After Hours Summary

Thursday, January 31, 2008

After Hours Summary: GOOG -7.0% on earnings; ALTR +3.3% on earnings/guidance; MOT +10.1% (to explore structural and strategic realignment of its businesses to enhance shareholder value) -Update-

Companies moving in after hours trading in reaction to earnings: Trading Up: PAR +15.0%; ISRG +14.9%; STAR +13.3%; INFN +12.9%; SWIR +10.7%; COGO +6.9%; TSRA +6.7%; LAVA +5.3%; DLB +5.3%; AFFX +4.7%; SIMO +4.6%; CA +4.1%; ALTR +3.3%; CLS +2.3%; FMD +1.9%; DNEX +1.7%; ZHNE +1.4%; ISSI +1.4%; ACLS +1.3%; CYTK +1.0%... Trading Down: OMCL -12.3%; DRIV -11.2%; ACTU -10.5%; ABAX -9.4%; COLM -8.2%; BEBE -7.1%; GOOG -7.0%; SXE -6.7%; AVID -5.5%; TRID -5.4%; MNT -4.6%; SYMM -4.4%: PFWD -4.1%; SMTL -3.2%; ZIGO -3.1%; ELY -3.0%; RFMD -3.1%; ERTS -3.1%; CPSI -2.7%; CBAK -2.3%; MIL -1.7%; RDEN +1.5%; EXAR -1.1% ... Companies moving in after hours trading in reaction to news: Trading Up: FLS +10.8% (raises 2007 revs above consensus; sees FY08 EPS above consensus); MOT +10.1% (to explore structural and strategic realignment of its businesses to enhance shareholder value); XPO +5.9% (expects Full Year 2008 revenue to exceed $120 mln); JAZZ +5.0% (announces submission of complete response to FDA approvable letter for LUVOX CR); COF +2.7% (announces $2 billion share buyback; $0.027 dividend increase to $0.375)... Trading Down: TSRA -6.7% (to acquire FotoNation for $29 mln); TRID -6.6% (expects 2H08 revs of $100-110 mln vs First Call consensus of $126.2 mln); SLW -4.1% (Goldcorp Announces Secondary Offering Of Its Entire 48% Interest In Silver Wheaton); EPIX -3.9% (reaches agreement with FDA on protocol, initiates re-read of Vasovist Phase 3 images); MW -1.2% (announces that Doug Ewert has been promoted to President and Chief Operating Officer (formerly EVP and COO); HRB -1.0% (implements cost reduction program; co plans to lower costs $110 mln