Friday after hours
Shares of Pegasystems Inc. (Nasdaq: PEGA) rose $0.09, or 0.94%, to $9.90 in after-hours trading today on the news that Nasdaq has given the company an extension on the filing of its 2006 annual report. As long as the Cambridge, Mass.-based software company files the 10-K with the U.S. Securities and Exchange Commission by May 10, then it will not be delisted from the Nasdaq exchange. Pegasystems said it plans to file the report with the SEC “next week,” and to regain compliance with the filing requirement for continued listing on the Nasdaq Global Select Market at that time.
Coca-Cola Bottling Co.’s (Nasdaq: COKE) stock was up by $0.58, or 1%, to $57.84 in after-hours trading today after the Charlotte, N.C.-based company announced a surge in first-quarter profits. Coca-Cola Bottling said it earned $4.7 million, or $0.51, on revenue of $337.6 million in the 2007 first quarter compared with net income of $800,000, or $0.09, on revenue of $ 333 million in the same period last year.
The SCO Group Inc. (Nasdaq: SCOX) said Friday that it is not in compliance with Nasdaq requirements. The Lindon, Utah-based provider of Unix software technology and mobile services said it received notification from Nasdaq on April 23 that it failed to comply with the minimum bid price requirement for continued listing on the exchange. SCO’s stock has closed under $1.00 for the last 30 business days. The company has until Oct. 22 to regain compliance, which would require closing at $1.00 per share or more for a minimum of 10 consecutive business days. At that time, the firm will either be granted an additional 180 calendar day compliance period or will face delisting from the exchange. SCO Group’s stock closed today up $0.03, or 3.4%, to $0.92. No after-hours figures were available as of 5:36 ET.
