Unusual 11 Mid-Day Movers 7/25: IFC, USS, RCKY, UCBH Higher; CROX, INSW, CPHD, AFFX Lower

July 25, 2008 12:21 PM EDT

StreetInsider.com Unusual 11 Mid-Day Movers:

CROCS Inc. (Nasdaq: CROX) 44.9% LOWER; sees Q2 EPS of $0.03-$0.07, versus the consensus of $0.41. Sees Q2 revs of $195-$205 million, versus the consensus of $248.1 million. Sees Q3 EPS $0.01-$0.05, versus the consensus of $0.57. Sees Q3 revs of $195-$205 million, versus the consensus of $282.3 million.

InsWeb Corp. (NASDAQ: INSW) 39% LOWER; reports a Q2 loss of $0.21, versus a $0.04 gain in Q207. Revenues for the quarter were $8.8 million, compared to $8.1 million in the same quarter last year.

Cepheid (Nasdaq: CPHD) 33.8% LOWER; reports a Q2 non-GAAP loss of $0.06, in-line with the analyst estimate of ($0.06). Revenues for the quarter were $42.1 million, versus the consensus of $44.76 million. Sees FY08 revenue in the range of $173 to $177 million vs. $190.08 million consensus. Sees FY08 non-GAAP EPS between $(0.07) to $(0.10) vs. $(0.18) consensus.

Irwin Financial Corporation (NYSE: IFC) 32.2% HIGHER; announced transactions that, when completed in the third quarter, will accomplish a strategic restructuring of the Corporation and Irwin Union Bank. The restructuring will cap Irwin's remaining exposure to the national home equity lending business, which has been a principal driver of recent losses. IFC also entered into agreements to sell its small-ticket leasing business in Canada to RoyNat Inc., a subsidiary of Scotiabank Group, and in the United States to Equilease Financial Services, Inc. for $600 million prior to associated costs.

U.S. Shipping Partners (NYSE: USS) 30.1% HIGHER; General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE: GD) announced yesterday that it has began construction of the third ship in its series of nine product carriers. U.S. Shipping is expected to receive delivery of the ship during Q409.

Affymetrix (Nasdaq: AFFX) 19% LOWER; reports a Q2 loss of $0.05, 10 cents lower than the analyst estimate of $0.05. Revenues for the quarter were $86.9 million, versus the consensus of $92.15 million.

Rocky Brands, Inc. (Nasdaq: RCKY) 27.7% HIGHER; reports Q2 EPS of $0.13, 31 cents better than the analyst estimate of ($0.18). Revenues for the quarter were $60.5 million, versus the consensus of $59.15 million.

UCBH Holdings, Inc. (Nasdaq: UCBH) 19.8% HIGHER; reports Q2 EPS of $0.07, in-line with the analyst estimate of $0.07. Chairman, President and Chief Executive Officer, Thomas S. Wu said, “While the banking environment remained challenging in the second quarter, we were pleased with the improvements in several of our key financial metrics including strong core earnings growth. While our diluted earnings per share were $0.07 for the second quarter of 2008, our core earnings per share would have been $0.14 without the effect of the accounting rules adjustment, which governs the recording of other than temporary impairment charges..."

International Coal Group (NYSE: ICO) 18.8% HIGHER; the majority of the coal industry is seeing sharp moves to the upside today. Elsewhere in the sector: Peabody Energy (NYSE: BTU) up 7.8%, Arch Coal (NYSE: ACI) up 10%, Massey Energy (NYSE: MEE) up 14.7%, James River Coal (Nasdaq: JRCC) up 12.8%.

AngioDynamics (Nasdaq: ANGO) 16.3% HIGHER; reports Q4 EPS of $0.19, 2 cents better than the analyst estimate of $0.17. Revenues for the quarter were $46.8 million, versus the consensus of $45.60 million. Sees FY09 GAAP EPS about 55c (including 13 cent item) versus consensus estimates of 64 cents. Sees FY09 revenues $205-$210 million versus $201.3 million.

Ultratech (Nasdaq: UTEK) 14% LOWER; J.P. Morgan downgrades Ultratech from Neutral to Underweight.

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