|
April 6, 2009 5:30 PM EDT
Ventas, Inc. (NYSE: VTR) 4.8% LOWER; announced today that it plans to offer 8,500,000 shares of its common stock in an underwritten public offering. The Company expects to grant the underwriters an option to purchase up to an additional 1,275,000 shares of common stock to cover overallotments. The Company also announced today that it plans to offer $200 million aggregate principal amount of 6½% Senior Notes due 2016 in an underwritten public offering. Separately, the company affirmed its FY09 FFO guidance of $2.55-$2.65, which compares to the Street estimate of $2.63.
FARO Technologies, Inc. (Nasdaq: FARO) 4.3% LOWER; today announced a global reduction in force driven by continued economic weakness. This reduction is in addition to a 7% reduction announced on February 20, 2009. The reduction, effective immediately, impacts approximately 14% of FARO's workforce across all functions. The Company expects to save approximately $7.4 million on an annual basis and will incur a first quarter charge of approximately $0.5 million related to severance costs.
Immucor (Nasdaq: BLUD) 3.8% HIGHER; reports Q3 EPS of $0.27, 5 cents better than the analyst estimate of $0.22. Revenue for the quarter was $75.3 million, versus the consensus of $73.23 million. Reaffirm its FY09 outlook: EPS at the upper end or modestly above $0.97-$1.02 and revs of $292-$300 million. The Street is currently expecting FY09 EPS and sales of $0.99 and $297 million, respectively.
Converted Organics (Nasdaq: COIN) 2.4% LOWER; announced that its financial statements for the fiscal year ended December 31, 2008, included in the Company's Annual Report on Form 10-K filed with the SEC on March 30, 2009, contain a going concern qualification from its independent accounting firm, CCR LLP. |
|