Largest $ Movers of Note - StreetInsider.com - 05/08/2007

May 8, 2007 1:07 PM EDT

UPWARD MOVERS:
Florida East Coast Industries (NYSE: FLA) +$9.02; Entered into a definitive merger agreement with certain private equity funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG) under which Fortress will acquire FECI in a $3.5 billion transaction. Florida East Coast Industries will pay a special dividend of $21.50 per share in cash and in the merger shareholders will receive $62.50 in cash for each share of FECI common stock they hold.

Blue Nile (Nasdaq: NILE) +$7.65; Reports Q1 EPS of $0.19, 4 cents better than estimates.(0.15) Revenues were $67.9 million vs. $62.12 million consensus. Company sees Q2 EPS between $0.16-0.17 vs. consensus of $0.18. Sees Q2 sales between $65.5-67.5 million vs. $66.8 million consensus.

WellCare Health Plans (NYSE: WCG) +$6.20; Reports Q1 EPS of $0.60, 4 cents better than estimates. Sees Q2 EPS of $1.20-$1.25, versus the consensus of $0.85. sees 2007 EPS of $4.65-$4.75 versus the consensus of $4.20. Sees 2007 revs of $5.2 billion versus prior guidance of $4.95 billion and the consensus of $4.94 billion.

McDermott (NYSE: MDR) +$5.84; Reports Q1 EPS of $1.38 vs. consensus of $0.75. Revenues were $1.36 billion vs. $1.27 billion consensus. Also, this morning, a company subsidiary was awarded a $250 million contract from AEP.

Haynes International (Nasdaq: HAYN) +$5.55; Reports Q2 EPS of $1.63 vs. consensus of $1.19. Revenues were $137.3 million vs. $134.1 million consensus.


DOWNWARD MOVERS:
MicroStrategy (Nasdaq: MSTR) -$14.50; Reports Q1 EPS of $0.75 vs. consensus of $1.29. Revenues were $72.4 million vs. $80.89 million consensus.

DJO Incorporated (NYSE: DJO) -$7.39; Reports Q1 EPS of $0.17 ($0.23 ex-items) vs. consensus of $0.31. Revenues were $114.9 million vs. $114.09 million consensus. Company now expect total 2007 revenue to be between $470 million and $480 million. (Consensus is $473.09 million) Company is targeting full year non-GAAP earnings per share of $1.35 to $1.40. (Consensus is $1.73).

Cutera (Nasdaq: CUTR) -$6.68; Reports Q1 EPS of $0.18, 1 cent worse than estimates.(0.19) Revenues were $23.3 million vs. $22.99 million consensus. Sees Q2 EPS of $0.14, versus the consensus of $0.30. Sees 2007 EPS of $1.07, versus the consensus of $1.33.

Heelys, Inc. (Nasdaq: HLYS) -$4.07; Reports Q1 EPS of $0.30, 10 cents better than estimates. Revenues came in at $49.4 million versus the consensus of $36.13 million. Sees Q2 EPS of $0.37-$0.40, versus the consensus of $0.33. Sees Q2 sales of $65-$70 million versus the consensus of $68 million. Announced plans to offer 8,000,000 shares held by Heelys, Inc. stockholders.

W&T Offshore, Inc. (NYSE: WTI) -$3.30; Reports Q1 adjusted EPS of $0.29 vs. consensus of $0.44. Revenues were $246.5 million vs. $247.29 million consensus.

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