After-Hours Movers 12/08: (FLOW) (COO) (PLL) Higher; (TXN) (ALTR) (SGY) (ESL) Lower
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Flow International Corp (NASDAQ: FLOW) 29% HIGHER; reported Q2 EPS of $0.06, $0.05 better than the analyst estimate of $0.01. Revenue for the quarter came in at $64.5 million versus the consensus estimate of $60.42 million.
TI (NYSE: TXN) 6% LOWER; cuts Q4 EPS from 28-36 cents to 21-25 cents, which compares to the Street estimate of 32c. Sales move from $3.26-$3.54B to $3.19-$3.33B, vs. cons. $3.41B.
Cooper Cos. (NYSE: COO) 5.3% HIGHER; reported Q4 EPS of $1.46, $0.24 better than the analyst estimate of $1.22. Revenue for the quarter came in at $360.9 million versus the consensus estimate of $356.93 million. Sees FY2012 EPS of $4.80-$5.00, versus the consensus of $4.66. Sees FY2012 revenue of $1.39-$1.44 billion, versus the consensus of $1.42 billion.
Altera (Nasdaq: ALTR) 5% LOWER; sees Q4 sales down 13-16 percent compared to Q3. The company had previously seen sales down about 7-11%. Cites deteriorate outlook across all major verticals.
Stone Energy Corporation (NYSE: SGY) 4% LOWER; announced that the partnership drilling the Lighthouse Bayou prospect in southwestern Louisiana has decided to temporarily suspend drilling operations. The well has reached a total depth of 25,500 feet and, in doing so, has reached the technical limits of the current drilling equipment. Current plans include running protective liner to the current depth, temporarily plugging and abandoning the well, procuring drilling equipment with higher pressure ratings, and returning to drill deeper in 2012 to test the objective Wilcox section.
Pall Corp. (NYSE: PLL) 3.7% HIGHER; reported Q1 EPS of $0.59, $0.06 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $705.6 million versus the consensus estimate of $647.99 million.
AGL Resources Inc. (NYSE: AGL) 3.2% HIGHER; will replace Nicor Inc. (NYSE: GAS) in the S&P 500 index
Esterline Technologies Corp. (NYSE: ESL) 2.8% LOWER; reported Q4 EPS of $1.21, $0.04 better than the analyst estimate of $1.17. Revenue for the quarter came in at $502.4 million versus the consensus estimate of $524.43 million. Sees Q1 2012 adj-EPS of $0.67-$0.77, versus the consensus of $1.09. Sees Q1 2012 revenue of $480 million, versus the consensus of $479.2 million. Sees FY2012 EPS of $5.00-$5.30, versus the consensus of $5.72. Sees FY2012 revenue of $2-$2.1 billion, versus the consensus of $2.12 billion.
Seachange International, Inc. (NASDAQ: SEAC) 1.5% HIGHER; reported Q3 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $53.5 million versus the consensus estimate of $52.37 million.
Smith & Wesson Holding Corp. (NASDAQ: SWHC) 1.5% LOWER; reported Q2 EPS of $0.05, $0.09 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $92.3 million, versus $96.77 million reported last year. Sees FY2012 operating revenue of $385-$395 million, versus prior guidance of $415-$430 million and the consensus of $420.76 million. Sees Q3 2012 revenue of $92-$96 million, versus the consensus of $101.24 million.
AK Steel (NYSE: AKS) 1.3% LOWER; BorgWarner (NYSE: BWA) will replace AK Steel in the S&P 500.
Stein Mart, Inc. (Nasdaq: SMRT) INDICATED LOWER; as the result of information technology systems issues discussed below, markdowns in the third quarter were understated in the earnings reported on November 17, 2011. The unrecorded markdowns are estimated to have a pre-tax impact of $2.1 to $2.6 million which will reduce gross margin and inventory from what was reported previously. The after tax impact of the estimated additional markdowns will increase the net loss previously released by $1.3 to $1.6 million or $0.03 to $0.04 per diluted share. The company originally announced a loss of $0.04 per share for the quarter, versus the consensus of a loss of $0.03 per share.
