After-Hours Movers 8/9: TTHI, CSKI, ERES, MBI, ARRY, PPCO Higher; VSAT, ABK, RTK, ASEI, MPG, NUAN Lower
Transition Therapeutics, Inc (NASDAQ: TTHI) 13.3% HIGHER; Elan Corporation, plc (NYSE: ELN) and Transition today announced the results of a Phase 2 placebo-controlled study in 351 patients with mild to moderate Alzheimers disease who received study drug for up to 18 months (Study AD201). Study subjects with MMSE scores between 16 and 26 received ELND005 oral doses of 250 mg, 1000 mg or 2000 mg twice daily or matching placebo. The studys cognitive and functional co primary endpoints did not achieve statistical significance.
ViaSat, Inc. (Nasdaq: VSAT) 13.3% LOWER; reports Q1 EPS of $0.23, 14 cents below the analyst estimate of $0.37. Revenue for the quarter was $192 million, which compares to the estimate of $209.92 million.
Ambac (NYSE: ABK) 12.6% LOWER; reports Q2 loss of $0.20, versus a loss of $8.24 reported for the same period a year ago. Revenue for the quarter was $381.2 million, compared to a loss of $476.88 million in Q209.
China Sky One Medical, Inc. (Nasdaq: CSKI) 10% HIGHER; reports Q2 EPS of $0.73, compared to earnings of $0.51 in the same quarter last year. Revenue for the quarter was $40.76 million, which compares to the estimate of $37.26 million.
eResearch Technology, Inc. (Nasdaq: ERES) 8.6% HIGHER; reports Q2 non-GAAP EPS of $0.08, 6 cents better than the analyst estimate of $0.02. Revenues were $29.1 million vs. consensus of $25.36 million. 2010 guidance for Non-GAAP diluted net income per share of between $0.34 and $0.39 (consensus is $0.23) ERT issued guidance for the second half of 2010 and for the full year 2010 that includes the full impact of the RS acquisition. ERT expects net revenues of between $84 million and $89 million for the second half of 2010, resulting in net revenues of between $135 million and $140 million for the full year 2010. (FY10 revenue consensus is $108.52M)
MBIA Inc. (NYSE: MBI) 8% HIGHER; recorded net income available to common shareholders of $1.3 billion, or $6.32 per share, for the second quarter of 2010, compared with net income of $895 million, or $4.30 per share, in the second quarter of 2009. Pre-tax income was $2.0 billion in the second quarter, driven primarily by a $1.5 billion pre-tax unrealized gain on insured credit derivatives resulting from deterioration in the market pricing of derivatives based on MBIA Insurance Corp.’s (MBIA Corp.) credit risk at June 30, 2010 compared to March 31, 2010.
Rentech, Inc. (AMEX: RTK) 8% LOWER; reports Q2 loss of $0.01, versus the analyst estimate of $0.01. Revenue for the quarter was $49.78 million, which compares to the estimate of $54.85 million.
American Science & Engineering, Inc. (Nasdaq: ASEI) 7.3% LOWER; reports Q1 EPS of $0.74, versus the analyst estimate of $1.03. Revenue for the quarter was $53.6 million, which compares to the estimate of $65.15 million.
MPG Office Trust, Inc. (NYSE: MPG) 6.8% LOWER; reports Q2 adj-FFO loss of $0.01, versus the analyst estimate of $0.06. (only 1 analyst covers the stock)
Nuance Communications, Inc. (Nasdaq: NUAN) 6.8% LOWER; reports Q3 non-GAAP EPS of $0.30, 1 cent better than the analyst estimate of $0.29. Revenue for the quarter was $293.40 million, which compares to the estimate of $300.37 million.
XOMA Ltd. (Nasdaq: XOMA) 6.2% LOWER; reports Q2 loss of $0.06, versus the analyst estimate of ($0.07). Revenue for the quarter was $5.9 million, which compares to the estimate of $6.72 million.
ChinaCast Education Corporation (Nasdaq: CAST) 6% LOWER; reports Q2 EPS of $0.13, 3 cents better than estimates. Revenues were $16.3 million vs. $16.56 million consensus.
Array Biopharma, Inc. (Nasdaq: ARRY) 5.8% HIGHER; reports a Q2 loss of $0.30, 2 cents better than the analyst estimate of ($0.32). Revenue for the quarter was $18.0 million, which compares to the estimate of $16.10 million.
