Streetinsider.com After-Hours Movers 04/17: (AMD) (SCSS) Higher; (ACTG) (AVGO) (ATHN) Lower Apr 17, 2014 05:16PM

Acacia Research (Nasdaq: ACTG) 6.2% LOWER; reported Q1 EPS of ($0.11), $0.15 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $12.58 million versus the consensus estimate of $16.92 million.

Advanced Micro Devices, Inc. (NYSE: AMD) 4.9% HIGHER; reported Q1 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.34 billion. For the second quarter of 2014, AMD expects revenue to increase 3 percent, plus or minus 3 percent, sequentially. The Street is currently at $1.36 billion. For more color, click here.

Avago Tech (Nasdaq: AVGO) 2.6% LOWER; lower amid a positive patent verdict against Mellanox. For more color, click here.

Select Comfort Corp (Nasdaq: SCSS) 2.2% HIGHER; reported Q1 EPS of $0.31, $0.01 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $276 million versus the consensus estimate of $274.27 million.

athenahealth, Inc. (Nasdaq: ATHN) 0.5% LOWER; reported Q1 EPS of $0.12, $0.05 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $163 million versus the consensus estimate of $170.03 million.


Market Wrap: Initial Claims Show Modest Gain; GE Bring on Q1 Beat; Wal-mart Gets into Money-Transfer Game Apr 17, 2014 05:09PM

Market wrap for April 17th

End of the Day: S&P 500 up 2.5 to 1,864.85; Dow Jones down 16.3 to 16,408.54; Nasdaq up 9.3 to 4,095.52

* In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. (Consensus views were looking for a reading of 315,000.) The previous week's level was revised up by 2,000 from 300,000 to 302,000. The 4-week moving average was 312,000, a decrease of 4,750 from the previous week's revised average. This is the lowest level for this average since October 6, 2007 when it was 302,000. The previous week's average was revised up by 500 from 316,250 to 316,750.

* General Electric (NYSE: GE) reported Q1 EPS of $0.33, $0.01 better than the analyst estimate of $0.32. Revenue for the quarter came in at $34.18 billion versus the consensus estimate of $34.45 billion. For more color, click here.

* Advanced Micro Devices, Inc. (NYSE: AMD) reported Q1 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.34 billion. For the second quarter of 2014, AMD expects revenue to increase 3 percent, plus or minus 3 percent, sequentially. The Street is currently at $1.36 billion. Click here for more color.

* Goldman Sachs Group, Inc. (NYSE: GS) reported Q1 EPS of $4.02, $0.53 better than the analyst estimate of $3.49. Revenue for the quarter came in at $9.33 billion versus the consensus estimate of $8.7 billion. Click here for more color.

* Wal-mart (NYSE: WMT) and Ria -- a subsidiary of Euronet Worldwide, Inc. (Nasdaq: EEFT) -- are launching a retail industry first - Walmart-2-Walmart Money Transfer Service. Available April 24, the new low-cost service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for up to 50 percent less than similar offerings on the market. Active on the news included MoneyGram International, Inc. (Nasdaq: MGI), XOOM (Nasdaq: XOOM), and Western Union (NYSE: WU).

* Baker Hughes, Inc. (NYSE: BHI) $69.76. Baker Hughes up today after reporting Q1 EPS of $0.84 and revs of $5.73 billion, versus consensus estimates calling for EPS of $0.78 and revs of $5.72 billion.

* athenahealth, Inc. (Nasdaq: ATHN) reported Q1 EPS of $0.12, $0.05 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $163 million versus the consensus estimate of $170.03 million.

* Actavis plc (NYSE: ACT) and Forest Laboratories, Inc. (NYSE: FRX) today announced that they have each received a request for additional information from the Federal Trade Commission ("FTC") in connection with Actavis’ pending acquisition of Forest. The information request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.


Notable 52-Week Highs and Lows of the Day 04/17: (BHI) (ATHL) (RMBS) High; (SSN) (RSH) (MGI) Low Apr 17, 2014 03:44PM

52-Week High:
  • Baker Hughes, Inc. (NYSE: BHI) $69.76. Baker Hughes up today after reporting Q1 EPS of $0.84 and revs of $5.73 billion, versus consensus estimates calling for EPS of $0.78 and revs of $5.72 billion. For more color, click here.

