StreetInsider.com After-Hours Movers 05/03

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By Douglas A. McIntyre Published
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21st Century Holding Company (Nasdaq: TCHC) 50% LOWER; reported Q1 EPS of $0.11, but said, “However, after considering significant factors that are expected to impact our earnings for calendar year 2007, annual Company guidance is hereby amended from $4.50 per share to $2.00 to $2.50 per share.”

Crocs (Nasdaq: CROX) 16.4% HIGHER; reports Q1 EPS of $0.61, 12 cents better than estimates.(0.49) Revenues were $142 million vs. $113.91 million consensus. Sees Q2 EPS between $0.80-0.85 vs. consensus of $0.63. Sees FY EPS between $2.90-2.95 vs. consensus of $2.42. Company declares 2-for-1 stock split.

Bigband Networks (Nasdaq: BBND) 16% LOWER; reports Q1 non-GAAP EPS of $0.09 (GAAP EPS was $0.05 loss) vs. consenus of $0.03. Revenues were $52.8 million, up 62% over the same quarter in the prior year Sees Q2 revenues between $52-56 million and GAAP EPS between $0.02-0.06 (non-GAAP EPS between $0.06-0.10) (EPS Consensus is $.07) Sees FY revenues between $$225-$230 million and GAAP EPS between $0.06-0.11 (non-GAAP EPS between $0.30-0.35). (EPS Consensus is $0.30)

Jones Soda (Nasdaq: JSDA) 15% LOWER; reports Q1 EPS of $0.00, 3 cents worse than estimates.(0.03) Revenues were $9.2 million vs. $13.17 million consensus.

On2 Technologies, Inc. (Amex: ONT) 15% HIGHER; Q1 Revenue increased 131% to $2,815,000. Net loss was $721,000 as compared with $1,179,000 for the three months ending March 31, 2007 and 2006, respectively.

Glenayre Technologies, Inc. (Nasdaq: GEMS) 15% HIGHER; Dan Loeb’s Third Point LLC disclosed a 6.3% stake (4.4 million shares) in the company. The firm believes the stock is materially undervalued and said the best outcome for shareholders would be for management and the Company’s board of directors to immediately abandon their strategy to build the Company through acquisitions and a “digital business plan” and to promptly commence an auction to sell the Company.

Cray (Nasdaq: CRAY) 12% LOWER; reports a Q1 loss of $0.03, 1 cent worse than estimates.(-.02) Revenues were $47.1 million vs. $48.25 million consensus. Sees FY revenues of about $230 million vs. consensus of $248.3 million.

NovaStar Financial (NYSE: NFI) 9% HIGHER; entered into a commitment letter setting forth the terms of a commitment for a $1.9 billion comprehensive financing facility arranged by Wachovia Capital Markets, LLC and certain of its affiliates.

Union Drilling (Nasdaq: UDRL) 7% LOWER; reports Q1 EPS of $0.39, 9 cents worse than estimates.(0.48) Revenues were $70.5 million vs. $74.25 million consensus.

Centillium (Nasdaq: CTLM) 6.8% HIGHER; reports a Q1 loss of $0.13, 1 cent better than estimates.(-.14) Revenues were $10.6 million vs. $10.73 million consensus.

First Solar (Nasdaq: FSLR) 6.5% HIGHER; reports Q EPS of $0.07, 7 cents better than estimates.(0.00) Revenues were $66.9 million vs. $52.81 million consensus.

SigmaTel (Nasdaq: SGTL) 6% HIGHER; reports a Q1 loss of $0.41, 7 cents better than estimates.(-.48) Revenues were $22 million vs. $19.60 million consensus. Sees Q2 revs between $24-28 million vs. $22.9 million consensus. Sees Q2 loss between $0.30-0.36 vs. consensus for $0.39 loss.

Shutterfly (Nasdaq: SFLY) 6% HIGHER; reports a Q1 loss of $0.04, 5 cents better than estimates.(-.09) Revenues were $26.7 million vs. $23.62 million consensus. Sees Q2 revs between $26-27 million vs. $24.4 million consensus. Sees FY revs between $163-168 million vs. $163.5 million consensus.

