Scotts Miracle-Gro plunges on warning
Jon "DRJ" Najarian | firstname.lastname@example.org
Weak Demand at Season's Peak
The lawn-care product maker is plunging after reporting that its full-year guidance would come in lower than projected. The company had estimated that fiscal 2012 sales would grow 6 percent to 8 percent and that adjusted earnings would come in at $2.65 to $2.85 per share. But management said demand lagged among its largest retail partners in May, the peak of gardening season. SMG is falling 16.31 percent to $36.03 this morning.
Dell Gains With First Dividend
Shares of the beaten-down computer maker rose after it announced an $0.08-per-share quarterly dividend, the first in the company's history. The news comes after the stock hit a new 52-week intraday low of $11.68 during yesterday's session. DELL is up 3 percent to $12.33 on tradeMONSTER's extended-hours platform.
Casey's General Stores Sells Off
The convenience-store operator fell sharply after reporting quarterly results in yesterday's post-market. Fourth-quarter earnings came in at $0.60 per share, missing the consensus forecast of $0.67 EPS. The company blamed the shortfall on higher expenses and lower margins on gasoline. CASY is indicated down 5.36 percent to $56.70.
Endeavor Declines on Stock Sale
The independent oil and natural gas company is trading lower after announcing an underwritten public offering of common stock to finance development operations. The company did not disclose the number of shares it would offer for sale. END is down 6.08 percent to $7.73 this morning.