Morning Movers 4/24: DDR, SUMT, F, CHRT, ZGEN Higher; UCBH, IBKR, BLUD, IBCP, COLM Lower

April 24, 2009 10:00 AM EDT

Developers Diversified Realty Corporation (NYSE: DDR) 31.7% HIGHER; reports Q1 FFO of $0.66, 2 cents better than the analyst estimate of $0.64. Revenue for the quarter was $219.77 million, versus the consensus of $212.93 million.

UCBH Holdings, Inc. (NASDAQ: UCBH) 30.6% LOWER; reports Q1 loss of $0.78, versus the analyst estimate of ($0.24).

SumTotal(R) Systems, Inc. (NASDAQ: SUMT) 22.7% HIGHER; today announced that it has entered into a definitive merger agreement with affiliates of Accel-KKR in a transaction valued at approximately $124 million. Under the terms of the agreement, affiliates of Accel-KKR will acquire all of the outstanding shares of SumTotal common stock for $3.80 per share in cash.

Ford (NYSE: F) 19.2% HIGHER; reported a Q1 loss of $0.75 per share, well ahead of the consensus of a $1.23 loss. Revenues came in at $24.8 billion, versus the consensus of $22 billion. Ford ended the first quarter with Automotive gross cash of $21.3 billion, up from $13.4 billion. Click here for the full report.

Chartered Semiconductor Manufacturing Ltd. (Nasdaq: CHRT) 19% HIGHER; reports Q1 EPS of $0.00, versus the analyst estimate of ($0.42). Revenue for the quarter was $243.9 million, versus the consensus of $239.61 million.

Saia, Inc. (NASDAQ: SAIA) 17.2% LOWER; reports Q1 EPS of $0.47, versus the analyst estimate of ($0.06). Revenue for the quarter was $206.1 million, versus the consensus of $218.97 million.

Interactive Brokers Group Inc. (Nasdaq: IBKR) 16.3% LOWER; reports Q1 EPS of $0.30, 16 cents lower than the analyst estimate of $0.46. Revenue for the quarter was $296 million, versus the consensus of $422.50 million.

ZymoGenetics, Inc. (NASDAQ: ZGEN) 14.8% HIGHER; today reported that the administration of the investigational compound PEG-Interferon lambda in combination with ribavirin in 10 patients resulted in a significant reduction in hepatitis C virus RNA and was well tolerated in patients with relapsed HCV in an ongoing Phase 1b clinical trial. Antiviral activity was observed at all dose levels tested either as single agent or in combination with ribavirin. Treatment was well-tolerated with reversible, dose-dependent increases in liver enzyme levels and bilirubin.

Immucor, Inc. (Nasdaq: BLUD) 14.5% LOWER; today announced that it received a subpoena from the United States Department of Justice, Antitrust Division, requesting documents for the period beginning September 1, 2000 through the present, pertaining to an investigation of possible violations of the federal criminal antitrust laws in the blood reagents industry. Immucor intends to fully cooperate with the investigation.

Oriental Financial Group (NYSE: OFG) 14.3% HIGHER; reports Q1 EPS of $0.97, versus the analyst estimate of $0.51.

Cepheid (Nasdaq: CPHD) 14.1% HIGHER; reports Q1 loss of $0.05 (ex-items), 8 cents better than the analyst estimate of ($0.13). (Including items, CPHD reported a Q1 loss of $0.13 per share, in-line with estimates) Revenue for the quarter was $38.8 million, versus the consensus of $38.02 million. For the fiscal year ending December 31, 2009, the Company expects: Total revenue to be in the range of $164 to $174 million; (Consensus is $165.59 million) Net loss in the range of $(0.42) to $(0.47) per share and Non-GAAP net loss in the range of $(0.11) to $(0.17) per share. (Consensus is a loss of $0.46)

Riverbed Technology, Inc. (Nasdaq: RVBD) 14% HIGHER; reports Q1 EPS of $0.13, 3 cents better than the analyst estimate of $0.10. Revenue for the quarter was $88.5 million, versus the consensus of $85.14 million.

American Axle (NYSE: AXL) 14% HIGHER; trader higher on the back of very solid earnings from Ford.

