Unusual 11 Mid-Day Movers 10/29: GIGA, REV, GKK, TBL Higher; TSPT, CPF, KSP, CYTK Lower

October 29, 2009 1:15 PM EDT

Transcept Pharmaceuticals (Nasdaq: TSPT) 48.7% LOWER; the stock is getting slammed this morning after the FDA asked for additional information on its New Drug Application for Intermezzo, which may require them to conduct one or more additional safety studies. Shares are down 45 percent. Click here for the full report.

Central Pacific Financial Corp. (NYSE: CPF) 36.2% LOWER; reports Q3 loss of $2.54, versus the analyst estimate of ($0.36).

Giga-tronics Incorporated (NASDAQ: GIGA) 35.2% HIGHER; reports Q3 non-GAAP EPS of $0.15, compared to $0.22 in the same quarter last year. Revenue for the quarter was $4.62 million, versus $3.69 million in Q308.

Revlon, Inc. (NYSE: REV) 33.3% HIGHER; reports Q3 EPS of $0.45, which does not compare to the analyst estimate of ($0.16). Revenue for the quarter was $326.2 million, which compares to the estimate of $313.50 million.

Gramery (NYSE: GKK) 29% HIGHER; correcting today after two days of double-digit-percentage losses on Tuesday and Wednesday. Could be moving higher on strong earnings across the group.

The Timberland Company (NYSE: TBL) 28.1% HIGHER; reports Q3 EPS of $0.68, versus the analyst estimate of $0.45. Revenue for the quarter was $421.77 million, which compares to the estimate of $386.28 million.

Radio One, Inc. (Nasdaq: ROIAK) 27% HIGHER; reports Q3 EPS of $0.25, compared to a loss of $2.81 in Q308. Revenue for the quarter was $75.50 million, compared to $86.16 million in the same quarter last year.

K-Sea Transportation (NYSE: KSP) 18.9% LOWER; continuing lower today following Q1 results yesterday morning. The stock was downgraded two-notches to Underperform at Wells Fargo today.

PMI Group (NYSE: PMI) 18.7% HIGHER; the mortgage and life insurers are moving sharply higher today following solid earnings from Lincoln National (NYSE: LNC).

Cytokinetics, Inc. (NASDAQ: CYTK) 17.8% LOWER; reports Q3 loss of $0.14, versus the analyst estimate of ($0.22). Revenue for the quarter was $5.5 million, which compares to the estimate of $2.93 million.

First Solar, Inc. (NASDAQ: FSLR) 16.4% LOWER; reports Q3 EPS of $1.79, 6 cents better than the analyst estimate of $1.73. Revenue for the quarter was $480 million, which compares to the estimate of $528.78 million. Sees FY09 Revs of $1.975 - $2.025 billion, versus $2 billion previously. The stock was downgraded at Wedbush, BofA and Caris this morning.

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

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