Companies moving in after hours trading in reaction to earnings: Trading Up: FSII +11.3%; DRI +1.4%... Trading Down: SONC -3.9%; CBK -3.2%... Companies moving in reaction to news: Trading Up: GOT +9.1% (Jana Partners discloses 5.1% stake); PRGX +5.25 (Receives Delisting Notice; Plans Reverse Stock Split); SPSN +3.95 (raises Q2 rev guidance); IFNY +1.0% (provides an update on operations and guidance)... Trading Down: RCKY -2.0% (Signs Licensing Agreement for Casual Footwear); CWTR -2.0% (receives automatic delisting notice from Nasdaq)... Mentioned on Mad Money: HEI +3.3%.
DRI Darden reported Q4 (May) earnings of $0.60 per share, a penny better than the Reuters Estimates consensus of $0.59. Revenues rose 8.5% year/year to $1.51 bln vs the $1.5 bln consensus. May Olive Garden same-store sales rose 3.0% vs. a Benchmark estimate of +1.2%; Red Lobster comps rose 3-4% vs. a Benchmark estimate of +3.2%.
SPSN Spansion raised its Q2 revenue guidance to $605-635 mln from $590-620 mln vs. consensus of $606.6 mln. Co bases its increased outlook on strong worldwide demand from the cellular phone, consumer and industrial markets
FSII Co reported a Q3 (May) loss of $0.08 per share, $0.01 worse than the Reuters Estimates consensus of ($0.07); revenues rose 67.5% year/year to $32 mln (consensus $28.3 mln). For Q4, though, FSII issued upside guidance, sees revenues of $35.0-40.0 mln (consensus $31.93 mln).
