Morning Movers 5/12: AGM, BKUNA, CNB, STEC, ATSG, KNXA Higher; DSTI, CTFO, CVU, AIPC, GM Lower

May 12, 2009 10:03 AM EDT

Farmer Mac (NYSE: AGM) 71.6% HIGHER; reports Q1 EPS of $3.31, compared to a loss of $0.84 in the same quarter last year.

BankUnited (Nasdaq: BKUNA) 48.4% HIGHER; according to sources close to the situation, John Kanas, North Fork Bancorp’s former CEO, is leading a bid by Carlyle Group, Blackstone Group LP and WL Ross & Co., to acquire BankUnited Financial Corp. Shares of BKUNA spiked more than 30% intraday yesterday on the rumors.

Colonial BancGroup (NYSE: CNB) 36.8% HIGHER; continuing its extremely momentous run today. Since Wednesday of last week, shares have risen everyday, gaining nearly 230% in just 5 trading days.

STEC, Inc. (Nasdaq: STEC) 34.6% HIGHER; reports Q1 EPS of $0.17, 6 cents better than the analyst estimate of $0.11. Revenue for the quarter was $63.5 million, versus the consensus of $58.95 million. STEC sees Q2 EPS 20c to 22c versus consensus of 10 cents. Sees Q2 revenue $68M to $70M versus consensus $58.95 million.

Air Transport Services Group, Inc. (NASDAQ: ATSG) 33.8% HIGHER; reports Q1 EPS of $0.18, compared to $0.06 in the same quarter last year. Revenue for the quarter was $280.6 million, versus $382.1 million in Q108.

Kenexa (Nasdaq: KNXA) 33.1% HIGHER; reports Q1 EPS of $0.14, ex-items, in-line with the analyst estimate of $0.14. Revenue for the quarter was $38.8 million, versus the consensus of $39.05 million. Sees Q2 sales of $36-$39 million with adj-EPS of $0.13-$0.16. The Street is currently expecting Q2 sales and EPS of $38.71 million and $0.16, respectively. Also upgraded at Oppenheimer and KeyBanc. Click here to see color from the KeyBanc report.

Cano Petroleum, Inc. (NYSE: CFW) 32.4% HIGHER; reports Q1 loss of $0.03, 4 cents better than the analyst estimate of ($0.07). Revenue for the quarter was $3.87 million, versus the consensus of $5.28 million.

DayStar Technologies, Inc. (Nasdaq: DSTI) 29.1% LOWER; reports Q1 loss of $0.23, 2 cents better than the analyst estimate of ($0.25).

Angiotech Pharmaceuticals, Inc. (NASDAQ: ANPI) 28.3% HIGHER; today announced its corporate partner, Boston Scientific Corporation (NYSE: BSX), has welcomed the publication of an article in the current edition of the Journal of the American College of Cardiology reviewing data on more than 19,000 patients from the Swedish national registry who were evaluated for restenosis, or the re-narrowing or arteries after percutaneous coronary intervention. Click here for the full report.

Foundation Coal Holdings, Inc. (NYSE: FCL) 27.7% HIGHER; Alpha Natural Resources, Inc. (NYSE: ANR) and Foundation signed a definitive agreement under which the two companies will merge in an all-stock transaction, creating one of America's foremost coal producers. Based on the closing price of Alpha on May 8, 2009, consideration received by Foundation stockholders was valued at $32.73 per share. Click here for the full report.

SeraCare Life Sciences, Inc. (NASDAQ: SRLS) 26.3% HIGHER; reports Q2 loss of $0.03, including items, so does not compare to the analyst estimate of $0.00. Revenue for the quarter was $10.9 million, versus the consensus of $4.86 million.

China TransInfo Technology Corp. (Nasdaq: CTFO) 22.9% LOWER; reports Q1 EPS of $0.07, 3 cents lower than the analyst estimate of $0.10. Revenue for the quarter was $6.5 million, versus the consensus of $8.51 million.

