Unusual 11 Mid-Day Movers 4/30: VM, BWLD, GMKT, RSYS Higher; KRY, GRZ, SVVS Lower

April 30, 2008 12:43 PM EDT

Crystallex International Corp. (AMEX: KRY) 42.3% LOWER; Venezuela denied a request for the authorization to affect natural resources to carry out exploration activities in the mining area of Las Cristinas in Sifontes, Bolivar State.

Gold Reserve (AMEX: GRZ) 30.7% LOWER; actually started the day moving higher, but sunk on the Crystallex news.

Virgin Mobile (NYSE: VM) 32% HIGHER; shares of Virgin are surging on no news. With about 40% of its float shorted at the beginning of April, today's correction may be the result of short seller's covering their downside bets ahead of the company's earnings report, which is expected to be released on Monday, May 5.

SAVVIS Inc. (Nasdaq: SVVS) 23.7% LOWER; reported last night a Q1 loss of $0.08, 5 cents better than the analyst estimate of ($0.13). Revenues for the quarter were $203.3 million, versus the consensus of $207.65 million. Sees FY08 revs in the range of $840-$870 million, versus the consensus of $906.46 million. Also, SAVVIS was downgraded at Lehman Brothers, Jefferies, Goldman and Kaufman this morning.

Corus Bankshares (Nasdaq: CORS) 22.6% LOWER; last night announced that it would eliminate its quarterly dividend. Corus reported Q1 EPS of $0.08, versus the analyst estimate of $0.21.

Buffalo Wild Wings (Nasdaq: BWLD) 22% HIGHER; reports a Q1 EPS of $0.36, in-line with analyst estimate of $0.36. Revenues for the quarter came in at $97.3 million, versus the consensus of $96.5 million. Also, KeyBanc upgraded the stock from Hold to Buy this morning.

Gmarket (Nasdaq: GMKT) 21% HIGHER; reports Q1 EPS of $0.21, 1 cent better than the analyst estimate of $0.20. Revenues for the quarter were $65.4 million, versus the consensus of $72.38 million.

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RadiSys Corporation (Nasdaq: RSYS) 20.8% HIGHER; reports Q1 EPS of $0.00, 1 cents better than the analyst estimate of ($0.01). Revenues for the quarter came in at $86 million, versus the consensus of $79.75 million.

Align Technology (Nasdaq: ALGN) 20.2% HIGHER; reports Q1 EPS of $0.07, 4 cents better than the analyst estimate of $0.03. Revenues for the quarter came in at $74.8 million, versus the consensus of $72.02 million. For the second quarter 2008 (Q2 08), Align Technology expects net revenues to be in a range of $78.5 million to $81.5 million. Earnings per diluted share for Q2 08 is expected to be in a range of $0.04 to $0.06. (Consensus is $81.69 million and $0.10, respectively). For fiscal 2008, the Company remains comfortable with its prior outlook. $50M buyback.

Lithia Motors, Inc. (NYSE: LAD) 18.6% HIGHER; reports a Q1 loss of $0.03, 4 cents better than the analyst estimate of ($0.07). Revenues for the quarter came in at $699.3 million, versus the consensus of $745.92 million. Also, Raymond James upgraded the stock to Market Perform.

Chicago Bridge & Iron (NYSE: CBI) 16.6% LOWER; reports Q1 EPS of $0.43, 11 cents lower than the analyst estimate of $0.54. Revenues for the quarter came in at $1.4 billion, versus the consensus of $1.4 billion.

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Related Entities

• KeyBanc
• Raymond James
• Jefferies & Co
• Lehman Brothers
• Scopia Capital

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