After Hours Summary: UPS -4.0% (lowers Q2 EPS guidance below consensus);

Tuesday, June 24, 2008

After Hours Summary: UPS -4.0% (lowers Q2 EPS guidance below consensus); AMAT +1.4% (releases statement regarding its SunFab Thin Film Solar Technology; believes does not infringe European Patent) Companies trading down in reaction to earnings: MXC -1.0%... Companies trading higher in after hours in reaction to news: ROYL +3.2% (trades up $1 after giving an operational update and saying it expects to return to regular quarterly profitability in Q2); MPW +1.6% (comments on closure of River Oaks Medical Center; co has elected to cease operations at River Oaks Medical Center in Houston, Texas); HLS +1.6% (to sell 8.8 mln shares of common stock); AMAT +1.4% (releases statement regarding its SunFab Thin Film Solar Technology; believes does not infringe European Patent); TSRA +1.0% (announces the ITC has tentatively scheduled a hearing to begin on Feb 5, 2009 in co's complaint against packaging assembly subcontractors)... Companies trading lower in reaction to news: RDYN -10.2% (terminates faropenem agreements); UPS -4.0% (lowers Q2 EPS guidance below consensus); HDY -2.9% (discloses it appointed Sarah Berel-Harrop to replace Steven Plumb who resigned as CFO and Principal Accounting Officer); CSUN -1.7% (announces private offering of $45 mln of convertible senior notes); BX -1.4% (files for offering of ~818 mln common units representing limited partner interests to holders of Blackstone Holdings partnership units upon exchange); AATI -1.4% (announces the departure of Parviz Ghaffaripour, Executive Vice President and Chief Operating Officer); CTB -1.3% (adjusts production in challenging industry environment; curtailments to cost $12-14 mln in Q2); LOJN -0.6% (discloses Michael Umana, Chief Financial Officer will resign from employment September 30, 2008); ONXX -0.6% (reports in an 8-K that on June 17, 2008, the co's Chief Financial Officer announced his resignation).