Hurray! Holding Co. (Nasdaq: HRAY) 22.8% HIGHER; Best Prospect Overseas sent a letter to Hurray!'s shareholders showing support for change among the company's execs. Click here to see the full letter.

O'Charley's (Nasdaq: CHUX) 22.4% HIGHER; reports Q1 EPS of $0.34 versus the analyst estimate of ($0.01). Revenue for the quarter was $291.65 million, versus the consensus of $282.77 million.

CPI Aerostructures, Inc. (Amex: CVU) 21.9% LOWER; reports Q1 EPS of $0.09, 4 cents lower than the analyst estimate of $0.13. Revenue for the quarter was $9.69 million, versus the consensus of $10.26 million.

Ctrip.com International, Ltd. (Nasdaq: CTRP) 21.3% HIGHER; reported Q1 EPS of $0.32, well above the analyst estimate of $0.21. Revenue for the quarter was $59 million, versus the consensus of $53.91 million. Ctrip.com sees Q2 revenue growth of 10%-15%. The stock was also upgraded to Buy at Deutsche Bank.

Nelnet, Inc. (NYSE: NNI) 19.1% HIGHER; reports Q1 EPS of $0.64, ex-items, versus the analyst estimate of $0.20.

American Italian Pasta Company (NASDAQ: AIPC) 18.7% LOWER; reports Q2 EPS of $1.21, versus the analyst estimate of $0.75. Revenue for the quarter was $162.3 million, versus the consensus of $163.43 million.

Callon Petroleum Company (NYSE: CPE) 17.8% HIGHER; reports Q1 EPS of $0.11, cents better than the analyst estimate of ($0.07). Revenue for the quarter was $24.8 million, versus the consensus of $22.42 million.

Fossil (Nasdaq: FOSL) 17.4% HIGHER; reports Q1 earnings of $0.26 per share, above the consensus of $0.16. Revenues came in at $323 million, versus the consensus of $324.3 million. Sees Q2 EPS of $0.18-$0.20 versus the consensus of $0.16. Sees FY09 EPS of $1.50-$1.70 versus the consensus of $1.45.

General Motors (NYSE: GM) 17.4% LOWER; shares are sinking today following numerous insider sells disclosed last night after the close. Click here for the full report.

Great Atlantic & Pacific Tea (NYSE: GAP) 15.3% LOWER; reports Q1 EPS of ($3.33) versus the analyst estimate of ($0.31). Revenue for the quarter was $2.28 billion, versus the consensus of $2.3 billion.

Emcore (Nasdaq: EMKR) 14.9% LOWER; reports Q2 loss of $0.18, 4 cents below the analyst estimate of ($0.14). Revenue for the quarter was $43.3 million, versus the consensus of $50.68 million.

Compton Petroleum Corporation (NYSE: CMZ) 14.3% LOWER; reports Q1 loss of $0.14, compared to a gain of $0.01 in the same quarter last year. Revenue for the quarter was $68.899 million, versus $160.699 million in Q108.

tw telecom inc. (Nasdaq: TWTC) 14.1% HIGHER; reports Q1 EPS of $0.02, 4 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $297.6 million, versus the consensus of $295.11 million.

Winn-Dixie Stores, Inc. (NASDAQ: WINN) 13.8% HIGHER; reports Q3 EPS of $0.30, 18 cents better than estimates. Revenues were $1.7 billion vs. $1.72 billion consensus.

Cell Therapeutics, Inc. (Nasdaq: CTIC) 13% LOWER; announced that that its Board of Directors has authorized a "Modified Dutch Auction" tender offer and that it intends to exchange shares of its common stock, no par value, and cash for up to approximately an aggregate of $89.2 million principal amount for the following outstanding shares of the Company's convertible notes: --4% Convertible Senior Subordinated Notes due 2010 -- 5.75% Convertible Senior Notes due 2011 -- 6.75% Convertible Senior Notes due 2010 -- 7.5% Convertible Senior Notes due 2011 -- 9% Convertible Senior Notes due 2012. Click here for the full report.

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• Deutsche Bank
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• The Carlyle Group
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