Rackspace Hosting, Inc. (NYSE: RAX) 5.6% LOWER; reports Q2 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter was $187.3 million, which compares to the estimate of $186.83 million.
Penwest Pharmaceuticals (Nasdaq: PPCO) 5.5% HIGHER; Endo Pharmaceuticals (Nasdaq: ENDP) today announced actions designed to advance the company's leadership and growth in pain management, including an agreement to acquire all outstanding shares of Penwest for $5.00 in cash per share, or an estimated enterprise value of approximately $144 million at the time of deal close.
Pegasystems Inc. (Nasdaq: PEGA) 5.5% LOWER; reports Q2 non-GAAP EPS of $0.10, versus the analyst estimate of $0.16. Revenue for the quarter was $85.8 million, which compares to the estimate of $84.95 million.
Communications Systems Inc. (AMEX: JCS) 5.4% HIGHER; reports Q2 EPS of $0.29, versus $0.21 reported for the same period a year ago. Revenue for the quarter was $30.66 million, compared to $28.58 million in Q209.
Blackboard, Inc. (Nasdaq: BBBB) 5% LOWER; reports Q2 EPS of $0.40, 2 cents better than the analyst estimate of $0.38. Revenue for the quarter was $107.7 million, which compares to the estimate of $106.61 million. Sees Q3 Revenue of $118.6 million to $122.6 million vs. consensus of $117.82M. Sees Q3 Non-GAAP adjusted net income per diluted share of $0.40 to $0.47 vs. consensus of $0.51. Sees FY10 Revenue of $441.4 to $449.4 million vs. $440.00M consensus. Sees FY10 Non-GAAP adjusted net income per diluted share of $1.48 to $1.62 vs. $1.81 consensus.
Orion Marine Group Inc. (NYSE: ORN) 4.2% HIGHER; will replace Odyssey HealthCare Inc. (NASDAQ: ODSY) in the S&P SmallCap 600 Index after the close of trading on Monday, August 16.
China Marine Food Group Limited (Amex: CMFO) 4% HIGHER; reports Q2 EPS of $0.28, 10 cents better than estimates. Revenues were $27.6 million vs. $23.32 million consensus.
Himax Technologies, Inc. (Nasdaq: HIMX) 4% LOWER; reports Q2 EPS of $0.08, 2 cents better than the analyst estimate of $0.06. Revenue for the quarter was $187.7 million, which compares to the estimate of $187.98 million. Sees Q3 adj-EPS of 4-6c, vs. the cons. of 7c.
Volterra Semiconductor Corp. (NASDAQ: VLTR) 3.6% HIGHER; will replace Phase Forward Inc. (NASDAQ: PFWD) in the S&P SmallCap 600 Index after the close of trading on a date to be announced.
Paragon Shipping Inc. (Nasdaq: PRGN) 3.2% HIGHER; reports Q2 adjusted EPS of $0.13, 8 cents better than the analyst estimate of $0.05. Revenue for the quarter was $29.50 million, which compares to the estimate of $25.97 million.
THQ Inc. (Nasdaq: THQI) 3% LOWER; reports Q1 adjusted loss of $0.21, 3 cents better than the analyst estimate of ($0.24). Revenue for the quarter was $149.4 million, which compares to the estimate of $161.04 million.
Novell (Nasdaq: NOVL) 2.8% LOWER; cuts guidance: sees Q3 sales of $197-$199 million, down from prior guidance of $205-$210 million and compared to the analyst estimate of $207.06 million.
DTS, Inc. (Nasdaq: DTSI) 2.7% LOWER; reports Q2 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter was $17.5 million, which compares to the estimate of $17.12 million. Sees FY10 EPS of $0.75-$0.80, versus the consensus of $0.80. Sees FY10 sales of $81-$84 million, versus the consensus of $83.3 million.
Integrated Electrical Services, Inc. (Nasdaq: IESC) 2.5% LOWER; reports Q3 GAAP loss of $0.45, versus $0.09 reported for the same period a year ago. Revenue for the quarter was $121.4 million, compared to $172.2 million in Q209.
AVI Biopharma, Inc. (Nasdaq: AVII) 2.5% LOWER; reports Q2 loss of $0.15, versus the analyst estimate of ($0.05). Revenue for the quarter was $4.0 million, which compares to the estimate of $2.86 million.
