After-Hours Movers 09/21: (RHT) (MOS) (BBBY) Higher; (SCS) Lower

Red Hat, Inc. (NYSE: RHT) 6% HIGHER; reported Q2 EPS of $0.29, ex-items, $0.04 better than the analyst estimate of $0.25. Revenue for the quarter came in at $281 million versus the consensus estimate of $271.18 million. Sees Q3 adj-EPS of 25-26c, vs. the consensus of 25c, on sales of $288-$290 million, vs. cons. $273.91 million. Raises its FY12 guidance to $1.03-$1.05, up from 94-96c in March, vs. the consensus of $1. See sales of $1.12-$1.13 billion, which compares to the Street estimate of $1.09 billion. Prior guidance was for sales of $1.05-$1.07 billion.

Mosaic (NYSE: MOS) 3.7% HIGHER; Mosaic to replace National Semi (NYSE: NSM) in S&P 500

Steelcase Inc. (NYSE: SCS) 3% LOWER; reported Q2 EPS of $0.15, $0.02 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $700.5 million versus the consensus estimate of $686.7 million. Sees Q3 2011 EPS of $0.17-$0.21, versus the consensus of $0.22. Sees Q3 2011 revenue of $690-$715 million, versus the consensus of $704.50 million.

Bed Bath & Beyond, Inc. (NASDAQ: BBBY) 1% HIGHER; reported Q2 EPS of $0.93, $0.09 better than the analyst estimate of $0.84. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.31 billion. Sees Q3 2011 EPS of $0.82-$0.87, versus the consensus of $0.86. Raised its FY11 EPS growth guidance from 15-20 percent to 22-25 percent.

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