Streetinsider.com After-Hours Movers 3/27: (GNW) (VRNT) Higher; (FIVE) (ARRY) (RHT) Lower (more...)

March 27, 2013 6:09 PM EDT Send to a Friend
Five Below (NASDAQ: FIVE) 7% LOWER; reported Q4 EPS of $0.39, $0.01 better than the analyst estimate of $0.38. Revenue for the quarter came in at $173.6 million versus the consensus estimate of $170.22 million. Five Below sees Q1 2013 EPS of $0.02-0.03, versus the consensus of $0.05. Five Below sees Q1 2013 revenue of $92-94 million, versus the consensus of $94.21 million. Five Below sees FY2013 EPS of $0.62-0.65, versus the consensus of $0.70. Five Below sees FY2013 revenue of $516-521 million, versus the consensus of $533.04 million.

Shares of Array Biopharma, Inc. (NASDAQ: ARRY) 6% LOWER; entered into a Sales Agreement for an at-the-market offering of shares of our common stock with Cantor Fitzgerald & Co., as sales agent thereunder. Subject to the terms and conditions of the Sales Agreement, Array may from time to time issue and sell through Cantor, as our sales agent, shares of Array’s authorized but previously unissued common stock having an aggregate market value of up to $75,000,000.

Zogenix Inc. (NASDAQ: ZGNX) 5% LOWER; entered into a Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., as sales agent, under which the Company may, from time to time, sell shares of its common stock, par value $0.001 per share, having an aggregate offering price of up to $25.0 million through Cantor.

Steelcase Inc. (NYSE: SCS) 4% LOWER; reported Q4 loss of $0.22, or EPS of $0.09 ex-items, versus the analyst estimate of $0.19. Revenue for the quarter came in at $721.4 million versus the consensus estimate of $709.47 million. Steelcase Inc. sees Q1 2014 EPS of $0.09-0.13, which may not compare to the consensus of $0.18. Steelcase Inc. sees Q1 2014 revenue of $680-705 million, versus the consensus of $711.45 million.

Red Hat, Inc. (NYSE: RHT) 4% LOWER; reported Q4 EPS of $0.36, $0.06 better than the analyst estimate of $0.30. Revenue for the quarter came in at $348 million versus the consensus estimate of $349.64 million. Sees Q1 EPS of $0.30 to $0.31 versus the consensus of $0.32. The company sees Q1 revenues of $358-$361 million, versus the consensus of $366.64 million.

RAIT Financial Trust (NYSE: RAS) 4% LOWER; commenced an underwritten public offering of 7,000,000 common shares. The Company expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional common shares.

Genworth Financial, Inc. (NYSE: GNW) 2% HIGHER; reached an agreement to sell its Wealth Management business, including Genworth Financial Wealth Management and alternative solutions provider, the Altegris companies, to a partnership of Aquiline Capital Partners and Genstar Capital. The sale price is expected to be approximately $412.5 million and the company will record an after-tax loss of approximately $40 million related to the sale.

Verint Systems, Inc. (NASDAQ: VRNT) 1% HIGHER; reported Q4 EPS of $0.91, $0.16 better than the analyst estimate of $0.75. Revenue for the quarter came in at $230.1 million versus the consensus estimate of $226.28 million. Verint Systems, Inc. sees FY2013 EPS of $2.70-2.80, versus the consensus of $2.78.

Paychex, Inc. (NASDAQ: PAYX) 1% LOWER; reported Q3 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $593.3 million versus the consensus estimate of $592.62 million.


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