After-Hours Market Movers – PERY, CHMT, EOG

Technology Stocks News 20

Perry Ellis International, Inc. (NASADQ:PERY) in Monday after-hours reports fiscal 2014 preliminary Q4 results for the quarter ended February 1 2014. PERY expects adjusted EPS to be in the range of $0.02-$0.05 while revenues are expected to decline 16% to approximately $216 million compared to revenues of $258 million last year. Analysts polled by Capital IQ are expecting EPS of $0.71 on revenues of $272.4 million. The company issued adjusted diluted fiscal 2014 EPS guidance in a range of $0.34 to $0.37 compared to analyst estimates of $1.11. The company expects total revenues to be in a range of $910 million to $920 million for fiscal 2015, compared to analyst estimates for revenues of $1.01 billion. PERY expects to report actual results the week of April 7, 2014.

Chemtura (NYSE:CHMT) reported financial results for Q4 that topped analysts’ expectations, and provided revenue growth guidance for fiscal 2014. The developer, manufacturer and marketer of performance-driven engineered specialty chemicals reported Q4 earnings of $0.16 per share, compared with the prior-year period’s $0.20 per share. Revenue was $544 million, up 2.1% from $533 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.11 on revenues of $536.46 million. The company reaffirmed its fiscal 2014 guidance, still seeing revenue growth of 8% – 10%. Adjusted EBITDA growth is expected to rise 20% – 30%.

EOG Resources (NYSE:EOG) is up in after-hours trading after the company reported financial results for Q4 that topped analysts’ expectations and provided an outlook for production and capital expenditure for fiscal 2014. Shares are up 1.44% at $183 in the after hours session, with a 52-week range of $112.05 – $188.30. EOG reported Q4 earnings of $2 per share, compared with the prior-year period’s $1.61 per share. Revenue was $3.75 billion, up 24.54% from $3.01 billion in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $1.95 on revenues of $3.53 billion. EOG is targeting 27% total company crude oil production growth in 2014, driven by 29% growth in the U.S. EOG does not plan to allocate capital to North American dry natural gas drilling in 2014, and consequently, its North American natural gas production is expected to decline 6%. Total company production is expected to increase 11.5%. Capital expenditures for 2014 are expected to range from $8.1 billion to $8.3 billion, including production facilities and midstream expenditures, but excluding acquisitions.

 

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