Unusual 11 Mid-Day Movers 12/11: CEA, CRTX, DIOD, PDO Higher; GIL, EMKR, ISYS, HL Lower

December 11, 2008 12:30 PM EST

Highlights the largest percentage gainers and losers so far in today's trading session:

China Eastern Airlines Corporation Limited (NYSE: CEA) 57.2% HIGHER; announced that the Company's ADSs on the New York Stock Exchange resumed trading this morning, following the release of an announcement of the Company, the nature of which was price-sensitive.

Cornerstone Therapeutics Inc. (Nasdaq: CRTX) 43.1% HIGHER; today provided an update on the status of its integration activities following the closing of the business combination of Critical Therapeutics, Inc. and Cornerstone BioPharma Holdings. Here is the full news report. Sees FY08 sales in excess of $64 million.

Diodes Incorporated (Nasdaq: DIOD) 36% HIGHER; announced its updated guidance for the fourth quarter of 2008 and the repurchase of $46.5 million of its $230 million 2.25% Convertible Senior Notes due 2026 for approximately $23.2 million in cash. Sees Q4 revenues between $88 million to $93 million. (Consensus is $113.21 million) Sees Q4 non-GAAP earnings per share to range between $0.04 and $0.08. (Consensus is $0.15)

Pyramid Oil (AMEX: PDO) 34.7% HIGHER; Theeeeeeyy'rrrrree baaaaaaaack! With oil bouncing off near-term lows around $40, the speculative oil plays are coming back into favor. Oil is up nearly 8% today to $46.92. Mexco Energy (AMEX: MXC) is up 24.5% and Fieldpoint Petroleum (AMEX: FPP) is up 9%. In the summer, when oil was breaking through all-time highs left and right, these AMEX stocks absolutely surged as oil's surge was constantly blamed on "speculators" during the time.

Gildan Activewear Inc. (NYSE: GIL) 33.5% LOWER; reports Q4 adj-EPS of $0.41, 2 cents lower than the analyst estimate of $0.43. Revenue for the quarter was $324.7 million, versus the consensus of $341.36 million. Sees Q1 EPS of $0.00-$0.05, versus the consensus of $0.27. For FY09, Gildan sees EPS of $1.10-$1.30, versus the Street estimate of $1.45.

Emcore (Nasdaq: EMKR) 33.1% LOWER; reports Q4 loss of $0.12, ex-items, versus the analyst estimate of ($0.01). Revenue for the quarter was $60.6 million, versus the consensus of $75.96 million.

American Italian Pasta Company (Nasdaq: AIPC) 27% HIGHER; reports Q3 EPS of $0.36, versus the analyst estimate of $0.20. Revenue for the quarter was $162.1 million, versus the consensus of $154.10 million.

Integral Systems, Inc. (Nasdaq: ISYS) 25.4% LOWER; reports preliminary Q4 sales of about $46 million, versus the Street estimate of $36.1 million. Net income for the quarter was about $7 million. For FY08, sales were about $160 million, compared to the consensus of $160.06 million. Net income for the year was $25 million.

Hecla Mining Company (NYSE: HL) 24.9% LOWER; today announced it has entered into a definitive agreement to sell securities to selected institutional investors for aggregate gross proceeds of $21 million.

lululemon athletica inc. (NASDAQ: LULU) 23.5% LOWER; reports Q3 EPS of $0.13, 1 cent better than the analyst estimate of $0.12. Revenue for the quarter was $87 million, versus the consensus of $86.50 million. Citing "trends in the macro environment and the weaker Canadian dollar, which are both negatively impacting our business results", lulu lowered its Q4 sales guidance to $90-$95 million, versus the consensus of $130.40 million, with EPS now expected to be in the range of $0.15-$0.17, versus the Street estimate of $0.26. For FY08, lululemon sees sales of $340-$345 million and EPS of $0.55-$0.57.

Amylin Pharmaceuticals, Inc., (Nasdaq: AMLN) 17.4% HIGHER; Amylin, Eli Lilly (NYSE: LLY) and Alkermes, Inc. (Nasdaq: ALKS) announced that the FDA recently indicated that the ongoing extension of the DURATION-1 study is appropriate to use as the basis for demonstrating comparability between intermediate-scale clinical trial material made in Alkermes' manufacturing facility, and commercial-scale drug product made at Amylin's manufacturing facility.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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