Morning Movers 01/13: (GGC) (ROVI) (SYUT) Higher; (MBLX) (CRDC) (EK) (JDAS) Lower
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Metabolix (Nasdaq: MBLX) 55.6% LOWER; announces termination of Telles JV. Click here to see the full report.
Georgia Gulf (NYSE: GGC) 34.8% HIGHER; Westlake (NYSE: WLK) offers to acquire Georgia Gulf for $30/share. Click here to see the full report.
Cardica (Nasdaq: CRDC) 22.6% LOWER; suspends enrollment in Europe study of Xpress 30. Click here to see the full report.
Eastman Kodak (NYSE: EK) 21.1% LOWER; said to be in talks with Citi about bankruptcy financing. Click here to see the full report.
Rovi Corp. (Nasdaq: ROVI) 14.2% HIGHER; Sees FY11 adj-sales of $775-$780 million and EPS of $2.45-$2.50. The Street is currently looking for FY11 sales of $779 million and EPS of $2.45. Sees FY12 sales of $810-$840 million and adj-EPS of $2.50-$2.80, which compares to analyst estimates of $829 million and $2.64, respectively.
JDA Software (Nasdaq: JDSA) 12.5% LOWER; reports Q4 prelim. sales of $173 million, vs. cons. $182 million. Sees FY11 EPS near high end of prior guidance. Click here to see the full report.
Synutra (Nasdaq: SYUT) 10.9% HIGHER; announces confirmation of infant formula safety. Government found death and illness was not caused by food poison.
Diamond Foods, Inc. (Nasdaq: DMND) 10.3% LOWER; downside related to news of federal inquiry. Click here to see the full report.
Patriot Coal Corporation (NYSE: PCX) 9.3% LOWER; today announced the implementation of proactive measures at its Southern WV operations to curtail higher cost production in response to weaker market demand for metallurgical coal. The Company will idle one contractor-operated mine and two subsidiary-operated production units in the Rocklick complex. Two contractor-operated mines in the Wells complex will also be idled.
James River Coal (Nasdaq: JRCC) 8.5% LOWER; see Patriot Coal. The entire sector is down today amid the news. The Coal ETF (NYSE: KOL) is down 2.9 percent at last check.
Seattle Genetics, Inc. (Nasdaq: SGEN) 8.3% LOWER; announced updates to the U.S. Prescribing Information (PI) for ADCETRIS (brentuximab vedotin). Click here to see the full report.
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Georgia Gulf (NYSE: GGC) 34.8% HIGHER; Westlake (NYSE: WLK) offers to acquire Georgia Gulf for $30/share. Click here to see the full report.
Cardica (Nasdaq: CRDC) 22.6% LOWER; suspends enrollment in Europe study of Xpress 30. Click here to see the full report.
Eastman Kodak (NYSE: EK) 21.1% LOWER; said to be in talks with Citi about bankruptcy financing. Click here to see the full report.
Rovi Corp. (Nasdaq: ROVI) 14.2% HIGHER; Sees FY11 adj-sales of $775-$780 million and EPS of $2.45-$2.50. The Street is currently looking for FY11 sales of $779 million and EPS of $2.45. Sees FY12 sales of $810-$840 million and adj-EPS of $2.50-$2.80, which compares to analyst estimates of $829 million and $2.64, respectively.
JDA Software (Nasdaq: JDSA) 12.5% LOWER; reports Q4 prelim. sales of $173 million, vs. cons. $182 million. Sees FY11 EPS near high end of prior guidance. Click here to see the full report.
Synutra (Nasdaq: SYUT) 10.9% HIGHER; announces confirmation of infant formula safety. Government found death and illness was not caused by food poison.
Diamond Foods, Inc. (Nasdaq: DMND) 10.3% LOWER; downside related to news of federal inquiry. Click here to see the full report.
Patriot Coal Corporation (NYSE: PCX) 9.3% LOWER; today announced the implementation of proactive measures at its Southern WV operations to curtail higher cost production in response to weaker market demand for metallurgical coal. The Company will idle one contractor-operated mine and two subsidiary-operated production units in the Rocklick complex. Two contractor-operated mines in the Wells complex will also be idled.
James River Coal (Nasdaq: JRCC) 8.5% LOWER; see Patriot Coal. The entire sector is down today amid the news. The Coal ETF (NYSE: KOL) is down 2.9 percent at last check.
Seattle Genetics, Inc. (Nasdaq: SGEN) 8.3% LOWER; announced updates to the U.S. Prescribing Information (PI) for ADCETRIS (brentuximab vedotin). Click here to see the full report.
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