Wilmington Trust Corporation (NYSE: WL) 14% HIGHER; reports Q1 EPS of $0.19, ex-items, versus the analyst estimate of $0.04.

Cheesecake Factory (Nasdaq: CAKE) 13.9% HIGHER; reports Q1 EPS of $0.17, 7 cents better than the analyst estimate of $0.10. Revenue for the quarter was $392.8 million, versus the consensus of $382 million.

Independent Bank Corporation (Nasdaq: IBCP) 13.6% LOWER; reports Q1 loss of $0.87, versus the analyst estimate of ($0.31).

Lear (NYSE: LEA) 11.9% HIGHER; see American Axle.

Columbia Sportswear (Nasdaq: COLM) 11.1% LOWER; reports Q1 EPS of $0.20, versus the analyst estimate of $0.07. Revenue for the quarter was $272 million, versus the consensus of $264.21 million.

NBTY (NYSE: NTY) 11.7% HIGHER; reports Q2 EPS of $0.37, 4 cents better than the analyst estimate of $0.33. Revenue for the quarter was $596 million, versus the consensus of $598.26 million. RBC also upgraded the stock to Outperform.

Starent Networks Corporation (Nasdaq: STAR) 10.7% HIGHER; reports Q1 EPS of $0.17, $0.22 adjusted, cents better than the analyst estimate of $0.16. Revenue for the quarter was $73.2 million, versus the consensus of $72.12 million.

Informatica (Nasdaq: INFA) 10.5% HIGHER; reports Q1 EPS of $0.18, 3 cents better than the analyst estimate of $0.15. Revenue for the quarter was $109.1 million, versus the consensus of $109.80 million.

Calpine Corporation (NYSE: CPN) 9.9% LOWER; announced today that Harbinger Capital Partners Master Fund I, Ltd. has agreed to sell 20,000,000 shares of the Company's common stock in a registered public secondary offering. The Company will not receive any proceeds from this offering.

Skyworks (Nasdaq: SWKS) 9.5% LOWER; reports Q1 EPS of $0.12, 2 cents better than the analyst estimate of $0.10. Revenue for the quarter was $173 million, versus the consensus of $168.19 million.

Juniper Networks (Nasdaq: JNPR) 9.2% HIGHER; reports Q1 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter was $764.2 million, versus the consensus of $764.38 million. Sees Q2 EPS of $0.16-$0.18, versus the consensus of $0.18. Sees Q2 sales of $740-$780 million, versus the consensus of $774.3 million.

PMC-Sierra, Inc. (Nasdaq: PMCS) 9.2% HIGHER; reports Q1 EPS of $0.06, ex-items, 5 cents better than the analyst estimate of $0.01. Revenue for the quarter was $102.6 million, versus the consensus of $95.76 million.

EZCORP, Inc. (Nasdaq: EZPW) 9% LOWER; reports Q1 EPS of $0.37, 1 cent better than the analyst estimate of $0.36. Revenue for the quarter was $156.266 million, versus the consensus of $156.10 million.

Data Domain, Inc. (Nasdaq: DDUP) 8.8% HIGHER; reports Q1 EPS of $0.07, 1 cent better than the analyst estimate of $0.06. Revenue for the quarter was $79.04 million, versus the consensus of $80.41 million. Sees Q2 revenues between $82-$87 million vs. $84.74 million consensus. Sees Q2 non-GAAP EPS between $0.05-$0.07 vs. consensus of $0.08.

Columbia Sportswear (Nasdaq: COLM) 8.8% LOWER; reports Q1 EPS of $0.20, versus the analyst estimate of $0.07. Revenue for the quarter was $272 million, versus the consensus of $264.21 million. Susquehanna also downgraded the stock to Negative.

American Express Company (NYSE: AXP) 8.5% HIGHER; reports Q1 EPS of $0.32, which may not compare to the analyst estimate of $0.12. Revenue for the quarter was $5.9 billion, versus the consensus of $6.45 billion.

