After Hours Summary

Tuesday, January 29, 2008

After Hours Summary: YHOO down 10.9% on earnings/guidance; LEH up 2.8% (increases dividend 13%; continues stock buyback); SC down 2.2% (Alberta says reaches royalty agreement with SU; says SU to pay 20% more royalties under new deal, talks continue -- Reuters) -Update-

Companies moving in after hours trading in reaction to earnings: Trading Up: PXLW +25.2%; TUP +9.0%; WBSN +8.1%; EGLT +8.0%; BBOX +7.8%; CYBS +6.4%; HLIT +6.3%; JBHT +6.1%; INFA +5.8%; FLEX +3.4%; SHOR +3.1%; CALD +3.1%; CSGS +2.8%; NETL +1.3%... Trading Down: ALGN -19.9%; CYMI -15.7%; CLZR -12.9%; YHOO -10.9%; NATI -8.1%; SLGN -5.1%; CTX -4.5%; FDRY -3.3%; HIFN -3.2%; TRMB -2.3%; AMIS -2.0%; IKAN -1.3%... Companies moving in after hours trading in reaction to news: Trading Up: PXLW +25.2% (announces "Modified Dutch Auction" tender offer for up to $50 million principal amount of its convertible debt securities); PEIX +10.8% (among four companies selected by US Department of Energy to research commercial cellulose technology); INFA +5.8% (FAST signs OEM Partnership agreement with Informatica); NEXC +3.5% (acquires the Great American Cookie Company and expects to be accretive beginning in 2008; also revised upward FY08 guidance); LEH +2.8% (increases dividend 13%; continues stock buyback)... Trading Down: NTEC -3.2% (announces discontinuation of NE-180 program); CAB -2.8% (guides Q4 below consensus, lowers store opening forecast for 2008); SU -2.2% (Alberta says reaches royalty agreement with SU; says SU to pay 20% more royalties under new deal, talks continue -- Reuters); BSC -1.5% (In its 10-K, discloses that is has received requests for information from regulators relating to subprime mortgages); ABK -1.4% (declares dividend of $0.07 per share); WYE -1.3% (announces launch of own generic version of Protonix).