StreetInsider.com After-Hours Movers 05/07

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By Douglas A. McIntyre Published
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Answers (Nasdaq: ANSW) 22% LOWER; reports Q1 EPS of $0.01 (ex-items), 1 cent worse than estimates.(0.02) Revenues were $3 million vs. $2.99 million consensus.

Cutera (Nasdaq: CUTR) 20% LOWER; reports Q1 EPS of $0.18, 1 cent worse than estimates.(0.19) Revenues were $23.3 million vs. $22.99 million consensus. Sees Q2 EPS of $0.14, versus the consensus of $0.30. Sees 2007 EPS of $1.07, versus the consensus of $1.33.

Heelys, Inc. (Nasdaq: HLYS) 12% LOWER; reports Q1 EPS of $0.30, 10 cents better than estimates. Revenues came in at $49.4 million versus the consensus of $36.13 million. Sees Q2 EPS of $0.37-$0.40, versus the consensus of $0.33. Sees Q2 sales of $65-$70 million versus the consensus of $68 million. Announced plans to offer 8,000,000 shares held by Heelys, Inc. stockholders.

McDermott (NYSE: MDR) 10% HIGHER; reports Q1 EPS of $1.38 vs. consensus of $0.75. Revenues were $1.36 billion vs. $1.27 billion consensus.

Haynes International, Inc. (Nasdaq: HAYN) 9% HIGHER; reports Q2 EPS of $1.63 vs. consensus of $1.19. Revenues were $137.3 million vs. $134.1 million consensus.

WellCare Health Plans, Inc. (NYSE: WCG) 8% HIGHER; reports Q1 EPS of $0.60, 4 cents better than estimates. Sees Q2 EPS of $1.20-$1.25, versus the consensus of $0.85. sees 2007 EPS of $4.65-$4.75 versus the consensus of $4.20. Sees 2007 revs of $5.2 billion versus prior guidance of $4.95 billion and the consensus of $4.94 billion.

Guitar Center (Nasdaq: GTRC) 8% HIGHER; reports Q1 EPS of $0.57, 8 cents better than estimates.(0.49) Revenues were $534.5 million vs. $525.73 million consensus. Sees Q2 EPS between $0.35-0.41 vs. consensus of $0.38. Sees FY EPS between $2.52-2.71 vs. consensus of $2.51

Photon Dynamics (Nasdaq: PHTN) 7% LOWER; reports a Q2 loss of $0.53 (ex-items), 4 cents better than estimates.(-.57) Revenues were $13.9 million vs. $13.25 million consensus. Sees Q3 revenues between $15-20 million vs. $24.1 million consensus. Sees Q3 loss between $0.30-0.40 vs. consensus for $0.23 loss.

Blue Nile (Nasdaq: NILE) 6% HIGHER; reports Q1 EPS of $0.19, 4 cents better than estimates.(0.15) Revenues were $67.9 million vs. $62.12 million consensus. Company sees Q2 EPS between $0.16-0.17 vs. consensus of $0.18. Sees Q2 sales between $65.5-67.5 million vs. $66.8 million consensus.

Powerwave (Nasdaq: PWAV) 5.8% LOWER; reports a Q1 loss of $0.20 (Ex-items), 5 cents worse than estimates.(-.15) Revenues were $163.6 million vs. $159.59 million consensus.

PDL BioPharma (Nasdaq: PDLI) 3.5% HIGHER; co-founder Cary Queen, Ph.D disclosed a letter to the company supporting the proposals of hedge fund Third Point LLC for a new direction at PDL that emphasizes efficiency, focus on product development, and profitability, under the leadership of a new Chief Executive Officer. Third Point, run by Daniel Loeb, has been pushing for a sale of the company among other things.

Answers (Nasdaq: ANSW) 22% LOWER; reports Q1 EPS of $0.01 (ex-items), 1 cent worse than estimates.(0.02) Revenues were $3 million vs. $2.99 million consensus.

Cutera (Nasdaq: CUTR) 20% LOWER; reports Q1 EPS of $0.18, 1 cent worse than estimates.(0.19) Revenues were $23.3 million vs. $22.99 million consensus. Sees Q2 EPS of $0.14, versus the consensus of $0.30. Sees 2007 EPS of $1.07, versus the consensus of $1.33.

Heelys, Inc. (Nasdaq: HLYS) 12% LOWER; reports Q1 EPS of $0.30, 10 cents better than estimates. Revenues came in at $49.4 million versus the consensus of $36.13 million. Sees Q2 EPS of $0.37-$0.40, versus the consensus of $0.33. Sees Q2 sales of $65-$70 million versus the consensus of $68 million. Announced plans to offer 8,000,000 shares held by Heelys, Inc. stockholders.

McDermott (NYSE: MDR) 10% HIGHER; reports Q1 EPS of $1.38 vs. consensus of $0.75. Revenues were $1.36 billion vs. $1.27 billion consensus.

Haynes International, Inc. (Nasdaq: HAYN) 9% HIGHER; reports Q2 EPS of $1.63 vs. consensus of $1.19. Revenues were $137.3 million vs. $134.1 million consensus.

WellCare Health Plans, Inc. (NYSE: WCG) 8% HIGHER; reports Q1 EPS of $0.60, 4 cents better than estimates. Sees Q2 EPS of $1.20-$1.25, versus the consensus of $0.85. sees 2007 EPS of $4.65-$4.75 versus the consensus of $4.20. Sees 2007 revs of $5.2 billion versus prior guidance of $4.95 billion and the consensus of $4.94 billion.

Guitar Center (Nasdaq: GTRC) 8% HIGHER; reports Q1 EPS of $0.57, 8 cents better than estimates.(0.49) Revenues were $534.5 million vs. $525.73 million consensus. Sees Q2 EPS between $0.35-0.41 vs. consensus of $0.38. Sees FY EPS between $2.52-2.71 vs. consensus of $2.51

Photon Dynamics (Nasdaq: PHTN) 7% LOWER; reports a Q2 loss of $0.53 (ex-items), 4 cents better than estimates.(-.57) Revenues were $13.9 million vs. $13.25 million consensus. Sees Q3 revenues between $15-20 million vs. $24.1 million consensus. Sees Q3 loss between $0.30-0.40 vs. consensus for $0.23 loss.

Blue Nile (Nasdaq: NILE) 6% HIGHER; reports Q1 EPS of $0.19, 4 cents better than estimates.(0.15) Revenues were $67.9 million vs. $62.12 million consensus. Company sees Q2 EPS between $0.16-0.17 vs. consensus of $0.18. Sees Q2 sales between $65.5-67.5 million vs. $66.8 million consensus.

Powerwave (Nasdaq: PWAV) 5.8% LOWER; reports a Q1 loss of $0.20 (Ex-items), 5 cents worse than estimates.(-.15) Revenues were $163.6 million vs. $159.59 million consensus.

PDL BioPharma (Nasdaq: PDLI) 3.5% HIGHER; co-founder Cary Queen, Ph.D disclosed a letter to the company supporting the proposals of hedge fund Third Point LLC for a new direction at PDL that emphasizes efficiency, focus on product development, and profitability, under the leadership of a new Chief Executive Officer. Third Point, run by Daniel Loeb, has been pushing for a sale of the company among other things.

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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