Motive ( MOTV) put its third-quarter results below analysts' mean estimates, saying it expects to report a GAAP loss of 20 cents to 27 cents a share and a pro forma loss of 12 cents to 17 cents a share. The management-software provider expects to post revenue of $16.5 million to $18.5 million for the quarter. Analysts polled by Thomson First Call had been expecting pro forma earnings of 5 cents a share on revenue of $24.9 million. The stock was down $1.01, or 16.1%, to $5.25 in after-hours trading. NutriSystem ( NTRI) raised its third-quarter revenue projection to $64 million to $65 million from its previous forecast of $41 million to $43 million. The provider of weight management products also said it added 115,000 new customers for the quarter, well above its prior guidance of 65,000. Shares jumped $5.04, or 18.8%, to $31.85 after hours. La-Z-Boy ( LZB) announced that it would "significantly miss" its earnings and sales estimates for the second quarter, due to a lack of availability of polyurethane foam, a continued soft retail environment, and damage to one of its plants by a tornado spawned from Hurricane Rita. "Several TDI suppliers have communicated that because of the effects of Hurricanes Katrina and Rita they have had to declare Force Majeure, a condition which allows companies to depart from the strict terms of a contract because of an event that cannot be reasonably controlled," said Kurt Darrow, La-Z-Boy's president and CEO. TDI, or toluene diisocyanate, is a key chemical component of polyurethane foam. Trading of the shares was halted after hours. Wright Medical Group ( WMGI) said it expects third-quarter net income of 10 cents to 11 cents a share on sales of $73.4 million. The sales projection is $4 million below the low end of Wright's previous estimate, a shortfall the company attributed to a weak recovery in its domestic biologics growth rate and the effects of sales management transitions in Italy and France. For the year, Wright expects to earn 66 cents to 70 cents a share on sales of $315 million to $318 million. Analysts polled by First Call had predicted full-year earnings of 87 cents a share and revenue of $332 million. The stock fell $2.87, or 11.9%, to $21.26 in after-hours trading.
Bob Evans ( BOBE) reported that same-store sales in its core restaurants declined 4.4% from the same period a year ago. Average menu prices rose 1%. Mimi's Café same-store sales in its core restaurants rose 0.1% for September from a year earlier. Average menu prices for the month increased 1.3% at Mimi's. Bob Evans shares dropped 48 cents, or 2.1%, to $22.28 in after-hours trading. MIPS Technologies ( MIPS), a provider of industry standard process architectures, said it expects revenue for the first quarter ended Sept. 30 in the range of $11.8 million to $12 million. Analysts polled by Thomson First Call were expecting revenue of $14.7 million. "A number of our customers delayed their investment decisions, especially for deal values in excess of $1 million," said John Bourgoin, the company's president and CEO. MIPS shares declined 38 cents, or 5.8%, to $6.22 in after-hours trading. Autodesk ( ADSK) announced that it will acquire Alias, a privately held developer of 3D graphic technology, for $182 million in cash. Autodesk expects the transaction to close within the next four to six months. For its fiscal year ended June 30, Alias had revenue of $83 million. Autodesk said the acquisition will aid its expertise and offerings for the design of consumer, automotive and media products. The stock rose 3 cents to $46.50 after hours. Sovereign Bancorp ( SOV) said it expects to earn 46 cents a share for the third quarter. Core deposits are expected to grow 8% annualized from the previous quarter. Sovereign also said consumer and commercial banking fees should reach an all-time high. The stock was rose 47 cents, or 2.2%, to $22.14 in after-hours. Praxair ( PX) said the effects of hurricanes Katrina and Rita will reduce its operating profit by $15 million to $18 million, or 4 cents a share, for the third quarter. The industrial gas company maintained its prior third quarter earnings estimate of 61 cents to 64 cents a share, excluding charges. Including any charges, the company expects to earn 30 cents to 33 cents a share. The stock was unchanged at $48.64.