Quick Look Market Closing Price:
At the close: Dow +0.26% to 12392. S&P +0.23% to 1280. Nasdaq +0.07% to 2676. Treasurys: 30-year +0.3%. 10-yr +0.05%. 5-yr +0.25%. Commodities: Crude -0.30% to $101.27. Gold -0.52% to $1608.40. Currencies: Euro +0.38% vs. dollar. Yen -0.14%.
After Hours News:
Emulex (ELX) gains 8.3% AH after announcing it expects FQ2 revenue of $127M-$128M and EPS of $0.24-$0.25, above a consensus of $124M and $0.17. The company, whose shares had been hit by concerns about Thai flooding exposure, says its operations are now back to full capacity. Top rival QLogic (QLGC) is up 3.6%
Cirrus Logic (CRUS) is preannouncing in the opposite direction: the company says it expects FQ3 revenue of $122M, well above a consensus of $105.1M, and is also guiding for FQ4 revenue of $105M, above a $98.5M consensus. Cirrus' announcement could be another indication of strong iPhone demand, given it supplies an audio codec chip for the 4S. Shares +7.4% AH
Juniper (JNPR) drops 3.6% AH after warning it expects Q4 revenue of $1.1B-$1.2B and EPS of $0.26-$0.28, largely below a consensus of $1.19B and $0.34. In what appears to be a vindication of negative comments made last month by UBS, Juniper blames the shortfall on weak service provider demand, particularly in the U.S.. CSCO -0.8%. CIEN -1.4%. FFIV -1.1%. RVBD -1.4%. ALU -1.3%.
Standard Microsystems (SMSC): FQ3 EPS of $0.21 misses by $0.13. Revenue of $106.2M (-1% Y/Y) in-line. Shares -7.9% AH
WD-40 (WDFC): FQ1 EPS of $0.54 misses by $0.12. Revenue of $84.9M (+5% Y/Y) misses by $1.3M. Shares -13.3% AH
OCZ Technology Group (OCZ): FQ3 EPS of $0.06 misses by $0.01. Revenue of $103.1M (+93.8% Y/Y) beats by $3.6M. Shares -3.7% AH
Liz Claiborne (LIZ) announces lower guidance for 2012, saying it nows sees adjusted EBITDA falling in a range of $125M-$140M - lower than its previous estimate of $130M-$150M. Shares sink 8.9% AH
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