StreetInsider.com After-Hours Movers 07/17
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StreetInsider.com After-Hours Movers:
LJ International Inc. (Nasdaq: JADE) 11.6% LOWER; to Delay Filing Its 2006 Form 20-F
Stanley Furniture Company (Nasdaq: STLY) 7.3% LOWER; reports a Q2 loss of $0.23, in-line with estimates. Sees Q3 sale in the range of $70-74 million and EPS between $0.16-0.20. (Consensus is $78.92 million and EPS consensus is $0.35). Sees FY07 sales in the range of $280 million to $290 million and FY EPS between $0.65-0.75. (Consensus is $302.92 million and EPS consensus is $1.05)
Universal Forest Products, Inc. (NASDAQ: UFPI) 6% LOWER; reports Q2 EPS of $0.86, 7 cents worse than estimates. Revenues were $773.1 million vs. $791.38 million consensus. The Company's initial targets for 2007 were based, in part, on assumptions that haven't materialized. Therefore, the Company is revising its targets to annual net sales of $2.375 billion to $2.425 billion and annual net earnings of $40.0 million to $42.0 million in 2007. (Consensus is $2.61 billion)
NovaStar Financial, Inc. (NYSE: NFI) 2% HIGHER; Announces Investment of $48.8 Million by MassMutual and Jefferies Capital Partners As Part of Commitment to Raise $150 Million in New Equity
Health Care REIT, Inc. (NYSE: HCN) 2% LOWER; announced that it is offering $350 million aggregate principal amount of Convertible Senior Notes due 2027.
LJ International Inc. (Nasdaq: JADE) 11.6% LOWER; to Delay Filing Its 2006 Form 20-F
Stanley Furniture Company (Nasdaq: STLY) 7.3% LOWER; reports a Q2 loss of $0.23, in-line with estimates. Sees Q3 sale in the range of $70-74 million and EPS between $0.16-0.20. (Consensus is $78.92 million and EPS consensus is $0.35). Sees FY07 sales in the range of $280 million to $290 million and FY EPS between $0.65-0.75. (Consensus is $302.92 million and EPS consensus is $1.05)
Universal Forest Products, Inc. (NASDAQ: UFPI) 6% LOWER; reports Q2 EPS of $0.86, 7 cents worse than estimates. Revenues were $773.1 million vs. $791.38 million consensus. The Company's initial targets for 2007 were based, in part, on assumptions that haven't materialized. Therefore, the Company is revising its targets to annual net sales of $2.375 billion to $2.425 billion and annual net earnings of $40.0 million to $42.0 million in 2007. (Consensus is $2.61 billion)
NovaStar Financial, Inc. (NYSE: NFI) 2% HIGHER; Announces Investment of $48.8 Million by MassMutual and Jefferies Capital Partners As Part of Commitment to Raise $150 Million in New Equity
Health Care REIT, Inc. (NYSE: HCN) 2% LOWER; announced that it is offering $350 million aggregate principal amount of Convertible Senior Notes due 2027.
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