After Hours Summary

Wednesday, May 21, 2008

After Hours Summary: NTAP -11.2% on earnings/guidance; MCO -1.1% (Moody's: Senator seeks probe of Moody’s errors – FT);

Companies trading higher in after hours in reaction to earnings: NDSN +9.7%; LDG +4.2%; LTD +3.8%; PERY +3.3%; SMTC +3.2%... Companies trading down in reaction to earnings: CEDU -16.8%; WSTL -15.9%; NTAP -11.2%; BRS -8.1%; ZL -3.5%; NAPS -2.4%; CHINA -2.3%; CTRN -2.1%; SNPS -1.8%; PETM -1.5%; GYMB -1.0%... Companies trading higher in after hours in reaction to news: CPN +11.0% (Harbinger Capital Partners recommends Calpine review NRG Energy's proposed merger of equals); EAC +6.2% (to explore strategic alternatives); MOBE +2.7% (changes name to iGo, effective immediately; ticker changes to IGOI, effective at the start of trading on Thursday, May 22, 2008); ESE +2.0% (announces contract award at PTI; annual revenue expected to be approx $10-$15 mln); EPAX +1.9% (acquires BookRags for $18 mln; expected to be accretive in the first twelve months following the acquisition); DRC +1.5% (announces renewed supplier agreement with Chevr); KAI +1.1% (enters into a $100 million uncommitted private shelf agreement with Prudential Capital Group); FLIR +1.1% (receives $358.4 mln IDIQ contract modification from the U.S. Army); AZN +1.0% (sued by the Arkansas Attorney General over SEROQUEL -- Bloomberg)... Companies trading lower in reaction to news: JTX -6.2% (issues guidance in addition to reporting its tax returns; prepared 3.45 mln tax returns in 2008, a decline of 5.3% compared to the prior year); NRF -6.2% (announces private offering of up to $75 mln exchangeable senior notes due 2013); RAD -3.9% (announces proposed offering of convertible notes); PFE -1.3% (Report raises new safety concerns about Pfizer drug Chantix -- WSJ); CHINA -1.4% (reiterates revenue and adjusted net income guidance for Q2 2008); MCO -1.1% (Moody's: Senator seeks probe of Moody's errors -- FT).