Morning Movers 11/05: ROYL, RX, FSYS, KAI, SANM Higher; SMSI, CVS, MBRK, INOD, PL, ARO Lower

November 5, 2009 10:52 AM EST

Royale Energy, Inc. (NASDAQ: ROYL) 26.4% HIGHER; today released the test results of the Goddard 7-1. On Oct 15 the company announced a new field discovery near its successful Lonestar field. This week's completion activities resulted in a stabilized flow rate of 2,450 MCF per day on a restricted choke. Based on these results the well is capable of significantly higher producing rates, and the company expects to begin production at an initial rate of 2,500 MCF per day. The first follow up to the Goddard discovery began drilling Oct 28. The Wylie #1 will test a similar nearby 3D seismic amplitude anomaly. Royale Energy will drill additional follow up wells by the end of this year.

Smith Micro Software (NASDAQ: SMSI) 26.2% LOWER; reports Q3 adjusted EPS of $0.20, 1 cent better than the analyst estimate of $0.19. Revenue for the quarter was $27.80 million, which compares to the estimate of $29.37 million. Lowers FY09 Guidance from $110 - $115 million to $105 - $110 million, versus $111.30 million consensus.

IMS Health (NYSE: RX) 24.2% HIGHER; entered into a definitive agreement to be acquired by investment funds managed by TPG Capital and the CPP Investment Board in a transaction with a total value of $5.2 billion, including the assumption of debt. Under the agreement, IMS shareholders will receive $22.00 cash for each share of IMS common stock they own, representing a premium of approximately 50 percent over the closing share price on Friday, October 16, 2009, the last trading day prior to public speculation that IMS was considering its strategic alternatives.

Fuel Systems Solutions, Inc. (NASDAQ: FSYS) 23.5% HIGHER; reports Q3 EPS of $0.77, versus the analyst estimate of $0.43. Revenue for the quarter was $116.2 million, which compares to the estimate of $104.26 million. Sees FY09 revs of $415 - $425 million, versus $379.72 million consensus.

Kadant Inc. (NYSE: KAI) 21% HIGHER; reports Q3 adjusted EPS of $0.05, versus the analyst estimate of ($0.17). Revenue for the quarter was $52.70 million, which compares to the estimate of $ million. Sees Q4 adjusted EPS $0.02 - $0.04, versus $0.02 consensus. Raises FY09 sales $224 - $226 million, versus $216.40 million. Sees FY09 loss $0.30 - $0.32, versus ($0.11) consensus. Sees Q409 sales $55 - $57, versus $53.3 million consensus.

CVS Caremark Corporation (NYSE: CVS) 19.8% LOWER; reports Q3 EPS of $0.65, 1 cent better than the analyst estimate of $0.64. Revenue for the quarter was $24.60 billion, which compares to the estimate of $24.61 billion. Shares are sinking on some comments on the conference call: CVS said $3.7 billion in contract losses in the quarter. Lost more in PBM business than expected. PBM margin will fall 10% in 2010.

Sanmina-SCI Corp. (NASDAQ: SANM) 16.4% HIGHER; reports Q4 EPS of $0.00, versus the analyst estimate of ($0.11). Revenue for the quarter was $1.35 billion, which compares to the estimate of $1.26 billion. Sees Q110 adj EPS $0.10 - $0.15, versus $0.01 consensus. See Q110 sales of $1.35 - $1.45 billion, versus $1.32 billion consensus.

MiddleBrook Pharmaceuticals, Inc. (Nasdaq: MBRK) 16.3% LOWER; reports Q3 loss of $0.20, 3 cents worse than the analyst estimate of ($0.17). Revenue for the quarter was $1.1 million, which compares to the estimate of $7.9 million.

DG FastChannel, Inc. (NASDAQ: DGIT) 15.9% HIGHER; reports Q3 EPS of $0.22, versus the analyst estimate of $0.23. Revenue for the quarter was $48.30 million, which compares to the estimate of $47.83 million.

Innodata Isogen (Nasdaq: INOD) 15.9% LOWER; reports Q3 EPS of $0.05, compared to $0.05 in the same quarter last year. Revenue for the quarter was $19.1 million, up 4% from the same quarter last year.

CTC Media, Inc (Nasdaq: CTCM) 15.4% HIGHER; reports Q3 EPS of $0.16, compared to $0.13 in the same quarter last year. Revenue for the quarter was $106.94 million, versus $143.3 million in Q308.

K-Swiss Inc. (NASDAQ: KSWS) 15% HIGHER; reports Q3 loss of $0.07, versus the analyst estimate of ($0.20). Revenue for the quarter was $70.63 million, which compares to the estimate of $60.03 million.

Protective Life Corporation (NYSE: PL) 14.5% LOWER; reports Q3 EPS of $0.32, versus the analyst estimate of $0.76.

Huron Consulting Group Inc (NASDAQ: HURN) 14.3% HIGHER; reports Q3 EPS of $0.59, versus the analyst estimate of $0.28. Revenue for the quarter was $172.20 million, which compares to the estimate of $163.48 million.

Aeropostale, Inc. (NYSE: ARO) 14.3% LOWER; reports total sales for the month of October were $138.8 million, up 9% from the same period last year. Same store sales rose 3%. Raises its Q3 EPS guidance from $0.84-$0.85 to $0.90-$0.91, versus the consensus of $0.87. The stock was also downgraded at KeyBanc.

