Wednesday after hours
The following small-cap companies were making news in after-hours trading Wednesday:
New York-based G-III Apparel Group, Ltd. (Nasdaq: GIII) said for the first quarter of fiscal 2008 ended April 30 that net sales were $35.1 million, compared with $14.4 million in the same quarter the previous year and above analysts' estimates at $28.17 million. The apparel manufacturer and distributor lost $0.42 per share, better than the loss of $0.72 in the same period last year and better than analysts' estimates for a loss of $0.51. The company also said its bookings were strong for the upcoming fall and holiday season, with the exception of a decline in outerwear private label programs. Shares were down $0.90, or about 4%, to $19.80 in after-hours trading. The 52-week range is $8.21 to $26.74.
Sangamo BioSciences, Inc. (Nasdaq: SGMO) said it expects to start a Phase 1 clinical trial on its HIV ZFP Therapeutic. The Richmond-Calif.-based bioscience company said it would hold the trial after it presented data on its efforts to develop a zinc finger DNA-binding protein (ZFP) Therapeutic(TM) for HIV/AIDS. Its program showed that ZFN-modified T-cells are protected from HIV infection. Sangamo was up 6% at $7.75 in after-hours trading.
SeaChange International, Inc. (Nasdaq: SEAC) said it had a 17% increase in revenues to $38.8 million for the first quarter of 2008 ended April 30, compared with the prior year period, but those sales were below analysts' forecasts for $41.42 million. Net loss for the quarter was $0.12 per share, compared with a net loss of $0.15 per share a year ago and worse than the $0.10-per-share loss expected by analysts. Shares of SeaChange were down 10.5% at $8.15 in after-hours trading. The Acton, Mass.-based software company also guided investors to expect less from it than previously indicated. SeaChange said it was now unlikely that first-half fiscal 2008 revenue would exceed revenue for the second half of fiscal 2007.
Shares of Books-A-Million Inc. (Nasdaq: BAMM) were higher in after-hours trading after the Birmingham, Ala.-based book retailer said it would pay a special one-time dividend of $3.00 per share. The dividend will be paid July 5 to shareholders of record at the close of business June 20. Shares were up $1.19, or 7%, to $18.00 in the extended-hours session.
Shares of Six Flags, Inc. (NYSE: SIX), the country's largest amusement part owner, were lower in after-hours trading after the company issued an update for the first six months of the year, which included Memorial Day business. Through June 3, total revenues increased 5%, or approximately $12.0 million, compared with the same period last year, and total revenue per capita increased 5% to about $39.70. Attendance was flat, though there were about 6% fewer park operating days. Shares were trading at $6.28, down 4.41%.
Big 5 Sporting Goods Corp. (Nasdaq: BGFV) will replace Kronos Inc. (Nasdaq: KRON) in the S&P SmallCap 600 after the close of trading on a date to be announced, Standard and Poor's said Wednesday afternoon. Shares of El Segundo, Calif.-based Big 5, a sporting goods retailer, were up 2.33% at $25.50.
