After Hours Declines: Mindray Medical International (NYSE:MR), DXP Enterprises Inc. (NASDAQ:DXPE), Artisan Partners Asset Management Inc. (NYSE:APAM)

Technology Stocks News 1

Mindray Medical International (NYSE:MR) is lower in after hours trading after the company reported financial results for Q4 that beat the single analyst estimate on Capital IQ and provided guidance for fiscal 2014. Shares are down 1.19% at $34.80, with a 52-week range of $33.88 – $43.81.

The developer, manufacturer and marketer of medical devices reported Q4 earnings of $0.62 per share, ex one-time items, compared with the prior-year period’s $0.51 per share. Revenue was $368.4 million, up 16.5% from $316.1 million in the same quarter last year. A single analyst estimate on Capital IQ pegged EPS at $0.54 and revenue at $351.26 million.

Mindray Medical International (NYSE:MR) expects fiscal 2014 non-GAAP net income to remain at a similar level to its fiscal 2013 non-GAAP net income, at about $2.20 per share, versus the Street view of $2.25. Revenue is expected to grow at least 15% year over year. on revenues of million.

DXP Enterprises Inc. (NASDAQ:DXPE) shares were slipping in late Monday trading after Q4 revenue for the value-added industrial products company trailed analyst forecast, trumping better-than-expected quarterly earnings. Sales during the three months ended Dec. 31 rose 7.1% year over year to around $313.8 million, trailing the Capital IQ consensus by around $16.1 million.

FY13 sales were up 13.2% year over year. The company also reported Q4 earned net income of $16.9 million, or $1.07 per fully diluted share, up from $0.92 per share in the year-ago period and beating analyst estimates by $0.01 per share.

DXP Enterprises Inc. (NASDAQ:DXPE) shares were down 0.1% at $100.90 each in late Monday trading, falling 5 cents, extending a 0.9% decline during today’s regular session.

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) are down 1.1% at $61.42 after-hours as the global investment management firm says it has commenced an underwritten public offering of 7 million shares of its Class A common stock. The company will grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares. Artisan Partners Asset Management Inc. (NYSE:APAM) intends to use all of the net proceeds of this offering to purchase shares of the company’s convertible preferred stock and common and preferred units of the company’s subsidiary, Artisan Partners Holdings LP.

The selling holders include directors, officers and employees of the Company and its subsidiaries.

 

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone