The top after-market NASDAQ Stock Market gainers are: Swisher Hygiene, hiSoft Technology International, Exceed Company, Pharmaceutical Product Development, and Verisk Analytics. The top after-market NASDAQ Stock Market losers are: FormFactor, Fred's, Urban Outfitters, Avis Budget Group, and SodaStream International.
Swisher Hygiene Inc. (SWSH) stock jumped 14.53 percent to $4.65 in the after-market trading. Loss for the second quarter widened to $7.13 million or $0.04 per share from $1.77 million or $0.03 per share last year. Excluding acquisition and merger-related costs, net loss for the latest quarter was $5.3 million. Revenue grew to $51.68 million from $15.16 million. Excluding the impact of acquisitions, organic revenue increased 22 percent. For the fiscal 2011, the company raised its revenue outlook from $200 million to $220 million, with current annualized Run-Rate Revenue now in excess of $280 million. Run-Rate Revenue is defined as August 2011 estimated annualized revenue and includes both acquisition and organic growth that have been added since June 30, 2011.
hiSoft Technology International Ltd. (HSFT) stock grew 8.94 percent to $12.55 in the after-market trading. Adjusted earnings for the second quarter was $5.78 million or $0.18 per American Depository Share (ADS), compared to $5.41 million or $0.24 per ADS last year. Revenue rose to $50.87 million from $34.69 million. Analysts had expected profit of $0.17 per ADS on revenue of $47.03 million.
Looking ahead into the third quarter, the company expects adjusted earnings of $0.22 to $0.23 per ADS and revenue of $56 million to $57 million, while Street predicts profit of $0.21 per ADS on revenue of $50.73 million. For the fiscal 2011, the company raised its adjusted earnings guidance to range of $0.80 to $0.84 per ADS from previous range of $0.76 to $0.80 per ADS. The company also increased its revenue outlook to at least $212 million from previous forecast of at least $194.5 million. Street analysts predict profit of $0.78 per ADS on revenue of $197.88 million for the fiscal 2011.
Exceed Company Ltd. (EDS) stock grew 8.32 percent to $4.95 in the after-market trading. Earnings for the second quarter were $14.66 million or $0.47 per share. Revenue rose 15.7 percent to $114.72 million. Analysts had expected profit of $0.34 per share on revenue of $111.22 million. For the third quarter, the company expects revenue of 1.007 billion Chinese yuan to 1.024 billion Chinese yuan, representing an approximate year-over-year increase of 21 percent to 23 percent.
Pharmaceutical Product Development Inc. (PPDI) stock gained 7.74 percent to $33.95 in the after-market trading. Private-equity Carlyle Group is in talks to acquire Pharmaceutical Product Development, Reuters reported citing people familiar with the matter. Carlyle Group edged out other private-equities such as Blackstone Group LP (BX), KKR & Co. (KKR), and Hellman & Friedman Llc that evinced interest in the clinical research company. Most bids were between $33 and $38 a share, or as much as $4.3 billion. Carlyle is also said to be in talks with other private-equity firms regarding involvement in the acquisition of Pharmaceutical Product Development.
Verisk Analytics, Inc. (VRSK) stock increased 6.33 percent to $34.25 in the after-market trading. Berkshire Hathaway Inc. (BRK-A) reported $52.35 billion of U.S. Stock Portfolio as Of June 30, 2011, according to a regulatory filing. Berkshire held 1.5 million Dollar General Corp. (DG) shares and 2.1 million Verisk Analytics shares as of June 30. At the end of June 2011, Berkshire owned 405,000 shares of MasterCard Inc. (MA).
FormFactor Inc. (FORM) stock fell 8.68 percent to $7.68 in the after-market trading.
Fred's Inc. (FRED) stock tumbled 7.54 percent to $10.54 in the after-market trading.
Urban Outfitters Inc. (URBN) stock slid 6.90 percent to $27.64 in the after-market trading. Profit for the second quarter was $56.69 million or $0.35 per share, down from $71.66 million or $0.42 per share last year. Sales rose to $609.18 million from $552.16 million. Analysts had expected profit of $0.32 per share on revenue of $604.46 million. Comparable retail segment net sales, which include our direct-to-consumer channels, rose 1 percent, while comparable store net sales decreased 2 percent.
"We remain confident in our strategies and believe we made great executional progress during the quarter," said Glen Senk, Chief Executive Officer of Urban Outfitters. "We anticipate gradual improvements in our comparable sales over the balance of the fiscal year and into Spring 2012."
Avis Budget Group, Inc. (CAR) stock declined 6.71 percent to $12.37 in the after-market trading.
SodaStream International Ltd. (SODA) stock decreased 5.70 percent to $47.48 in the after-market trading.