Post-Market NASDAQ Movers (MANH, CTAS, SWSH, INFN, AAPL, RVBD, FTNT, FFIV, HANS, SYMX)
The top after-market NASDAQ Stock Market gainers are: Manhattan Associates, Cintas, Swisher Hygiene, Infinera, and Apple. The top after-market NASDAQ Stock Market losers are: Riverbed Technology, Fortinet, F5 Networks, Hansen Natural, and Synthesis Energy Systems.
Gainers
Manhattan Associates, Inc. (MANH) stock grew 7.73 percent to $37.50 in the after-market trading, as its second quarter earnings and revenue exceeded Street view. Profit for the second quarter was $12.3 million or $0.57 per share, up from $8.2 million or $0.36 per share last year. Adjusted profit was $14.2 million or $0.65 per share, higher than last year's $9.6 million or $0.42 per share last year. Revenue rose to $88.4 million from $77.6 million. Analysts had expected profit of $0.45 per share on revenue of $83.16 million.
Looking ahead, Manhattan Associates raised its full year 2011 adjusted earnings guidance to range of $1.97 to $2.02 per share from previous forecast of $1.87 to $1.92 per share. The company now expects revenue in the range of $325 million to $335 million, compared to previous forecast of $325 million to $330 million. Street analysts predict profit of $1.90 per share on revenue of $325.37 million for the full year 2011.
Cintas Corp. (CTAS) stock grew 7.26 percent to $33.10 in the after-market trading, as its fourth quarter earnings and revenue exceeded Street view. Profit was $70.8 million or $0.49 per share, up from $55.5 million or $0.36 per share last year. Revenue grew 11.3 percent to $1.012 billion. Analysts had expected profit of $0.44 per share on revenue of $967.49 million. Looking ahead, the company expects fiscal 2012 earnings of $1.97 to $2.05 per share and revenue of $4.0 billion to $4.1 billion, while Street predicts profit of $1.83 per share on revenue of $4.01 billion.
Swisher Hygiene Inc. (SWSH) stock gained 5.79 percent to $4.75 in the after-market trading.
Infinera Corp. (INFN) stock increased 5.02 percent to $6.90 in the after-market trading, as its second quarter loss was in-line with expectations. Adjusted loss was $11.7 million or $0.11 per share, compared to a profit of $3.0 million or $0.03 per share last year. Revenue fell to $96 million from $111.4 million. Analysts had expected a loss of $0.11 per share on revenue of $94.5 million.
Apple Inc. (AAPL) stock rose 4.55 percent to $394 in the after-market trading, as its third quarter earnings and revenue exceeded Street view. Profit was $7.308 billion or $7.79 per share, up from $3.253 billion or $3.51 per share last year. Sales rose to $28.57 billion from $15.70 billion. Analysts had expected profit of $5.80 per share on revenue of $24.92 billion.
The company's iPhone sales soared 142 percent to 20.34 million units, while iPad sales jumped 183 percent to 9.25 million units. Apple's Macintosh computers sales grew 14 percent to 3.95 million units, while iPod sales fell 20 percent to 7.54 million units. Looking ahead, the company expects fourth quarter earnings of about $5.50 per share and revenue of about $25 billion, while Street predicts profit of $6.42 per share on revenue of $27.70 billion.
Losers
Riverbed Technology, Inc. (RVBD) stock plunged 23.79 percent to $31.55 in the after-market trading. Adjusted profit for the second quarter was $34.9 million or $0.21 per share, up from $19.2 million or $0.13 per share last year. Revenue rose 35 percent to $170.3 million. Analysts had expected profit of $0.21 per share on revenue of $182.86 million. Looking ahead, the company said it expects a strong second half 2011. Our competitive position is stronger than ever, our product portfolio is even more robust with the acquisitions announced today, and our market opportunity is growing, said Jerry Kennelly, president and CEO of Riverbed.
Separately, Riverbed revealed the acquisition of two companies, Zeus Technology and Aptimize. Zeus is a privately-owned U.K. Company, involved in high performance application delivery control for virtual and cloud environments. Aptimize is also a privately-owned company in New Zealand, involved in web content optimization. Zeus and Aptimize enable asymmetric optimization of applications and web content, with their product offerings highly complementary to Riverbed's and will allow Riverbed to be a more strategic vendor to customers.
Fortinet Inc. (FTNT) stock tumbled 17.10 percent to $22.20 in the after-market trading. Adjusted profit for the second quarter was $15.3 million or $0.09 per share, up from $8.1 million or $0.05 per share last year. Revenue grew 35 percent to $103.02 million. Analysts had expected profit of $0.08 per share on revenue of $96.65 million.
In the conference call, the company said it expects third quarter adjusted earnings of $0.09 to $0.10 per share and revenue of $101 million to $103 million, while Street predicts profit of $0.09 per share on revenue of $101.82 million. For the full year 2011, the company raised its adjusted earnings guidance to range of about $0.36 to $0.37 per share from previous forecast of $0.35 per share. The company also increased its revenue outlook to range of $395 million to $410 million from previous range of $390 million to $400 million. Street analysts predict profit of $0.36 per share on revenue of $401.60 million for the full year 2011.
F5 Networks, Inc. (FFIV) stock fell 4.77 percent to $112.99 in the after-market trading, ahead of its third quarter earnings on Wednesday after the market closes. Street analysts predict profit of $0.91 per share on revenue of $290.66 million for the third quarter.
Hansen Natural Corp. (HANS) stock slid 4.43 percent to $77.88 in the after-market trading.
Synthesis Energy Systems, Inc. (SYMX) stock declined 4 percent to $2.40 in the after-market trading.
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