StreetInsider.com After Hours Movers 06/18
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StreetInsider.com After Hours Movers:
EPIX Pharmaceuticals, Inc. (NASDAQ: EPIX) 14.7% HIGHER; received a response from the FDA regarding the company\'s appeal for immediate approval of Vasovist. In this response, the FDA, while denying the immediate approval of Vasovist, indicated that further clinical trials may not be necessary to gain approval. The FDA had previously indicated that one or two additional pivotal clinical trials would be required for approval. Instead, the FDA now stated that a blinded re-read of the images obtained from the previously completed Phase 3 clinical trials of Vasovist could support approval of Vasovist if the results are positive.
Ashworth (Nasdaq: ASHW) 13.3% LOWER; reports a Q2 loss of $0.03 per share, ex-items, versus the consensus of a $0.17 profit. Revenues came in at $59.9 million versus the consensus of $62.2 million.
Microchip Technology (NASDAQ: MCHP) 6.4% LOWER; Q1 Earnings per share are expected to be approximately $0.36 on a GAAP basis and $0.39 on a non-GAAP basis, without the effect of equity compensation expense. (Consensus is $0.37). Net sales are expected to be up about 2% sequentially versus prior guidance provided on April 26, 2007, of up about 5% sequentially. GAAP and non-GAAP gross margins are expected to be in line with our prior guidance of about 60.1% and 60.75%, respectively.
Leggett & Platt (NYSE: LEG) 4.75% LOWER; sees Q2 EPS between $0.31-0.36 vs. prior guidance for $0.42-0.47 vs. consensus of $0.39. LEG sees FY EPS between $1.35-1.55 vs. prior guidance of $1.60-1.80 vs. consensus of $$1.58.
Yahoo! Inc. (Nasdaq: YHOO) 4% HIGHER; announced after the close that Terry Semel, current Yahoo! Chairman and CEO, will assume the position of non-executive Chairman. Jerry Yang, Yahoo! co-founder and long-time board member, was named to the CEO position.
Asset Acceptance Capital (Nasdaq: AACC) 3% HIGHER; announced that its Board of Directors has declared a special one-time cash dividend of $2.45 per share payable July 31, 2007 to shareholders of record July 19, 2007.
EPIX Pharmaceuticals, Inc. (NASDAQ: EPIX) 14.7% HIGHER; received a response from the FDA regarding the company\'s appeal for immediate approval of Vasovist. In this response, the FDA, while denying the immediate approval of Vasovist, indicated that further clinical trials may not be necessary to gain approval. The FDA had previously indicated that one or two additional pivotal clinical trials would be required for approval. Instead, the FDA now stated that a blinded re-read of the images obtained from the previously completed Phase 3 clinical trials of Vasovist could support approval of Vasovist if the results are positive.
Ashworth (Nasdaq: ASHW) 13.3% LOWER; reports a Q2 loss of $0.03 per share, ex-items, versus the consensus of a $0.17 profit. Revenues came in at $59.9 million versus the consensus of $62.2 million.
Microchip Technology (NASDAQ: MCHP) 6.4% LOWER; Q1 Earnings per share are expected to be approximately $0.36 on a GAAP basis and $0.39 on a non-GAAP basis, without the effect of equity compensation expense. (Consensus is $0.37). Net sales are expected to be up about 2% sequentially versus prior guidance provided on April 26, 2007, of up about 5% sequentially. GAAP and non-GAAP gross margins are expected to be in line with our prior guidance of about 60.1% and 60.75%, respectively.
Leggett & Platt (NYSE: LEG) 4.75% LOWER; sees Q2 EPS between $0.31-0.36 vs. prior guidance for $0.42-0.47 vs. consensus of $0.39. LEG sees FY EPS between $1.35-1.55 vs. prior guidance of $1.60-1.80 vs. consensus of $$1.58.
Yahoo! Inc. (Nasdaq: YHOO) 4% HIGHER; announced after the close that Terry Semel, current Yahoo! Chairman and CEO, will assume the position of non-executive Chairman. Jerry Yang, Yahoo! co-founder and long-time board member, was named to the CEO position.
Asset Acceptance Capital (Nasdaq: AACC) 3% HIGHER; announced that its Board of Directors has declared a special one-time cash dividend of $2.45 per share payable July 31, 2007 to shareholders of record July 19, 2007.
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