After-Hours Movers 06/14: (REE) (CLC) (KWK) Higher; (MCZ) (CPST) (SMG) Lower

Rare Element Resources Ltd. (Amex: REE) 9% HIGHER; announce the results of an upgraded and increased NI 43-101 compliant mineral resource estimate of rare-earth elements plus yttrium contained in three deposits located in the Bull Hill area of the Bear Lodge project, Wyoming. The updated resource estimate upgrades 4.9 million tons (4.44 mm metric tonnes) to the indicated category and increases the total pounds of REO contained in the Bull Hill high-grade deposits by 20% from 1,210 million pounds (550 million kg) to 1,450 million pounds (660 million kg) at a 1.5% REO cutoff grade (Tables 1 and 2). The mineral resources were estimated by Ore Reserves Engineering (ORE), an independent consultant.

Mad Catz Interactive, Inc. (NYSE: MCZ) 7.9% LOWER; reported Q4 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $33.7 million versus the consensus estimate of $26.3 million.

Capstone Turbine Corp (NASDAQ: CPST) 6.5% LOWER; reported Q4 EPS of ($0.16), $0.13 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $81.9 million versus the consensus estimate of $25.97 million.

Clarcor, Inc. (NYSE: CLC) 2.8% HIGHER; reported Q2 EPS of $0.64, $0.08 better than the analyst estimate of $0.56. Revenue for the quarter came in at $288.5 million versus the consensus estimate of $282.84 million. Clarcor, Inc. sees FY2011 EPS of $2.25-$2.40, versus prior guidance of $2.20-$2.35 and the consensus of $2.31.

Quicksilver Resources Inc. (NYSE: KWK) 2.8% HIGHER; announced today a registered underwritten public offering of 7,000,000 units of BreitBurn Energy Partners L.P. (NASDAQ: BBEP). The underwriters will have a 30-day option to purchase up to 1,050,000 additional units to cover over allotments. Net proceeds from the offering are expected to be used to pay down a portion of the outstanding borrowings under Quicksilver's senior secured credit facility and for general corporate purposes. Quicksilver currently owns approximately 15,600,000 units of BBEP.

Scotts Miracle-Gro (NYSE: SMG) INDICATED LOWER; cuts FY11 adj-EPS outlook: $3.10-$3.20, vs. the consensus of $3.65. The company had previously expected FY11 EPS of $3.60-$3.70.

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