwriter of the offering will have an option to purchase up to 975,000 additional shares.
Ocwen Financial Corp. (NYSE: OCN) 2.5% HIGHER; Ocwen Loan Servicing, LLC (“OLS”), a Delaware limited liability company and an indirect, wholly owned subsidiary of Ocwen Financial Corporation (“Ocwen”), entered into a mortgage servicing rights purchase and sale agreement (the “Purchase Agreement”) with OneWest Bank, FSB, a federal savings bank (the “Seller”), pursuant to which OLS agreed to purchase approximately $78 billion in unpaid principal balance of mortgage servicing rights (“MSRs”) and related servicing advance receivables, in each case, measured as of April 30, 2013. No operations or other assets are being purchased in the transaction. The aggregate purchase price will be approximately $2.53 billion, with $446 million of the aggregate purchase price paid in respect of the MSRs and approximately $2.1 billion to be paid in respect of the servicing advances, in each case, subject to adjustment for changes in the unpaid principal balance of the related assets as of the date of closing and other customary post-closing adjustments. Contemporaneously with the execution of the Purchase Agreement, Ocwen executed a guarantee (the “Parent Guarantee”), pursuant to which Ocwen agreed to guarantee the obligations and performance of OLS under the Purchase Agreement. The transactions described in this paragraph are referred to herein as the “Transaction.”
Elan Corporation, plc (NYSE: ELN) 2.6% LOWER; continues intra-day sell-off after Royalty said it may withdraw bid
Casey's General Stores (NASDAQ: CASY) 1% LOWER; reported Q4 EPS of $0.60, $0.02 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.83 billion.
Eli Lilly and Company (NYSE: LLY) 0.7% LOWER; announced it has stopped its Phase II study (BACC) for LY2886721, a beta secretase (BACE) inhibitor being investigated as a once daily treatment for its potential to slow the progression of Alzheimer's disease. The decision to terminate the study was due to abnormal liver biochemical tests. Clinical study investigators have been notified.
Smith & Wesson Holding Corporation (Nasdaq: SWHC) 4.8% HIGHER; announced preliminary net sales and earnings per share results for its fiscal 2013 fourth quarter and full year periods ended April 30, 2013. Preliminary net sales for the fiscal fourth quarter were $179 million, an approximate increase of 38% over the comparable quarter last year. Preliminary GAAP net income from continuing operations is expected to be approximately $0.44 per diluted share compared with net income of $0.27 per diluted share from continuing operations for the comparable quarter last year. The company ended the fiscal year with a cash balance of $100.5 million. *** The Street sees Q4 sales of $170.7 million and EPS of $0.40. Preliminary net sales for fiscal 2013 year were $588 million, an approximate increase of 43% over fiscal 2012. Preliminary GAAP net income from continuing operations is expected to be approximately $1.22 per diluted share compared with net income of $0.40 per diluted share from continuing operations for the prior year. *** The Street was looking for revs of $579.6 million and EPS of $1.19. Also, $100 million stock buyback plan.
Capstone Turbine Corp (NASDAQ: CPST) 4.6% LOWER; reported Q4 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $35.4 million versus the consensus estimate of $36.3 million.
Generac Holdings Inc. (NYSE: GNRC) 2.6% LOWER; announced an underwritten secondary offering of 6,500,000 shares of its common stock by funds affiliated with CCMP Capital pursuant to the Company’s shelf registration statement previously filed with the Securities and Exchange Commission. The Selling Stockholders will receive all of the proceeds from this offering. The underwriter of the offering will have an option to purchase up to 975,000 additional shares.
Ocwen Financial Corp. (NYSE: OCN) 2.5% HIGHER; Ocwen Loan Servicing, LLC (“OLS”), a Delaware limited liability company and an indirect, wholly owned subsidiary of Ocwen Financial Corporation (“Ocwen”), entered into a mortgage servicing rights purchase and sale agreement (the “Purchase Agreement”) with OneWest Bank, FSB, a federal savings bank (the “Seller”), pursuant to which OLS agreed to purchase approximately $78 billion in unpaid principal balance of mortgage servicing rights (“MSRs”) and related servicing advance receivables, in each case, measured as of April 30, 2013. No operations or other assets are being purchased in the transaction. The aggregate purchase price will be approximately $2.53 billion, with $446 million of the aggregate purchase price paid in respect of the MSRs and approximately $2.1 billion to be paid in respect of the servicing advances, in each case, subject to adjustment for changes in the unpaid principal balance of the related assets as of the date of closing and other customary post-closing adjustments. Contemporaneously with the execution of the Purchase Agreement, Ocwen executed a guarantee (the “Parent Guarantee”), pursuant to which Ocwen agreed to guarantee the obligations and performance of OLS under the Purchase Agreement. The transactions described in this paragraph are referred to herein as the “Transaction.”
Elan Corporation, plc (NYSE: ELN) 2.6% LOWER; continues intra-day sell-off after Royalty said it may withdraw bid
Casey's General Stores (NASDAQ: CASY) 1% LOWER; reported Q4 EPS of $0.60, $0.02 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.83 billion.
Eli Lilly and Company (NYSE: LLY) 0.7% LOWER; announced it has stopped its Phase II study (BACC) for LY2886721, a beta secretase (BACE) inhibitor being investigated as a once daily treatment for its potential to slow the progression of Alzheimer's disease. The decision to terminate the study was due to abnormal liver biochemical tests. Clinical study investigators have been notified.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Tenaris SA (TS) Tops Q1 EPS by 22c; offers outlook
Create E-mail Alert Related Categories
Special ReportsRelated Entities
CCMP Capital, After-Hours Movers, Stock Buyback, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
