StreetInsider.com Unusual 11 Mid-Day Movers 02/27/2007
Threshold Pharmaceuticals (Nasdaq: THLD) 56.7% LOWER; Company announced that a Phase 3 trial of glufosfamide did not show a statistically significant improvement in overall survival compared to best supportive care (BSC) in patients with metastatic pancreatic cancer who had relapsed after gemcitabine chemotherapy.
Vasogen Inc. (Nasdaq: VSGN) 21% HIGHER; Rodman & Renshaw initiate coverage on the stock with a Market Outperform.
Shuffle Master (NASDAQ: SHFL) 17.5% LOWER; Sees first quarter revenue of approximately $35.0 - $38.0 million, versus the consensus of $49.3 million.
RadioShack (NYSE: RSH) 14% HIGHER; Reports Q4 earnings of $0.62 per share, which may not compare to the consensus of $0.42. Revenues came in at $1.46 billion versus the consensus of $1.47 billion. Sees FY07 EPS of $1.00-$1.20, which may not compare to the consensus of $0.90.
CBRE Realty Finance (NYSE: CBF) 13% LOWER; Reports Q4 FFO of $0.19, 4 cents worse than estimates. For fiscal year 2007, the Company expects to generate AFFO per diluted share between $1.10 to $1.20 vs. consensus of $1.28.
AsiaInfo Holdings Inc. (Nasdaq: ASIA) 12.4% LOWER; Shares are lower after Asian markets got clobbered overnight on fears over the possible slowdown in the Chinese economy.
Syneron Medical Ltd. (Nasdaq: ELOS) 11% HIGHER; The company and Procter & Gamble (NYSE: PG) signed an exclusive joint development and supply agreement for the commercialization of patented, elos(TM) based, home-use devices and compositions for the enhancement of skin appearance through the treatment of fine lines, wrinkles, age and sun spots and cellulite.
Marvell Technology (Nasdaq: MRVL) 6.4% HIGHER; Reports Q4 revenues of $622.0 million vs. $624.61 million consensus. Net revenue for fiscal 2007 was $2,237.6 million, an increase of 34% over net revenue of $1,670.3 million in fiscal 2006.
Brocade Communications (Nasdaq: BRCD) 6.3% HIGHER; Reports Q1 GAAP EPS of $0.12, $0.17 ex-items, versus the consensus of $0.13. Revenues came in at $224.2 million versus the consensus of $214.8 million. To buyback an additional $200 million in stock.
Novastar Financial (NYSE: NFI) 6% HIGHER; Subprime lender rebounding slightly after losing approx. 50% market-cap in the past 5 trading sessions.
Questar Corporation (NYSE: STR) 3.4% HIGHER; The Company's subsidiary, Questar Exploration and Production Company, reports unusually strong performance of the Trail 13C- 15J well in the Vermillion Basin in southwest Wyoming.
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