Salix Pharmaceuticals, Ltd. (Nasdaq: SLXP) 2.2% LOWER; reports Q2 adjusted EPS of $0.15, 3 cents better than the analyst estimate of $0.10. Revenue for the quarter was $93.8 million, which compares to the estimate of $93.64 million. Sees Q3 loss of about $0.13, compared to the consensus of ($0.04). Reaffirms FY10 outlook.
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ViaSat, Inc. (Nasdaq: VSAT) 13.3% LOWER; reports Q1 EPS of $0.23, 14 cents below the analyst estimate of $0.37. Revenue for the quarter was $192 million, which compares to the estimate of $209.92 million.
Ambac (NYSE: ABK) 12.6% LOWER; reports Q2 loss of $0.20, versus a loss of $8.24 reported for the same period a year ago. Revenue for the quarter was $381.2 million, compared to a loss of $476.88 million in Q209.
China Sky One Medical, Inc. (Nasdaq: CSKI) 10% HIGHER; reports Q2 EPS of $0.73, compared to earnings of $0.51 in the same quarter last year. Revenue for the quarter was $40.76 million, which compares to the estimate of $37.26 million.
eResearch Technology, Inc. (Nasdaq: ERES) 8.6% HIGHER; reports Q2 non-GAAP EPS of $0.08, 6 cents better than the analyst estimate of $0.02. Revenues were $29.1 million vs. consensus of $25.36 million. 2010 guidance for Non-GAAP diluted net income per share of between $0.34 and $0.39 (consensus is $0.23) ERT issued guidance for the second half of 2010 and for the full year 2010 that includes the full impact of the RS acquisition. ERT expects net revenues of between $84 million and $89 million for the second half of 2010, resulting in net revenues of between $135 million and $140 million for the full year 2010. (FY10 revenue consensus is $108.52M)
MBIA Inc. (NYSE: MBI) 8% HIGHER; recorded net income available to common shareholders of $1.3 billion, or $6.32 per share, for the second quarter of 2010, compared with net income of $895 million, or $4.30 per share, in the second quarter of 2009. Pre-tax income was $2.0 billion in the second quarter, driven primarily by a $1.5 billion pre-tax unrealized gain on insured credit derivatives resulting from deterioration in the market pricing of derivatives based on MBIA Insurance Corp.’s (MBIA Corp.) credit risk at June 30, 2010 compared to March 31, 2010.
Rentech, Inc. (AMEX: RTK) 8% LOWER; reports Q2 loss of $0.01, versus the analyst estimate of $0.01. Revenue for the quarter was $49.78 million, which compares to the estimate of $54.85 million.
American Science & Engineering, Inc. (Nasdaq: ASEI) 7.3% LOWER; reports Q1 EPS of $0.74, versus the analyst estimate of $1.03. Revenue for the quarter was $53.6 million, which compares to the estimate of $65.15 million.
MPG Office Trust, Inc. (NYSE: MPG) 6.8% LOWER; reports Q2 adj-FFO loss of $0.01, versus the analyst estimate of $0.06. (only 1 analyst covers the stock)
Nuance Communications, Inc. (Nasdaq: NUAN) 6.8% LOWER; reports Q3 non-GAAP EPS of $0.30, 1 cent better than the analyst estimate of $0.29. Revenue for the quarter was $293.40 million, which compares to the estimate of $300.37 million.
XOMA Ltd. (Nasdaq: XOMA) 6.2% LOWER; reports Q2 loss of $0.06, versus the analyst estimate of ($0.07). Revenue for the quarter was $5.9 million, which compares to the estimate of $6.72 million.
ChinaCast Education Corporation (Nasdaq: CAST) 6% LOWER; reports Q2 EPS of $0.13, 3 cents better than estimates. Revenues were $16.3 million vs. $16.56 million consensus.
Array Biopharma, Inc. (Nasdaq: ARRY) 5.8% HIGHER; reports a Q2 loss of $0.30, 2 cents better than the analyst estimate of ($0.32). Revenue for the quarter was $18.0 million, which compares to the estimate of $16.10 million.
Rackspace Hosting, Inc. (NYSE: RAX) 5.6% LOWER; reports Q2 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter was $187.3 million, which compares to the estimate of $186.83 million.