TI (NYSE: TXN) 6% LOWER; cuts Q4 EPS from 28-36 cents to 21-25 cents, which compares to the Street estimate of 32c. Sales move from $3.26-$3.54B to $3.19-$3.33B, vs. cons. $3.41B.
Cooper Cos. (NYSE: COO) 5.3% HIGHER; reported Q4 EPS of $1.46, $0.24 better than the analyst estimate of $1.22. Revenue for the quarter came in at $360.9 million versus the consensus estimate of $356.93 million. Sees FY2012 EPS of $4.80-$5.00, versus the consensus of $4.66. Sees FY2012 revenue of $1.39-$1.44 billion, versus the consensus of $1.42 billion.
Altera (Nasdaq: ALTR) 5% LOWER; sees Q4 sales down 13-16 percent compared to Q3. The company had previously seen sales down about 7-11%. Cites deteriorate outlook across all major verticals.
Stone Energy Corporation (NYSE: SGY) 4% LOWER; announced that the partnership drilling the Lighthouse Bayou prospect in southwestern Louisiana has decided to temporarily suspend drilling operations. The well has reached a total depth of 25,500 feet and, in doing so, has reached the technical limits of the current drilling equipment. Current plans include running protective liner to the current depth, temporarily plugging and abandoning the well, procuring drilling equipment with higher pressure ratings, and returning to drill deeper in 2012 to test the objective Wilcox section.
Pall Corp. (NYSE: PLL) 3.7% HIGHER; reported Q1 EPS of $0.59, $0.06 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $705.6 million versus the consensus estimate of $647.99 million.
AGL Resources Inc. (NYSE: AGL) 3.2% HIGHER; will replace Nicor Inc. (NYSE: GAS) in the S&P 500 index
Esterline Technologies Corp. (NYSE: ESL) 2.8% LOWER; reported Q4 EPS of $1.21, $0.04 better than the analyst estimate of $1.17. Revenue for the quarter came in at $502.4 million versus the consensus estimate of $524.43 million. Sees Q1 2012 adj-EPS of $0.67-$0.77, versus the consensus of $1.09. Sees Q1 2012 revenue of $480 million, versus the consensus of $479.2 million. Sees FY2012 EPS of $5.00-$5.30, versus the consensus of $5.72. Sees FY2012 revenue of $2-$2.1 billion, versus the consensus of $2.12 billion.
Seachange International, Inc. (NASDAQ: SEAC) 1.5% HIGHER; reported Q3 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $53.5 million versus the consensus estimate of $52.37 million.
Smith & Wesson Holding Corp. (NASDAQ: SWHC) 1.5% LOWER; reported Q2 EPS of $0.05, $0.09 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $92.3 million, versus $96.77 million reported last year. Sees FY2012 operating revenue of $385-$395 million, versus prior guidance of $415-$430 million and the consensus of $420.76 million. Sees Q3 2012 revenue of $92-$96 million, versus the consensus of $101.24 million.
AK Steel (NYSE: AKS) 1.3% LOWER; BorgWarner (NYSE: BWA) will replace AK Steel in the S&P 500.
Stein Mart, Inc. (Nasdaq: SMRT) INDICATED LOWER; as the result of information technology systems issues discussed below, markdowns in the third quarter were understated in the earnings reported on November 17, 2011. The unrecorded markdowns are estimated to have a pre-tax impact of $2.1 to $2.6 million which will reduce gross margin and inventory from what was reported previously. The after tax impact of the estimated additional markdowns will increase the net loss previously released by $1.3 to $1.6 million or $0.03 to $0.04 per diluted share. The company originally announced a loss of $0.04 per share for the quarter, versus the consensus of a loss of $0.03 per share.
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