The stock was last quoted at $20.40, up 5.6%, on volume of around 26,000, according to Nasdaq.com. Based on a regular session close at $19.31, the shares are down more than 5% in the past 52 weeks. Immucor enjoyed an increase in gross margin in the latest quarter to 71.6% from 70.4% in the same period a year earlier but took a measured view of its performance and expressed some caution about the business environment. "On the whole, our second quarter performance was in line with our expectations," said Gioacchino De Chirico, the president and CEO, in a statement. "We continue to see weakness in the U.S. market due to the macroeconomic environment, which is impacting both our reagent revenue and instrument orders." For fiscal 2011, Immucor said it expects earnings of $1.08 to $1.18 a share on revenue ranging from $320 million to $332 million. The current analyst view is for a profit of $1.13 a share on revenue of $326.2 million for the year ending in May.
Saba SoftwareSaba Software ( SABA) was a big decliner in after-hours action after the Redwood Shores, Calif.-based provider of human resources and training applications reported disappointing quarterly results. The company posted a non-GAAP
Borders GroupBorders Group ( BGP) was once again seeing heavy action in extended trading, rising 17% to $1.01 on volume of 1.4 million. The struggling bookseller has been working to refinance a hefty debt load and the Wall Street Journal reported on Thursday it was engaged in talks with restructuring advisors, including Jefferies & Co. The article said the company is also in discussions with one of its lenders, GE Capital, about entering a new debt agreement to replace its existing senior credit facility. The WSJ also said GE Capital had asked Borders to explore which of its vendors would be willing to delay receiving some payments from the company.
Borders, which counts William Ackman's hedge fund firm Pershing Square Capital Management as its biggest investor with a stake of 41.8% stake, had a debt net of cash balance of $331.1 million as of Sept. 30. Based on a regular session close at 86 cents on Thursday, the stock had lost 26% since reports first surfaced of the company delaying vendor payments.