Penwest Pharmaceuticals (Nasdaq: PPCO) 5.5% HIGHER; Endo Pharmaceuticals (Nasdaq: ENDP) today announced actions designed to advance the company's leadership and growth in pain management, including an agreement to acquire all outstanding shares of Penwest for $5.00 in cash per share, or an estimated enterprise value of approximately $144 million at the time of deal close.
Pegasystems Inc. (Nasdaq: PEGA) 5.5% LOWER; reports Q2 non-GAAP EPS of $0.10, versus the analyst estimate of $0.16. Revenue for the quarter was $85.8 million, which compares to the estimate of $84.95 million.
Communications Systems Inc. (AMEX: JCS) 5.4% HIGHER; reports Q2 EPS of $0.29, versus $0.21 reported for the same period a year ago. Revenue for the quarter was $30.66 million, compared to $28.58 million in Q209.
Blackboard, Inc. (Nasdaq: BBBB) 5% LOWER; reports Q2 EPS of $0.40, 2 cents better than the analyst estimate of $0.38. Revenue for the quarter was $107.7 million, which compares to the estimate of $106.61 million. Sees Q3 Revenue of $118.6 million to $122.6 million vs. consensus of $117.82M. Sees Q3 Non-GAAP adjusted net income per diluted share of $0.40 to $0.47 vs. consensus of $0.51. Sees FY10 Revenue of $441.4 to $449.4 million vs. $440.00M consensus. Sees FY10 Non-GAAP adjusted net income per diluted share of $1.48 to $1.62 vs. $1.81 consensus.
Orion Marine Group Inc. (NYSE: ORN) 4.2% HIGHER; will replace Odyssey HealthCare Inc. (NASDAQ: ODSY) in the S&P SmallCap 600 Index after the close of trading on Monday, August 16.
China Marine Food Group Limited (Amex: CMFO) 4% HIGHER; reports Q2 EPS of $0.28, 10 cents better than estimates. Revenues were $27.6 million vs. $23.32 million consensus.
Himax Technologies, Inc. (Nasdaq: HIMX) 4% LOWER; reports Q2 EPS of $0.08, 2 cents better than the analyst estimate of $0.06. Revenue for the quarter was $187.7 million, which compares to the estimate of $187.98 million. Sees Q3 adj-EPS of 4-6c, vs. the cons. of 7c.
Volterra Semiconductor Corp. (NASDAQ: VLTR) 3.6% HIGHER; will replace Phase Forward Inc. (NASDAQ: PFWD) in the S&P SmallCap 600 Index after the close of trading on a date to be announced.
Paragon Shipping Inc. (Nasdaq: PRGN) 3.2% HIGHER; reports Q2 adjusted EPS of $0.13, 8 cents better than the analyst estimate of $0.05. Revenue for the quarter was $29.50 million, which compares to the estimate of $25.97 million.
THQ Inc. (Nasdaq: THQI) 3% LOWER; reports Q1 adjusted loss of $0.21, 3 cents better than the analyst estimate of ($0.24). Revenue for the quarter was $149.4 million, which compares to the estimate of $161.04 million.
Novell (Nasdaq: NOVL) 2.8% LOWER; cuts guidance: sees Q3 sales of $197-$199 million, down from prior guidance of $205-$210 million and compared to the analyst estimate of $207.06 million.
DTS, Inc. (Nasdaq: DTSI) 2.7% LOWER; reports Q2 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter was $17.5 million, which compares to the estimate of $17.12 million. Sees FY10 EPS of $0.75-$0.80, versus the consensus of $0.80. Sees FY10 sales of $81-$84 million, versus the consensus of $83.3 million.
Integrated Electrical Services, Inc. (Nasdaq: IESC) 2.5% LOWER; reports Q3 GAAP loss of $0.45, versus $0.09 reported for the same period a year ago. Revenue for the quarter was $121.4 million, compared to $172.2 million in Q209.
AVI Biopharma, Inc. (Nasdaq: AVII) 2.5% LOWER; reports Q2 loss of $0.15, versus the analyst estimate of ($0.05). Revenue for the quarter was $4.0 million, which compares to the estimate of $2.86 million.
Salix Pharmaceuticals, Ltd. (Nasdaq: SLXP) 2.2% LOWER; reports Q2 adjusted EPS of $0.15, 3 cents better than the analyst estimate of $0.10. Revenue for the quarter was $93.8 million, which compares to the estimate of $93.64 million. Sees Q3 loss of about $0.13, compared to the consensus of ($0.04). Reaffirms FY10 outlook.
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