After Hours Summary: LDK +1.8% and JWN +0.7% on earnings/guidance; MBI -2.3% (eliminates quarterly dividend to preserve $174 mln, further strengthenin

Monday, February 25, 2008

Companies moving in after hours trading in reaction to earnings: Trading Up: CNTF +12.8%; TNS +7.2%; SNDA +5.4%; OPXT +3.3%; OPTC +3.1%; LDK +1.8%; TMNG +1.0%; JWN +0.7%... Trading Down: USU -20.0%; GB -4.8%; SWC -4.0%; OKS -3.8%; OKE -3.8%; NHP -2.4%; XCO -1.5%; DCI -1.4%... Companies moving in after hours trading in reaction to news: Trading Up: CISG +4.9% (announces the resignation of CFO David Tang; announces new CFO Peng Ge); ANTP +4.1% (received purchase order of $512,000); SIE +3.3% (DOJ says UnitedHealth must divest assets before Sierra Health deal -- DJ); RFMD +2.7% (Soros Fund Mgmt discloses 5.15% stake in SC 13G)... Trading Down: USU -20.0% (updates progress on American Centrifuge Project; co is seeing cost pressures, expects project budget to be about $3.5 bln); MOV -10.8% (lowers FY08 EPS and rev guidance below consensus; issues FY09 guidance below consensus); CC -2.5% (Wattles Capital Management nominates five director candidates for election to the Circuit City Board); MBI -2.3% (eliminates quarterly dividend to preserve $174 mln, further strengthening financial resources and increasing operating flexibility); NXG -2.2% (Fosterville gold mine to transition to owner mining); MER -2.1% (discovers error in cash flows; restates cash flows for FY05, FY06 -- DJ); VLCM -1.5% (Chairman and executives adopt stock trading plans); MBLX -1.5% (names Richard Eno President and CEO).