  • Athlon Energy Inc. (NYSE: ATHL) $42.74. Athlon Energy announced the pricing of its underwritten public offering of 12,875,000 shares of common stock at $40.00 per share. Athlon has also granted the underwriters a 30-day option to purchase up to an additional 1,931,250 shares of Athlon’s common stock at the public offering price. The offering was upsized to 12,875,000 shares from the original offering size of 11,000,000 shares. The offering is expected to close on April 23, 2014, subject to customary closing conditions. Athlon plans to use all of the net proceeds from this offering, together with net proceeds from a senior notes offering and/or borrowings under its credit agreement to fund the purchase price of pending acquisitions and for general corporate purposes.

  • Rambus Inc. (Nasdaq: RMBS) $12.58. Rambus trading higher ahead of the company's Q1 report, which is expected out after markets close Monday. The Street is looking for EPS of $.03 with revenue of $72.5 million, from EPS of $.11 and revs of $57.9 million posted in the same period last year.
52-Week Low:
  • Samson Oil & Gas Limited (AMEX: SSN) $0.34. Samson Oil & Gas announced that it has placed 65,000,000 ordinary shares to investors in Australia and 11,255,541 American Depositary Shares (ADSs) (representing 225,110,820 ordinary shares) to investors based in the United States to raise gross proceeds of A$5,802,217 (US$5,439,578). The placement was completed at $0.02 per ordinary share (approximately US$0.375 per ADS), and includes options, or warrants, to purchase an additional 3 shares for each 10 shares subscribed for, at an exercise price of A$0.033 (approximately $0.61 per ADS). The options/warrants will expire on 30 April 2018.

  • RadioShack (NYSE: RSH) $1.28. RadioShack showing a parabolic move downward Thursday as shares slip for the seventh-straight session. Chatter today comes following news in the WSJ that the company and lenders are still in negotiations over closing 1,100 stores. More on that here.

  • MoneyGram International, Inc. (Nasdaq: MGI) $14.19. MoneyGram lower following news that Wal-mart will begin a money-transfer program. More on that here.


Trading Radar for 04/21: Halliburton (HAL), Netflix (NFLX), Rambus (RMBS), Hasbro (HAS), Kimberly-Clark (KMB) Report Apr 17, 2014 03:04PM

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Halliburton Co. (NYSE: HAL) - consensus EPS $0.72
Hasbro, Inc. (Nasdaq: HAS) - consensus EPS $0.10
Kimberly-Clark Corp. (NYSE: KMB) - consensus EPS $1.47
Lennox International, Inc. (NYSE: LII) - consensus EPS $0.41

Intraday or Not Specified:
Economics:
10:00am EDT

  • Leading Indicators - 0.8%
After Markets Close:
Earnings:

BBCN Bancorp (Nasdaq: BBCN) - consensus EPS $0.28
BancorpSouth (NYSE: BXS) - consensus EPS $0.30
Bank Of Hawaii Corp. (NYSE: BOH) - consensus EPS $0.86
Brown & Brown, Inc. (NYSE: BRO) - consensus EPS $0.42
CYS Investments (NYSE: CYS) - no Street consensus
Cadence Design Systems (Nasdaq: CDNS) - consensus EPS $0.19
Celanese Corp. (NYSE: (Nasdaq: CE) - consensus EPS $1.21
Exactech, Inc. (Nasdaq: EXAC) - consensus EPS $0.29
Forward Air Corp (Nasdaq: FWRD) - consensus EPS $0.38
Gulfmark Offshore, Inc. (NYSE: GLF) - consensus EPS $0.58
Helix Energy Solutions Group (NYSE: HLX) - consensus EPS $0.33
Matthews International Corp (Nasdaq: MATW) - consensus EPS $0.58
Netflix, Inc. (Nasdaq: NFLX) - consensus EPS $0.83
PLX Technology, Inc. (Nasdaq: PLXT) - consensus EPS $0.02
Rambus, Inc. (Nasdaq: RMBS) - consensus EPS $0.03
Rent-A-Center, Inc. (Nasdaq: RCII) - consensus EPS $0.56
Umpqua Holdings Corp (Nasdaq: UMPQ) - consensus EPS $0.23
Waste Connections, Inc. (NYSE: WCN) - consensus EPS $0.41
Western Alliance Bancorp (NYSE: WAL) - consensus EPS $0.34
Wilshire Bancorp, Inc. (Nasdaq: WIBC) - consensus EPS $0.18
Zions Bancorp (Nasdaq: ZION) - consensus EPS $0.42

Check out our Earnings Insider for news and updates on earnings as they happen!