Cybersource Corporation (Nasdaq: CYBS) 8.5% LOWER; reports Q1 non-GAAP EPS of $0.18, 3 cents better than the analyst estimate of $0.15. Revenue for the quarter was $60.5 million, versus the consensus of $60.39 million. Sees Q2 revenues between $61.0-$61.5 million vs. consensus of $63.23 million. Sees Q2 non-GAAP EPS of $0.16 vs. consensus of $0.17. Total revenue for 2009 is expected to be between $258.0-$263.0 million vs. $261.34 million consensus. Sees FY09 non-GAAP EPS between $0.72-$0.74 vs. $0.72 consensus.

Mohawk Industries, Inc. (NYSE: MHK) 8.4% HIGHER; reports Q1 loss of $1.55, may not compare to the analyst estimate of ($0.85). Revenue for the quarter was $1.2 billion, versus the consensus of $1.38 billion. Sees Q2 EPS 43c to 52c versus $0.27 cents.

Align Technology (Nasdaq: ALGN) 8.3% HIGHER; reports Q1 EPS of $0.05, 7 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $70.1 million, versus the consensus of $67.16 million. For Q2, Align Technology expects net revenues to be in a range of $67.5 million to $70.5 million. (Consensus is $69.38M) Non-GAAP earnings per diluted share for Q2 09 is expected to be in a range of $0.01 to $0.02. (Consensus is $0.00 or breakeven)

Digi International Inc. (Nasdaq: DGII) 8.3% LOWER; reports Q2 non-GAAP EPS of $0.03, in-line with the analysts estimate of $0.03. Revenue for the quarter was $40.1 million, versus the consensus of $41.77 million. Digi sees Q3 revenues between $42-$48 million vs. consensus of $44.49M. Sees Q3 non-GAAP EPS between $0.06 to $0.11 vs. consensus of $0.07. Digi sees FY09 revenues between $165-$175 million vs. consensus of $174.77M. Sees FY09 non-GAAP EPS between $0.16 to $0.26 vs. consensus of $0.23.

CardioNet (Nasdaq: BEAT) 7.9% LOWER; Jefferies & Co initiates coverage on BEAT with an Underperform rating.

Schlumberger (NYSE: SLB) 7.6% HIGHER; reports Q1 earnings of $0.78 per share, ex-items, above the consensus of $0.73. Revenues came in at $6 bbillion, versus the consensus of $6.04 billion.

AmeriCredit Corp. (NYSE: ACF) 7.1% HIGHER; reports Q1 EPS of $0.07, versus the analyst estimate of ($0.30).

Lattice Semiconductor (Nasdaq: LSCC) 7.1% LOWER; reports Q1 loss of $0.03, 1 cent better than the analyst estimate of ($0.04). Revenue for the quarter was $43.3 million, versus the consensus of $42.91 million. Sees Q2 revs +/-5%, sequentially.

Seattle Genetics (Nasdaq: SGEN) 6.5% HIGHER; reports Q1 loss of $0.33, 4 cents lower than the analyst estimate of ($0.29). Revenue for the quarter was $9.1 million, versus the consensus of $8.69 million.

Bucyrus International, Inc. (Nasdaq: BUCY) 6.5% HIGHER; reports Q1 EPS of $0.76, versus the analyst estimate of $0.68. Revenue for the quarter was $605.7 million, versus the consensus of $561.81 million.

Sunpower (Nasdaq: SPWRA) 6.5% LOWER; reports Q1 EPS of $0.05, 19 cents lower than the analyst estimate of $0.24. Revenue for the quarter was $214 million, versus the consensus of $269 million. Sunpower sees FY09 revenues $1.3B to $1.7B versus $1.56 billion consensus. Sees FY09 EPS $1.25 to $1.75 versus $1.90 consensus.

Synaptics Incorporated (Nasdaq: SYNA) 6.2% HIGHER; reports Q3 EPS of $0.38, ex-items, 5 cents better than the analyst estimate of $0.33. Revenue for the quarter was $100.6 million, versus the consensus of $93.70 million. Sees Q4 sales of $105-$115 million, versus the consensus of $102.4 million.

Microsoft (Nasdaq: MSFT) 4.8% HIGHER; reports Q1 EPS of $0.39, ex-items, in-line with the analyst estimate of $0.39. Revenue for the quarter was $13.7 billion, versus the consensus of $14.09 billion.

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