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Last Update: 09-Nov-11 01:25 ET
Adobe trades lower after hours after issuing downside FY12 guidance
There were a number of stocks moving in after hours, including the following.
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: SGI +5.2%, SVM +1.9%.
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: POWL -18.1%, STEC -16.6%, NILE -16.3%, PRMW -11.1%, WTW -10.3%, RBCN -9.9%, VLNC -9.6%, IL -8.9%, DIOD -4.9%, ATVI -3.5%, TTWO -2.3%.
Companies trading lower in after hours in reaction to news: ENER -14.8% (Energy Conversion devices continues execution of restructuring plan), ADBE -9.1% (Adobe Systems issues downside FY12 revs guidance; reaffirms Q4 revenue target, restructures to align business around Digital Media, Digital Marketing), PLAB -4.3% (Photronics lowered Q4 revs guidance to $120-122 mln vs $128.91 mln Capital IQ Consensus Estimate, from $125-130 mln; lowers EPS to $0.11-0.13, vs. $0.17 consensus, down from $0.14-0.18).
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: SGI +5.2%, SVM +1.9%.
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: POWL -18.1%, STEC -16.6%, NILE -16.3%, PRMW -11.1%, WTW -10.3%, RBCN -9.9%, VLNC -9.6%, IL -8.9%, DIOD -4.9%, ATVI -3.5%, TTWO -2.3%.
Companies trading lower in after hours in reaction to news: ENER -14.8% (Energy Conversion devices continues execution of restructuring plan), ADBE -9.1% (Adobe Systems issues downside FY12 revs guidance; reaffirms Q4 revenue target, restructures to align business around Digital Media, Digital Marketing), PLAB -4.3% (Photronics lowered Q4 revs guidance to $120-122 mln vs $128.91 mln Capital IQ Consensus Estimate, from $125-130 mln; lowers EPS to $0.11-0.13, vs. $0.17 consensus, down from $0.14-0.18).
