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Market Overview

Stocks To Watch For April 8 (STX, SGMO, TPX, EXPE, LAKE)


Some of the stocks that may grab investor focus today are:

Seagate Technology PLC (NASDAQ: STX) announced its plans to pay its first quarterly dividend of $0.18 per share. The company also projects to report Q3 revenue of around $2.7 billion, down from $3.05 billion in the year-ago quarter. However, analysts were expecting revenue of $2.62 billion for the quarter. STX shares surged 7.69% to $15.82 in after-hours trading.

Sangamo BioSciences Inc (NASDAQ: SGMO) announced its plans to sell 6.7 million shares of stock in an underwritten public offering. SGMO shares dipped 7.27% to $7.75 in the after-hours trading session.

Tempur-Pedic International Inc (NYSE: TPX) projects FQ1 earnings of $0.67 to $0.68 per share on sales of around $325 million. However, analysts projected earnings of $0.58 per share on sales of $289.1 million. The company also lifted its 2011 earnings guidance to a range of $2.80 to $2.95 per share on sales of $1.31 billion to $1.36 billion, up from its earlier earnings guidance of $2.60 to $2.75 per share on sales of $1.23 billion to $1.28 billion. TPX shares jumped 10.71% to $56.45 in after-hours trading.

Expedia Inc (NASDAQ: EXPE) announced its plans to spin off its TripAdvisor unit into a separate, publicly traded company. The company expects the transaction to be completed by the third quarter. EXPE shares jumped 13.88% to $25.51 in the after-hours trading session.

Lakeland Industries Inc (NASDAQ: LAKE) reported its Q4 net income at $1.1 million, up from $1.0 million, in the year-ago period. The company's earnings came in at $0.20 per share, compared with $0.20 per share, in the year-ago quarter. LAKE's net sales increased 0.8% y/y to $25.0 million. LAKE shares gained 0.22% to $9.15 in after-hours trading.

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