StreetInsider.com After-Hours Movers: 09/05
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StreetInsider.com After-Hours Movers:
Stratex Networks Inc. (Nasdaq: STXN) 11% HIGHER; Harris Corporation (NYSE: HRS) and Stratex Networks signed a definitive agreement under which Harris' Microwave Communications Division and Stratex Networks will combine operations to form a new company named Harris Stratex Networks, Inc..
Hain Celestial Group Inc. (Nasdaq: HAIN) 10.4% HIGHER ;reports Q4 (adjusted) EPS of $0.24, 1 cent better than estimates. Revenues were $195 million vs. $186.96 million consensus. The Company announced fiscal year 2007 sales guidance of $880 million to $900 million, an increase of 19% to 22% over 2006 sales and earnings per share of $1.15 to $1.19 increasing 13% to 17% on existing business. Current consensus is $844.47 million and EPS of $1.17, respectively.
Donaldson Company, Inc. (NYSE: DCI) 9% HIGHER; reports Q4 EPS of $0.43, 3 cents better than estimates. Revenues were $468.2 million vs. $456.57 million consensus. "We are entering fiscal 2007 with solid sales and operating expectations," said Cook. "Our incoming orders remain strong, and our operations are running very well. We see enough good things in our businesses to be confident of delivering another record year in 2007, with EPS expected to be in the range of $1.72 to $1.82 per share." Current consensus is $1.68.
Finisar Corporation (NASDAQ: FNSR) 9% LOWER; reports Q1 (Non-GAAP) EPS of $0.03, in-line with estimates. (GAAP EPS for Q1 was Breakeven - $0.00) Revenues were $106.2 million vs. $107.47 million consensus.
ZymoGenetics, Inc. (Nasdaq: ZGEN) 7.6% HIGHER; announced that a Phase 3 clinical study of recombinant human Thrombin (rhThrombin) met its primary endpoint. Treatment with rhThrombin and bovine thrombin resulted in comparable incidence of hemostasis at 10 minutes in the four surgical settings tested.
Ford Motor Co. (NYSE: F) 4.6% HIGHER; elected Boeing's (NYSE: BA) Alan Mulally as president and chief executive officer. He has also been elected to the Board of Directors. Bill Ford will continue his duties as executive chairman of the company.
TiVo Inc. (Nasdaq: TIVO) 4% LOWER; announced a follow-on public offering comprised of 8,264,463 primary shares.
Intel Corp. (Nasdaq: INTC) 1.1% LOWER; The company's employee population will decline to approximately 95,000 by the end of this year, resulting from workforce reductions, attrition and previously announced actions. The workforce will decline to approximately 92,000 by the middle of 2007 -- 10,500 fewer than the company's employee population at the end of the second quarter of 2006.
PlanetOut Inc. (Nasdaq: LGBT) INDICATED LOWER; said it is lowering its revenue outlook for the third quarter of 2006. The company now anticipates that revenue for the third quarter will be $15 to $16 million, down approximately 14 percent from its previous range. The company also lowered its third quarter adjusted EBITDA expectations to $0.0 to $1.0 million.
Stratex Networks Inc. (Nasdaq: STXN) 11% HIGHER; Harris Corporation (NYSE: HRS) and Stratex Networks signed a definitive agreement under which Harris' Microwave Communications Division and Stratex Networks will combine operations to form a new company named Harris Stratex Networks, Inc..
Hain Celestial Group Inc. (Nasdaq: HAIN) 10.4% HIGHER ;reports Q4 (adjusted) EPS of $0.24, 1 cent better than estimates. Revenues were $195 million vs. $186.96 million consensus. The Company announced fiscal year 2007 sales guidance of $880 million to $900 million, an increase of 19% to 22% over 2006 sales and earnings per share of $1.15 to $1.19 increasing 13% to 17% on existing business. Current consensus is $844.47 million and EPS of $1.17, respectively.
Donaldson Company, Inc. (NYSE: DCI) 9% HIGHER; reports Q4 EPS of $0.43, 3 cents better than estimates. Revenues were $468.2 million vs. $456.57 million consensus. "We are entering fiscal 2007 with solid sales and operating expectations," said Cook. "Our incoming orders remain strong, and our operations are running very well. We see enough good things in our businesses to be confident of delivering another record year in 2007, with EPS expected to be in the range of $1.72 to $1.82 per share." Current consensus is $1.68.
Finisar Corporation (NASDAQ: FNSR) 9% LOWER; reports Q1 (Non-GAAP) EPS of $0.03, in-line with estimates. (GAAP EPS for Q1 was Breakeven - $0.00) Revenues were $106.2 million vs. $107.47 million consensus.
ZymoGenetics, Inc. (Nasdaq: ZGEN) 7.6% HIGHER; announced that a Phase 3 clinical study of recombinant human Thrombin (rhThrombin) met its primary endpoint. Treatment with rhThrombin and bovine thrombin resulted in comparable incidence of hemostasis at 10 minutes in the four surgical settings tested.
Ford Motor Co. (NYSE: F) 4.6% HIGHER; elected Boeing's (NYSE: BA) Alan Mulally as president and chief executive officer. He has also been elected to the Board of Directors. Bill Ford will continue his duties as executive chairman of the company.
TiVo Inc. (Nasdaq: TIVO) 4% LOWER; announced a follow-on public offering comprised of 8,264,463 primary shares.
Intel Corp. (Nasdaq: INTC) 1.1% LOWER; The company's employee population will decline to approximately 95,000 by the end of this year, resulting from workforce reductions, attrition and previously announced actions. The workforce will decline to approximately 92,000 by the middle of 2007 -- 10,500 fewer than the company's employee population at the end of the second quarter of 2006.
PlanetOut Inc. (Nasdaq: LGBT) INDICATED LOWER; said it is lowering its revenue outlook for the third quarter of 2006. The company now anticipates that revenue for the third quarter will be $15 to $16 million, down approximately 14 percent from its previous range. The company also lowered its third quarter adjusted EBITDA expectations to $0.0 to $1.0 million.
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