After Hours Summary:

Wednesday, January 30, 2008

After Hours Summary: SBUX -2.3% on earnings; CFC -2.8% (says remains ahead of schedule on 6-year 7,500 job commitment to Texas enterprise fund) -Update-

Companies moving in after hours trading in reaction to earnings: Trading Up: CNQR +12.8%; SMCI +8.4%; ININ +6.3%; TSCO +4.8%; ADS +4.2%; ESLR +3.8%; HRS +3.6%; CTS +2.0%; ADPT +1.8%; EXPO +1.5%; CCK +1.5%; CAI +1.5%; MLNX +1.4%; CVD +1.4%; AFL +1.3%; FNF +1.1%; PHM +1.0%... Trading Down: ARAY -29.2%; CDNS -23.4%; BLOG -19.0%; AMZN -11.1%; MTSN -8.5%; RNOW -8.4%; NEWP -4.6%; NVLS -3.5%; VIRL -3.0%; HSTX -3.0%; SBUX -2.3%; MIPS -2.2%... Companies moving in after hours trading in reaction to news: Trading Up: RFIL +10.2% (requests extension to file 10KSB; guides for Q4 EPS of $0.13 vs $0.13 in 4Q060; MMA +5.9% (completes bond refinancing); MEH +3.0% (announced U.S. Department of Justice closes investigation of pending acquisition of Midwest Air Group; transaction expected to close January 31); AMAG +3.0% (provides additional clinical information on ferumoxytol; will host conference tomorrow at 9am ET); EWST +2.6% (declares three-for-two stock split); MUR +2.4% (announces prelim Q1, guides Q4 EPS); KFED +1.7% (authorizes new stock repurchase plan to repurchase up to 10% of its common stock); CTIC +1.6% (cuts net operating expenses 35% and expands commercial team to support Zevalin sales and applications seeking two product approvals in 2009); BAS +1.5% (announces two acquisitions; acquisitions are anticipated to be accretive to earnings in 2008); EBHI +1.4% (announces a reorganization of their corporate staff; job cuts represent an aggregate of 16% of the corporate staff); CPRT +1.1% (lanelogic partners with Pep Boys to facilitate an alternative for consumers to sell their cars for cash); ABM +1.1% (announces two acquisitions; acquisitions are anticipated to be accretive to earnings in 2008)... Trading Down: CEP -4.5% (files a $1 bln mixed shelf offering in an S-3); CFC -2.8% (says remains ahead of schedule on 6-year 7,500 job commitment to Texas enterprise fund); GLAD -1.6% (prices 3 mln shelf offering at $17.00 per share); MER -1.2% (says top execs did not get bonuses for 2007 work -- Reuter