Universal Electronics (Nasdaq: UEIC) 5.3% HIGHER; reports Q1 EPS of $0.31, 4 cents better than estimates.(0.27) Revenues were $66 million vs. $63.38 million consensus. Sees Q2 EPS between $0.28-0.32 vs. $0.24 consensus. Sees FY EPS between $1.25-1.35 vs. $1.20 consensus.

QLogic (Nasdaq: QLGC) 5% LOWER; reports Q4 EPS of $0.22, 1 cent worse than estimates.(0.23) Revenues were $147.1 million vs. $150.85 million consensus.

Bebe Stores, Inc. (Nasdaq: BEBE) 4% LOWER; Reports Q3 results. Sees Q4 EPS of $0.17-$0.21, versus the consensus of $0.25.

Sears Holdings (Nasdaq: SHLD) 3.6% LOWER; sees Q1 EPS of $1.30 and $1.53, which includes a gain of $0.27, versus the consensus of $1.46. Kmart comparable store sales decreased by 4.7%, primarily due to lower transaction volumes across most businesses. Sears domestic comparable store sales declined by 2.4%, primarily reflecting a reduction in home appliances sales, which the Company believes reflects a slower U.S. housing market and increased competition, partially offset by an improvement in children’s apparel sales.

Pacer Int’l (Nasdaq: PACR) 3.4% HIGHER; reports Q1 EPS of $0.21, 9 cents better than estimates.(0.30) Revenues were $465.1 million vs. $470.3 million consensus.

Digital River Inc. (NASDAQ: DRIV) 2% HIGHER; will replace OSI Restaurant Partners, Inc. (NYSE: OSI) in the S&P MidCap 400 after the close of trading on a date to be announced. OSI Restaurant Partners is being acquired by an investor group comprised of Bain Capital Partners LLC, Catterton Partners, and OSI Restaurant founders in a deal that is still pending final approvals.

21st Century Holding Company (Nasdaq: TCHC) 50% LOWER; reported Q1 EPS of $0.11, but said, "However, after considering significant factors that are expected to impact our earnings for calendar year 2007, annual Company guidance is hereby amended from $4.50 per share to $2.00 to $2.50 per share."

Crocs (Nasdaq: CROX) 16.4% HIGHER; reports Q1 EPS of $0.61, 12 cents better than estimates.(0.49) Revenues were $142 million vs. $113.91 million consensus. Sees Q2 EPS between $0.80-0.85 vs. consensus of $0.63. Sees FY EPS between $2.90-2.95 vs. consensus of $2.42. Company declares 2-for-1 stock split.

Bigband Networks (Nasdaq: BBND) 16% LOWER; reports Q1 non-GAAP EPS of $0.09 (GAAP EPS was $0.05 loss) vs. consenus of $0.03. Revenues were $52.8 million, up 62% over the same quarter in the prior year Sees Q2 revenues between $52-56 million and GAAP EPS between $0.02-0.06 (non-GAAP EPS between $0.06-0.10) (EPS Consensus is $.07) Sees FY revenues between $$225-$230 million and GAAP EPS between $0.06-0.11 (non-GAAP EPS between $0.30-0.35). (EPS Consensus is $0.30)

Jones Soda (Nasdaq: JSDA) 15% LOWER; reports Q1 EPS of $0.00, 3 cents worse than estimates.(0.03) Revenues were $9.2 million vs. $13.17 million consensus.

On2 Technologies, Inc. (Amex: ONT) 15% HIGHER; Q1 Revenue increased 131% to $2,815,000. Net loss was $721,000 as compared with $1,179,000 for the three months ending March 31, 2007 and 2006, respectively.

