Pre-Open Movers 5/16: Pharmacopeia (PCOP) Up on Positive Drug Data, Dynavax (DVAX) Lower on Drug Data

May 16, 2008 9:28 AM EDT

StreetInsider.com Pre-Open Movers:

Pharmacopeia (Nasdaq: PCOP) 42% HIGHER; announced that PS433540, its first-in-class Dual Acting Receptor Antagonist (DARA), showed statistically significant blood pressure reductions in a Phase 2a study in patients with mild to moderate hypertension.

Dynavax Technologies Corporation (Nasdaq: DVAX) 18% LOWER; reported primary endpoint data from a chamber study of TOLAMBA that showed a measurable clinical benefit, reducing total nasal symptom score by 41% vs. placebo in 253 patients in the intent-to-treat population (p=0.09) and by 51% vs. placebo in 222 patients in the per-protocol population (p=0.053). Statistical significance on the primary efficacy endpoint (change in TNSS for the intent-to-treat population) for this Phase 2b environmental exposure chamber study was not achieved.

Noah Education Holdings, Ltd. (NYSE: NED) 17% HIGHER; reports Q3 revenues rose 8.5% to US$26.3 million and EPS of $0.20, veruss $0.05 last year. Noah expects its total net revenue for the fourth quarter of fiscal year 2008 (April 1, 2008 to June 30, 2008) to grow in the range of 16% to 18%, compared to the corresponding period last year. Noah expects net income growth in the fourth fiscal quarter 2008 in the range of 350% to 400%, as compared to the corresponding period last year. In addition, The Company has raised it forecast for total net profit for full fiscal year 2008 to be in the range of RMB128 million to RMB130 million. This forecast reflects Noah's current and preliminary view, which is subject to change.

Hoku Scientific, Inc. (Nasdaq: HOKU) 15% HIGHER; announcing the Hawaii Public Utilities Commission has approved a contract for Hawaiian Electric Company to purchase power from a photovoltaic (PV) power system that Hoku Solar, Inc., will install on the roof of Archer Substation at Hawaiian Electric's Ward Avenue facility.

KongZhong Corporation (NASDAQ: KONG) 12% LOWER; reports Q1 EPS of $0.03, 2 cents worse than estimates. Revenues were $21.39 million vs. $21.28 million consensus.

Spreadtrum Communications (Nasdaq: SPRD) 10% LOWER; reports Q1 EPS of $0.06, in-line with the analyst estimate of $0.06. Revenues for the quarter were $39.5 million, versus the consensus of $39.39 million.

Advance Auto Parts (NYSE: AAP) 10% HIGHER; reports Q1 EPS of $0.86, 8 cents better than the analyst estimate of $0.78. Revenues for the quarter were $1.53 billion, versus the consensus of $1.51 billion. Issues a $250 million buyback. Also, declares 6c quarterly dividend

UTStarcom (Nasdaq: UTSI) 6.3% HIGHER; reports Q1 EPS of $0.21, versus the analyst estimate of ($0.10) and compared to a $0.45 loss in the same quarter last year. Revenues for the quarter were $586 million, versus the consensus of $549.55 million. Sees Q2 revs in the range of $580-$610 million, versus the consensus of $593.85 million. This level of revenues would represent growth of 8-13% compared to the same period last year.

Amylin Pharmaceuticals Inc. (Nasdaq: AMLN) 6% HIGHER; Carl Icahn's Icahn Capital latest 13F shows he built a stake in Amylin Pharmaceuticals. Icahn showed a new 6,339,653 share stake in AMLN.

Mentor (NYSE: MNT) 5.6% LOWER; reports Q1 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenues for the quarter were $99.4 million, versus the consensus of $93.75 million.

Giant Interactive Group Inc. (NYSE: GA) 5% LOWER; reports Q1 EPS of $0.20, 4 cents better than estimates. Revenues were US$67.3 million vs. $63.13 million consensus. Second Quarter 2008 Guidance -- Based on the current outlook, Giant expects to generate total net revenues for the second quarter in the range of RMB495 million to RMB505 million (approx US$70 million). (Consensus is $67.53 million)

Concur Technologies, Inc. (Nasdaq: CNQR) 4.8% LOWER; CS downgrades to Neutral

BMC Software (NYSE: BMC) 4.3% HIGHER; reports Q4 EPS of $0.63 ex-items, 12 cents better than the analyst estimate of $0.51. Revenues for the quarter were $467 million, versus the consensus of $460.27 million. Sees FY09 EPS $2.10-$2.20 versus $2.09 consensus.

RadioShack (NYSE: RSH) 4% HIGHER; Goldman Sachs upgrades to Buy

Nordstrom (NYSE: JWN) 2.7% HIGHER; reports Q1 EPS of $0.54, 5 cents better than the analyst estimate of $0.49. Revenues for the quarter were $1.88 billion, versus the consensus of $1.90 billion. Sees FY08 EPS of $2.65-$2.80, versus prior guidance of $2.75-$2.90, versus the consensus of $2.76.

Starbucks Corp. (Nasdaq: SBUX) 2.7% HIGHER; Nelson Peltz Trian Partners latest 13F show the group has a new stake in Starbucks

Kohl's Corp. (NYSE: KSS) 2% LOWER; reports Q1 EPS of $0.49, 5 cents better than the analyst estimate of $0.44. Revenues for the quarter were $3.6 billion, versus the consensus of $3.63 billion. Sees Q2 EPS of $0.70-$0.74, versus the consensus of $0.72. Sees FY08 EPS of $2.95-$3.15, versus the consensus of $3.11.

Urban Outfitters Inc. (Nasdaq: URBN) 2% LOWER; Lehaman and Stifel downgrade the stock

Regions Financial Corp. (NYSE: RF) 2% LOWER; Merrill cuts to Sell

VeriChip Corporation (NASDAQ: CHIP) INDICATED HIGHER; entered into a definitive stock purchase agreement with The Stanley Works (NYSE: SWK) for the sale of its wholly-owned Canadian subsidiary, Xmark Corporation, for $45 million in cash.

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