After Hours Summary: WFR -24.6%, AMZN +8.5% on earnings; LSI +11.0% on earnings/guidance

Wednesday, July 23, 2008

Companies trading higher in after hours in reaction to earnings: CRUS +15.9%; BIDU +13.3%; SCSS +10.8%; LSI +11.0%; GSIC +9.6%; MLNX +9.1%; AMZN +8.5%; VAR +7.0%; IRBT +6.5%; ICO +6.2%; NTGR +6.1%; SANM +5.8%; TEX +4.7%; PHM +4.5%; NTRI +4.3%; SLM +4.2%; DOX +4.2%; AFOP +3.5%; STMP +3.4%; DGII +3.3%; TQNT +3.1%; FBP +3.0%; SY +2.9%; AEIS +2.6%; ASIA +2.5%; RHI +2.5%; ARBA +2.3%; TISI +1.5%; SGMO +1.1%; CNW +1.1%... Companies trading lower in after hours in reaction to earnings: CDNS -26.5%; WFR -24.6%; CPTS -19.7%; SWIR -19.1%; NVEC -18.7%; WIRE -16.2%; OMTR -13.2%; SKX -12.3%; CMG -11.7%; GDI -10.8%; RGR -10.0%; KAI -9.1%; RYL -6.6%; FFIV -5.5%; LHO -4.4%; MCK -4.0%; IKAN -3.9%; AFL -3.9%; FNF -3.0%; NE -2.5%; AGP -1.4%; EQIX -1.3%; BCR -1.2%; AEM -1.1%; ISIL -1.0%... Companies trading higher in after hours in reaction to news: IRBT +6.5% (receives an additional order from the U.S. Army totaling $17.5 mln); WB +3.1% (CEO bought 1 mln shares at $15.32-17.02 on 7/22); CAP +3.1% (files for the sale of 4 mln shares of its common stock, comprising 1,333,000 shares that CAI intends to offer and 2,667,000 shares by selling shareholders); ONXX +2.8% (The New England Journal of Medicine publishes Nexavar study demonstrating significant improvement in overall survival in patients with liver cancer)... Companies trading lower in reaction to news: CGX -15.7% (lowers preliminary Q2 results below consensus); CAKE -5.8% (announces that CFO Michael Dixon resigned; appoints Cheryl Slomann as interim CFO); STLD -4.8% (files for an 18.33 mln share common stock offering by selling shareholders); LCC -4.2% (Moody's downgrades ratings of US Airways -- corporate family to Caa1; Outlook Negative).