After Hours Summary: INTC +0.9%; FNM +2.7% (CEO, on CNBC, says they did not ask the SEC for a new ruling on short selling)

Wednesday, July 16, 2008

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Companies trading higher in after hours in reaction to earnings: JOEZ +19.5%; TONS +15.3%; ALTR +8.0%; CSGP +7.9%; NINE +3.6%; INTC +0.9%... Companies trading lower in after hours in reaction to earnings: STX -10.3%; SPSN -2.4%; PHHM -2.2%; VFC -1.8%; DYII -1.4%... Companies trading higher in after hours in reaction to news: AVA +11.4% (Co issues Q4 guidance; sees Q4 revs in line with consensus); CSE +4.1% (Co announces proposed initial public offering of CapitalSource Healthcare REIT of $300 mln); CHNR +3.6% (Co to acquire coal exploration company in Guizhou Province, PRC for $25 mln); FNM +2.7% (CEO, on CNBC, says they did not ask the SEC for a new ruling on short selling); SYNM +2.3% (Co and Tyson approve dynamic fuels plant construction); RMBS +1.6% (Co and Qimonda sign amended patent license agreement); GTN +1.0% (Co issues an additional $25 mln of Series D perpetual preferred stock)... Companies trading lower in reaction to news: OESX -41.9% (Co announces FY09 and Q1 prelim revenues below consensus; appoints new CFO and COO); CBI -12.4% (guides FY08 EPS); DLR -4.4% (announces proposed offering of common stock); FBN -2.2% (FY08 revs below consensus; Accelerates Strategic Plan, Implementing Initiatives to Reduce Costs, Improve efficiencies); PAC -1.8% (Co sees lower traffic growth estimates in FY08 and lower commercial and aeronautical revs for FY08); XIDE -1.2% (Co secures new military contract); NUAN -1.2% (Co to appoint Thomas Beaudoin as CFO); S -0.4% (Sprint Nextel, SK Telecom in strategic partnership talks to make new handsets, services -- WSJ).