After-Hours Movers 07/07: (LOCM) (AMLN) Higher; (XXIA) (LEDS) (MWE) (WDFC) Lower

July 7, 2011 5:54 PM EDT
Ixia (Nasdaq: XXIA) 17.7% LOWER; posts preliminary Q2 sales of $67-$69 million, compares to prior guidance of $78-$82 million, and versus the Street estimate of $80.54 million. Adj-EPS move from 14-17c to 7-8c, which compares to the Street estimate of 16c. The company said sales were impacted by several factors, including lower than expected sales from Asia Pacific and from certain large equipment makers, as well as orders received late in the quarter.

SemiLEDS Corporation (NASDAQ: LEDS) 13% LOWER; reported Q3 EPS of ($0.16), $0.10 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $5.6 million versus the consensus estimate of $6.25 million. Sees Q4 2011 EPS of ($0.23) - ($0.25), versus the consensus of ($0.02). Sees Q4 2011 revenue of $5.5-$6.5 million, versus the consensus of $9.02 million.

Local.com Corp. (Nasdaq: LOCM) 12.2% HIGHER; reports entering into a Google Services Agreement with Google, Inc. (Nasdaq: GOOG). The Agreement provides for the implementation by Local.com of certain advertising and search services on certain websites, subject to the Registrant's compliance with certain policy and compliance obligations as more fully described in the Agreement. The effective date of the Agreement is August 1, 2011 and it ends on July 31, 2013.

Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) 9.6% HIGHER; Amylin, Eli Lilly and Company (NYSE: LLY) and Alkermes, Inc. announced results from a thorough QT (tQT) study that assessed the potential of exenatide to increase the QT interval across a wide range of plasma concentrations. Click here to see the full report.

MarkWest Energy Partners, L.P. (NYSE: MWE) 3.6% LOWER; has commenced a public offering of 3,200,000 common units. The Partnership intends to grant the underwriters a 30-day option to purchase a maximum of 480,000 additional common units to cover over-allotments, if any.

Alkermes (Nasdaq: ALKS) 3.2% HIGHER; see Amylin.

Wd-40 Co (NASDAQ: WDFC) 2.4% LOWER; reported Q3 EPS of $0.47, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $85.5 million versus the consensus estimate of $87.55 million. Affirms Outlook.

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