Rofin-Sinar Technologies Inc. (Nasdaq: RSTI) 14.2% HIGHER; reports Q4 EPS of $0.18, versus the analyst estimate of $0.01. Revenue for the quarter was $90.5 million, which compares to the estimate of $80.20 million.

Ambac (NYSE: ABK) 13.9% LOWER; correcting today following yesterday's 35% jump on earnings.

Andersons Inc (NASDAQ: ANDE) 13.8% LOWER; reports Q3 EPS of $0.07, versus the analyst estimate of $0.37. Revenue for the quarter was $601 million, which compares to the estimate of $691.63 million.

Georgia Gulf (NYSE: GGC) 13.7% HIGHER; reports Q3 EPS of $9.20. Revenue for the quarter was $556 million, which compares to the estimate of $526 million.

Santarus, Inc. (NASDAQ: SNTS) 13.5% HIGHER; reports Q3 EPS of $0.09, ex-items, 8 cents better than the analyst estimate of $0.01. Revenue for the quarter was $39.5 million, which compares to the estimate of $36.47 million.

Micrus Endovascular (NASDAQ: MEND) 13.3% HIGHER; reports Q3 EPS of $0.22, versus the analyst estimate of $0.05. Revenue for the quarter was $21.50 million, which compares to the estimate of $20.46 million.

Lamar Advertising Co. (NASDAQ: LAMR) 13.2% HIGHER; reports Q3 loss of $0.05, versus the analyst estimate of ($0.16). Revenue for the quarter was $271.80 million, which compares to the estimate of $265.48 million. Sees Q409 revs of $257 million, versus $253.20 million consensus.

Real Goods Solar, Inc. (Nasdaq: RSOL) 12.5% HIGHER; report Q3 EPS of $0.01, versus the consensus of a $0.01 loss. Revenues were $23 million, versus the consensus of $19 million.

Limelight Networks, Inc. (NASDAQ: LLNW) 12.1% LOWER; reports Q3 adjusted loss of $0.01, versus the analyst estimate of $0.04. Revenue for the quarter was $32.50 million, which compares to the estimate of $32.68 million.

Allis-Chalmers Energy (NYSE: ALY) 12% HIGHER; Wells Fargo upgrades the stock to Market Perform. Valuation range now $2.79-$3.48 from $1.75-$2.00. Click here for the full report.

American Eagle Outfitters, Inc. (NYSE: AEO) 11.8% LOWER; said October comparable store sales decreased 5%. Total sales for the four weeks ended October 31, 2009 decreased 5% to $195.1 million. Total sales for the third quarter ended October 31, 2009 decreased 1% to $749.0 million. Management expects third quarter non-GAAP earnings to be $0.20 to $0.21 per diluted share, versus previous third quarter non-GAAP earnings guidance was $0.19 to $0.21. The Wall Street consensus is $0.22.

Gibraltar Industries, Inc. (NASDAQ: ROCK) 11.6% HIGHER; reports Q3 EPS of $0.28, ex-items, 10 cents better than the analyst estimate of $0.18.

US Concrete Inc. (NASDAQ: RMIX) 11.4% LOWER; reports Q3 loss of $0.09, even with the analyst estimate of ($0.09). Revenue for the quarter was $153.60 million, which compares to the estimate of $158.11 million.

Brightpoint, Inc. (NASDAQ: CELL) 11.3% HIGHER; reports Q3 adjusted EPS of $0.13 , 2 cents better than the analyst estimate of $0.11. Revenue for the quarter was $867.90 million, which compares to the estimate of $753 million.

Whole Foods Market (NASDAQ: WFMI) 11.3% LOWER; reports Q4 EPS of $0.20, 2 cents better than the analyst estimate of $0.18. Revenue for the quarter was $1.8 billion, which compares to the estimate of $1.84 billion. Sees FY10 EPS $1.05-$1.10, versus $1.11 consensus.

Hill International, Inc. (NYSE: HIL) 10.9% HIGHER; reports Q3 EPS of $0.15, 3 cents better than the analyst estimate of $0.12. Revenue for the quarter was $103.2 million, which compares to the estimate of $103.49 million.

AuthenTec, Inc. (NASDAQAUTH) 10.9% LOWER; reports Q3 EPS of $0.05, even with the analyst estimate of $0.05. Revenue for the quarter was $10.3 million, which compares to the estimate of $9.5 million. Sees Q4 09 adj loss $0.07 - $0.09, versus $0.07 consensus. Also sees Q409 revs of $7.5 - $8 million, versus $9.7 consensus

Mercadolibre Inc (NASDAQ: MELI) 10.8% HIGHER; reports Q3 EPS of $0.22, 5 cents better than the analyst estimate of $0.17. Revenue for the quarter was $50.6 million, which compares to the estimate of $45.76 million.

Fuel Tech, Inc. (NASDAQ: FTEK) 10.7% LOWER; reports Q3 loss of $0.03, versus the analyst estimate of $0.02. Revenue for the quarter was $16.50 million, which compares to the estimate of $19.37 million.

Delta Petroleum (Nasdaq: DPTR) 10.1% LOWER; reports Q3 loss of $0.35, versus the analyst estimate of ($0.11). Revenue for the quarter was $23.92 million, which compares to the estimate of $21.89 million. Wells Fargo downgrades the stock to Underperform from Market Perform. Valuation range lowered from $1-2 to $0-1.

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