Glenayre Technologies, Inc. (Nasdaq: GEMS) 15% HIGHER; Dan Loeb’s Third Point LLC disclosed a 6.3% stake (4.4 million shares) in the company. The firm believes the stock is materially undervalued and said the best outcome for shareholders would be for management and the Company’s board of directors to immediately abandon their strategy to build the Company through acquisitions and a "digital business plan" and to promptly commence an auction to sell the Company.

Cray (Nasdaq: CRAY) 12% LOWER; reports a Q1 loss of $0.03, 1 cent worse than estimates.(-.02) Revenues were $47.1 million vs. $48.25 million consensus. Sees FY revenues of about $230 million vs. consensus of $248.3 million.

NovaStar Financial (NYSE: NFI) 9% HIGHER; entered into a commitment letter setting forth the terms of a commitment for a $1.9 billion comprehensive financing facility arranged by Wachovia Capital Markets, LLC and certain of its affiliates.

Union Drilling (Nasdaq: UDRL) 7% LOWER; reports Q1 EPS of $0.39, 9 cents worse than estimates.(0.48) Revenues were $70.5 million vs. $74.25 million consensus.

Centillium (Nasdaq: CTLM) 6.8% HIGHER; reports a Q1 loss of $0.13, 1 cent better than estimates.(-.14) Revenues were $10.6 million vs. $10.73 million consensus.

First Solar (Nasdaq: FSLR) 6.5% HIGHER; reports Q EPS of $0.07, 7 cents better than estimates.(0.00) Revenues were $66.9 million vs. $52.81 million consensus.

SigmaTel (Nasdaq: SGTL) 6% HIGHER; reports a Q1 loss of $0.41, 7 cents better than estimates.(-.48) Revenues were $22 million vs. $19.60 million consensus. Sees Q2 revs between $24-28 million vs. $22.9 million consensus. Sees Q2 loss between $0.30-0.36 vs. consensus for $0.39 loss.

Shutterfly (Nasdaq: SFLY) 6% HIGHER; reports a Q1 loss of $0.04, 5 cents better than estimates.(-.09) Revenues were $26.7 million vs. $23.62 million consensus. Sees Q2 revs between $26-27 million vs. $24.4 million consensus. Sees FY revs between $163-168 million vs. $163.5 million consensus.

Universal Electronics (Nasdaq: UEIC) 5.3% HIGHER; reports Q1 EPS of $0.31, 4 cents better than estimates.(0.27) Revenues were $66 million vs. $63.38 million consensus. Sees Q2 EPS between $0.28-0.32 vs. $0.24 consensus. Sees FY EPS between $1.25-1.35 vs. $1.20 consensus.

QLogic (Nasdaq: QLGC) 5% LOWER; reports Q4 EPS of $0.22, 1 cent worse than estimates.(0.23) Revenues were $147.1 million vs. $150.85 million consensus.

Bebe Stores, Inc. (Nasdaq: BEBE) 4% LOWER; Reports Q3 results. Sees Q4 EPS of $0.17-$0.21, versus the consensus of $0.25.

Sears Holdings (Nasdaq: SHLD) 3.6% LOWER; sees Q1 EPS of $1.30 and $1.53, which includes a gain of $0.27, versus the consensus of $1.46. Kmart comparable store sales decreased by 4.7%, primarily due to lower transaction volumes across most businesses. Sears domestic comparable store sales declined by 2.4%, primarily reflecting a reduction in home appliances sales, which the Company believes reflects a slower U.S. housing market and increased competition, partially offset by an improvement in children’s apparel sales.

Pacer Int’l (Nasdaq: PACR) 3.4% HIGHER; reports Q1 EPS of $0.21, 9 cents better than estimates.(0.30) Revenues were $465.1 million vs. $470.3 million consensus.

Digital River Inc. (NASDAQ: DRIV) 2% HIGHER; will replace OSI Restaurant Partners, Inc. (NYSE: OSI) in the S&P MidCap 400 after the close of trading on a date to be announced. OSI Restaurant Partners is being acquired by an investor group comprised of Bain Capital Partners LLC, Catterton Partners, and OSI Restaurant founders in a deal that is still pending final approvals.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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