Unusual 11 Mid-Day Movers 04/17: (BIOF) (LIVE) (IIIN) Higher; (YOD) (RSH) MGI) Lower Apr 17, 2014 12:53PM

BioFuel Energy Corp. (Nasdaq: BIOF) 37.8% HIGHER; seeing strong move back above $8 today. Notably, short interest on the stock recently rose 33 percent to 568,760 shares, or 12 percent of float.

LiveDeal (Nasdaq: LIVE) 29.5% HIGHER; higher following a positive press release issued earlier Thursday. For more color, click here.

YOU On Demand Holdings, Inc. (Nasdaq: YOD) 17.7% LOWER; slumping following a negative blog post made earlier today.

RadioShack Corp. (NYSE: RSH) 16.6% LOWER; RadioShack continuing lower again Wednesday. The move might be attributed to negative preliminary Q1 numbers from segment peer hhgregg on Tuesday morning. For more on the outlook, click here.

MoneyGram International, Inc. (Nasdaq: MGI) 16.6% LOWER; lower as Wal-mart announced a new money-transfer program today.

Insteel Industries, Inc. (Nasdaq: IIIN) 15.7% HIGHER; reported Q2 EPS of $0.19, versus $0.20 reported last year. Revenue for the quarter came in at $91.4 million, versus $82.9 million reported last year.

Retrophin, Inc. (Nasdaq: RTRX) 13.0% HIGHER; moving higher following a slump earlier in the week when the company said despite several investigator-sponsored IND filings for RE-024 in the United States, the FDA has been unwilling to grant a clinical trial through this mechanism. Click here for more color.

Knoll (NYSE: KNL) 11.4% HIGHER; reported Q1 EPS of $0.18, $0.05 better than the analyst estimate of $0.13. Revenue for the quarter came in at $229.3 million versus the consensus estimate of $219.2 million.

Nelnet (NYSE: NNI) 10.8% HIGHER; Nelnet and certain Company subsidiaries entered into four separate agreements with subsidiaries of CIT Group Inc. to purchase a total of $3.6 billion of Federal Family Education Loan Program (“FFELP”) student loans and related assets. The transaction includes the purchase of residual interests in a total of $2.6 billion of securitized student loans and related assets under a stock purchase agreement, and the purchase of a total of approximately $950 million of unsecuritized student loans under three separate loan sale agreements. The Company anticipates the closing of the transaction will occur on or before April 25, 2014. The assets to be acquired under the stock purchase agreement include the rights to the residual interests in three FFELP student loan securitization trusts, which hold a total of $2.6 billion of FFELP student loans and related assets and have issued a corresponding amount of related student loan asset-backed debt. In addition, under the loan sale agreements, the Company will purchase unsecuritized FFELP loans totaling approximately $950 million, consisting primarily of FFELP consolidation loans, which will initially be funded through the Company’s existing student loan warehouse facilities. The aggregate purchase price for the assets to be acquired under the stock purchase agreement and the amount to be paid over the par value of the student loan portfolio and related accrued interest under the loan sale agreements is $139 million, and will be funded from the Company’s operating cash and unsecured line of credit. The Company expects the yield on the $3.6 billion of FFELP loans acquired from this transaction will be consistent with the variable student loan spread earned on the Company’s existing FFELP loan portfolio. All student loan assets and related debt will be included in the Company’s consolidated financial statements and will increase the Company’s student loan portfolio to more than $29 billion.

Barnes & Noble, Inc.’s (NYSE: BKS) 10.5% LOWER; Chairman Leonard Riggio today announced the sale of a portion of his holdings of Barnes & Noble stock. Mr. Riggio said he sold 3.7 million shares of Common Stock, after which his holdings are expected to represent approximately 20 percent of Barnes & Noble’s Common Stock outstanding.

Net 1 UEPS Technologies Inc. (Nasdaq: UEPS) 10.2% LOWER; announced that the South African Constitutional Court has ruled on the appropriate remedy following its declaration on November 29, 2013, that the tender process followed by the South African Social Security Agency in awarding a contract to Net1's wholly owned subsidiary, Cash Paymaster Services Proprietary Limited, was constitutionally invalid. The Constitutional Court is the highest court in South Africa and the full judgment is available on the Company's website at www.net1.com.

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


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