Morning Movers 01/19: (EGT) (MOTR) (PLXS) (GURE) Higher; (ZZ) (ENER) (SEED) (CBRX) Lower
Up)
8x8, Inc. (NASDAQ: EGHT) 24.3% HIGHER; reported Q3 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $23.3 million versus the consensus estimate of $22.09 million.
Motricity (Nasdaq: MOTR) 23.2% HIGHER; announced today that it has taken significant steps to reorganize the company in order to capitalize on changing customer and market conditions. As part of the realignment, the Company has decided to close its operations in Asia. This shift will enable Motricity to concentrate efforts on the burgeoning opportunity the Company sees in the mobile advertising and enterprise space, while continuing to provide focused service to the largest carriers in North America. In addition to hiring sales resources to focus on market opportunities in North America and expand its penetration into carriers, the Company is also investing in product development.
Sealy Corp. (NYSE: ZZ) 19.8% LOWER; reported Q4 EPS of ($0.14), $0.15 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $269.3 million versus the consensus estimate of $309.81 million.
Energy Conversion Devices (Nasdaq: ENER) 18.1% LOWER; traders are continuing to take profits following a more than 185 percent last week. Shares fell just 6 percent yesterday.
Plexus Corp (NASDAQ: PLXS) 12.8% HIGHER; reported Q1 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter came in at $529.65 million versus the consensus estimate of $527.8 million. Sees Q2 2012 EPS of $0.51-$0.58, versus the consensus of $0.51. Sees Q2 2012 revenue of $550-$580 million, versus the consensus of $547.62 million.
Gulf Resources, Inc. (Nasdaq: GURE) 12.7% HIGHER; announced that the Company has discovered underground brine water resources in Daying County, Sichuan Province, after more than a half year of drilling, and it has provided preliminary concentration results after the testing by a third-party independent testing expert, Centre Testing International Corporation. According to the third-party independent testing report, the bromine concentration in the underground brine water resources is 1.53 grams per liter, which is approximately six to seven times higher than the average bromine concentration from its brine water resources at the Company's bromine factories in Shouguang City, Shandong Province.
F5 Networks, Inc. (NASDAQ: FFIV) 12.4% HIGHER; reported Q1 EPS of $1.03, $0.02 better than the analyst estimate of $1.01. Revenue for the quarter came in at $322.4 million versus the consensus estimate of $319.13 million. Sees Q2 adj-EPS of $1.05-$1.07, which compares to the Street estimate of $1.05. Sees sales of $332-$337 million, which compares to the Street estimate of $330.51 million.
Netscout Systems, Inc. (NASDAQ: NTCT) 12% HIGHER; reported Q3 EPS of $0.35, $0.03 better than the analyst estimate of $0.33. Revenue for the quarter came in at $83.3 million versus the consensus estimate of $81.96 million. Netscout Systems, Inc. reaffirmed FY2012 guidance. Sees Q4 2012 EPS of $0.36-$0.40, versus the consensus of $0.37. Sees Q4 2012 revenue of $86-$91 million, versus the consensus of $86.31 million.
Origin Agritech Limited (NASDAQ: SEED) 11.3% LOWER; announced unaudited financial results for the year ended September 30, 2011. Click here to see the full report.
Columbia Labs (Nasdaq: CBRX) 10.2% LOWER; continues a volatile run following news on Tuesday the FDA said the company's preterm birth gel was not effective. After tumbling more than 54 percent on Tuesday, the stock corrected by about 34 percent yesterday.
BankUnited, Inc. (NYSE: BKU) 10% LOWER; today announced that, regarding the recent articles and publicity about the Company, it has confirmed that a preliminary process did occur whereby the Company considered its strategic alternatives. That process has concluded and the Company will continue to pursue its original plan to build the premier bank throughout Florida as an independent institution.
Nordic American Tankers (NYSE: NAT) 9.3% LOWER; just announced it priced its 5.5 million share common stock offering. The company has granted underwriters a 30-day option to buy an additional 825,000 shares to cover over-allotments.
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Motricity (Nasdaq: MOTR) 23.2% HIGHER; announced today that it has taken significant steps to reorganize the company in order to capitalize on changing customer and market conditions. As part of the realignment, the Company has decided to close its operations in Asia. This shift will enable Motricity to concentrate efforts on the burgeoning opportunity the Company sees in the mobile advertising and enterprise space, while continuing to provide focused service to the largest carriers in North America. In addition to hiring sales resources to focus on market opportunities in North America and expand its penetration into carriers, the Company is also investing in product development.
Sealy Corp. (NYSE: ZZ) 19.8% LOWER; reported Q4 EPS of ($0.14), $0.15 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $269.3 million versus the consensus estimate of $309.81 million.
Energy Conversion Devices (Nasdaq: ENER) 18.1% LOWER; traders are continuing to take profits following a more than 185 percent last week. Shares fell just 6 percent yesterday.
Plexus Corp (NASDAQ: PLXS) 12.8% HIGHER; reported Q1 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter came in at $529.65 million versus the consensus estimate of $527.8 million. Sees Q2 2012 EPS of $0.51-$0.58, versus the consensus of $0.51. Sees Q2 2012 revenue of $550-$580 million, versus the consensus of $547.62 million.
Gulf Resources, Inc. (Nasdaq: GURE) 12.7% HIGHER; announced that the Company has discovered underground brine water resources in Daying County, Sichuan Province, after more than a half year of drilling, and it has provided preliminary concentration results after the testing by a third-party independent testing expert, Centre Testing International Corporation. According to the third-party independent testing report, the bromine concentration in the underground brine water resources is 1.53 grams per liter, which is approximately six to seven times higher than the average bromine concentration from its brine water resources at the Company's bromine factories in Shouguang City, Shandong Province.
F5 Networks, Inc. (NASDAQ: FFIV) 12.4% HIGHER; reported Q1 EPS of $1.03, $0.02 better than the analyst estimate of $1.01. Revenue for the quarter came in at $322.4 million versus the consensus estimate of $319.13 million. Sees Q2 adj-EPS of $1.05-$1.07, which compares to the Street estimate of $1.05. Sees sales of $332-$337 million, which compares to the Street estimate of $330.51 million.
Netscout Systems, Inc. (NASDAQ: NTCT) 12% HIGHER; reported Q3 EPS of $0.35, $0.03 better than the analyst estimate of $0.33. Revenue for the quarter came in at $83.3 million versus the consensus estimate of $81.96 million. Netscout Systems, Inc. reaffirmed FY2012 guidance. Sees Q4 2012 EPS of $0.36-$0.40, versus the consensus of $0.37. Sees Q4 2012 revenue of $86-$91 million, versus the consensus of $86.31 million.
Origin Agritech Limited (NASDAQ: SEED) 11.3% LOWER; announced unaudited financial results for the year ended September 30, 2011. Click here to see the full report.
Columbia Labs (Nasdaq: CBRX) 10.2% LOWER; continues a volatile run following news on Tuesday the FDA said the company's preterm birth gel was not effective. After tumbling more than 54 percent on Tuesday, the stock corrected by about 34 percent yesterday.
BankUnited, Inc. (NYSE: BKU) 10% LOWER; today announced that, regarding the recent articles and publicity about the Company, it has confirmed that a preliminary process did occur whereby the Company considered its strategic alternatives. That process has concluded and the Company will continue to pursue its original plan to build the premier bank throughout Florida as an independent institution.
Nordic American Tankers (NYSE: NAT) 9.3% LOWER; just announced it priced its 5.5 million share common stock offering. The company has granted underwriters a 30-day option to buy an additional 825,000 shares to cover over-allotments.
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