StreetInsider.com After-Hours Movers 6/19: (FNSR) (BEAT) (JDSU) Higher; (FIVE) (MU) (JBL) Lower (more...)
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Finisar Corp (NASDAQ: FNSR) 10.1% HIGHER; reported Q4 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $243.42 million versus the consensus estimate of $242.95 million. Finisar Corp sees Q1 2014 EPS of $0.22-0.26, versus the consensus of $0.20. Finisar Corp sees Q1 2014 revenue of $245-260 million, versus the consensus of $248.9 million
Five Below, Inc. (Nasdaq: FIVE) 6% LOWERannounced the launch of a secondary offering of 8,563,172 shares of its common stock. All of the shares are being offered by selling shareholders, including certain members of Five Below's management team and Board of Directors (and their affiliates). The underwriters are expected to have a 30-day option to purchase an additional 1,284,475 shares of common stock. Five Below will not receive any proceeds from the sale of shares in this offering
CardioNet, Inc. (Nasdaq: BEAT) 5% HIGHER; announced today the launch of the MCOTos 2:1 device, providing both MCOTTM and wEvent monitoring capability in a single device. This added feature provides increased flexibility and convenience to both physicians and patients.
JDS Uniphase Corporation (NASDAQ: JDSU) 4% HIGHER; up on Finisar results
SandRidge Energy, Inc. (NYSE: SD) 3.7% HIGHER; announced that the Board of Directors has named James Bennett CEO and president and that lead independent director Jeffrey Serota will serve as interim non-executive chairman, effective June 19, 2013. SandRidge also announced that Tom Ward, the former Chairman and CEO of SandRidge, is leaving the company.
Stratasys Ltd. (NASDAQ: SSYS) 3% HIGHER; signed a definitive merger agreement whereby privately held MakerBot has agreed to merge with a subsidiary of Stratasys in a stock-for-stock transaction.
Micron Technology, Inc. (NASDAQ: MU) 2.1% LOWER; reported Q3 EPS of $0.04, $0.02 better than the analyst estimate of $0.02. Revenue for the quarter came in at $2.32 billion versus the consensus estimate of $2.24 billion.
Home Loan Servicing Solutions, Ltd. (Nasdaq: HLSS) 2.1% LOWER; announced today that it is commencing an underwritten public offering of 12,500,000 of its ordinary shares. Wells Fargo Securities, LLC, Barclays Capital Inc., BofA Merrill Lynch and J.P. Morgan Securities LLC are acting as the joint book-running managers for the offering. HLSS expects to grant the underwriters a 30-day option to purchase up to an additional aggregate of 1,875,000 ordinary shares. HLSS intends to use the net proceeds of the offering to acquire mortgage servicing assets from Ocwen Loan Servicing, LLC and to pay fees, costs and expenses in connection with the acquisition of these assets.
Jabil Circuit, Inc. (NYSE: JBL) 1.9% LOWER; reported Q3 EPS of $0.56, $0.02 better than the analyst estimate of $0.54. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.4 billion. Sees Q4 2013 EPS of $0.50 - $0.58, versus the consensus of $0.60. Also sees Q4 2013 revenue of $4.55 - $4.65 billion, versus the consensus of $4.59 billion.
Red Hat, Inc. (NYSE: RHT) 1.9% HIGHER; reported Q1 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $363 million versus the consensus estimate of $359.84 million
Pfizer Inc. (NYSE: PFE) 0.7% HIGHER; announced the final exchange ratio in connection with its previously announced offer to its shareholders to exchange some or all of their shares of Pfizer common stock for shares of Zoetis Inc. (NYSE: ZTS) common stock held by Pfizer. For each share of Pfizer common stock that is validly tendered and not validly withdrawn by shareholders and that is accepted by Pfizer pursuant to the exchange offer, Pfizer will deliver 0.9898 shares of Zoetis common stock to or at the direction of such tendering holder.
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