Morning Movers 01/26: (MITI) (RNWK) (NFLX) (PMTC) Higher; (MNTA) (MWW) (LOGI) (CRR) Lower
Down)
Micromet (Nasdaq: MITI) 32% HIGHER; Amgen (Nasdaq: AMGN) to acquire the company for $11/share.
RealNetworks, Inc. (Nasdaq: RNWK) 31.8% HIGHER; today announced that it has signed an agreement to sell a significant number of its patents and its next generation video codec software to Intel Corporation (Nasdaq: INTC) for a purchase price of $120 million. Under terms of the sale, RealNetworks retains certain rights to continue to use the patents in current and future products.
Netflix, Inc. (NASDAQ: NFLX) 22% HIGHER; reported Q4 EPS of $0.73, $0.18 better than the analyst estimate of $0.55. Sales of $875.6 million, which compares to the Street estimate of $857 million. Netflix, Inc. sees Q1 2012 EPS of $-0.16-$-0.49, versus the consensus of $-0.29. Sees Q1 sales of $842-$877 million, vs. the consensus of $845.6 million. The stock was upgraded at Gabelli and Citi.
Momenta (Nasdaq: MNTA) 18.2% LOWER; Amphastar won appeals court stay in generic LOVENOX case.
Parametric Technology Corporation (NASDAQ: PMTC) 18% HIGHER; reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $319.8 million versus the consensus estimate of $313.61 million. Sees Q2 2012 EPS of $0.32-$0.36, versus the consensus of $0.33. Sees Q2 2012 revenue of $305-$320 million, versus the consensus of $316.15 million. Sees FY2012 EPS of $1.58-$1.62, versus the consensus of $1.49. Sees FY2012 revenue of $1.31-$1.33 billion, versus the consensus of $1.32 billion.
Monster Worldwide, Inc. (NYSE: MWW) 17.3% LOWER; reported Q4 EPS of $0.11, $0.01 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $250 million versus the consensus estimate of $258.9 million. Cutting about 7 percent of staff. Sees Q1 sales down 3-7 percent and EPS breakeven to 4 cents. Street currently expecting quarterly EPS of 9 cents.
EntreMed (Nasdaq: ENMD) 16.3% HIGHER; continuing a very sharp rally over the last two weeks. The stock is up nearly 150 percent over the last seven trading sessions.
Arctic Cat, Inc. (NASDAQ: ACAT) 15.5% HIGHER; reported Q3 EPS of $0.92, $0.33 better than the analyst estimate of $0.59. Revenue for the quarter came in at $207 million versus the consensus estimate of $181.84 million. Sees FY2012 EPS of $1.60-$1.70, versus prior guidance of $1.10-$1.15 and the consensus of $1.22. Sees FY2012 revenue of $568-$575 million, versus prior guidance of $530-$545 million and the consensus of $544.05 million.
Republic Airways (Nasdaq: RJET) 14.6% HIGHER; sees Q4 adj-EPS of 31-36 cents, vs. the consensus of 9 cents. Sees an impairment charge of about $4.5-$5 million per aircraft.
National Bank of Greece (NYSE: NBG) 14.4% HIGHER; stock continuing higher, now up more than 90 percent since a low set on Jan. 10th.
Biolase Technology (Nasdaq: BLTI) 14.1% HIGHER; pushing over the $3 level on very heavy volume today.
Logitech International Sa (NASDAQ: LOGI) 13.1% LOWER; reported Q3 EPS of $0.32, $0.08 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $715 million versus the consensus estimate of $768.33 million. Logitech International Sa sees FY2012 operating income of approximately $60 million. Logitech International Sa sees FY2012 revenue of ~$2.3 billion, versus the consensus of $2.4 billion.
Carbo Ceramics, Inc. (NYSE: CRR) 11.7% LOWER; reported Q4 EPS of $1.43, $0.27 worse than the analyst estimate of $1.70. Revenue for the quarter came in at $158.12 million versus the consensus estimate of $179.24 million.
E*Trade Financial Corp. (NASDAQ: ETFC) 11.5% LOWER; reported Q4 EPS of ($0.02), $0.22 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $475 million versus the consensus estimate of $488.94 million. E*TRADE reported DARTs of 140,000 during the quarter, a decrease of 15 percent from the prior quarter and seven percent versus the same quarter a year ago. DARTs for the full year were 157,000, up from 151,000 in 2010. The stock was downgraded at Goldman.
Mellanox Technologies, Ltd. (NASDAQ: MLNX) 11.4% HIGHER; reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $72.7 million versus the consensus estimate of $71.43 million.
Quantum Corp. (NYSE: QTM) 11.4% LOWER; reported Q3 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $173 million versus the consensus estimate of $171.11 million. Sees Q4 2012 GAAP gross margin and non-GAAP gross margin rates slightly below those in FQ3'12. Sees Q4 2012 revenue of $160-$170 million, versus the consensus of $169.73 million.
JCPenney (NYSE: JCP) 11.1% HIGHER; shares jump as, at the company's Analyst Meeting, CEO Ron Johnson is laying out 2012's strategy. The company expects to meet or beat FY10 earnings this year. JCPenney is expecting stronger performance during the second half of this year. Click here to see the full report.
Sandisk Corp (NASDAQ: SNDK) 10.2% LOWER; reported Q4 EPS of $1.29, $0.03 better than the analyst estimate of $1.26. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.57 billion. Sees Q1 sales of $1.3-$1.35 billion, FY12 sales of $6.2-$6.6 billion. Street currently looking for Q1 sales of $1.46 billion and FY12 sales of $6.65 billion.
LSI (NYSE: LSI) 10.1% HIGHER; reported Q4 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $523 million versus the consensus estimate of $526.54 million. LSI sees Q1 2012 EPS of $0.09-$0.15, versus the consensus of $0.10. LSI sees Q1 2012 revenue of $550-$590 million, versus the consensus of $509.75 million.
Briggs & Stratton Corp. (NYSE: BGG) 9.8% LOWER; reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $447.9 million versus the consensus estimate of $457.06 million. Briggs & Stratton Corp. sees FY2012 EPS of $1.15-$1.35, versus the consensus of $1.27. Also announced a restructuring.
Greenhill & Co., Inc. (NYSE: GHL) 9.4% HIGHER; reported Q4 EPS of $0.67, $0.06 better than the analyst estimate of $0.61. Revenue for the quarter came in at $94.5 million versus the consensus estimate of $83.66 million. The stock was upgraded at Goldman.
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RealNetworks, Inc. (Nasdaq: RNWK) 31.8% HIGHER; today announced that it has signed an agreement to sell a significant number of its patents and its next generation video codec software to Intel Corporation (Nasdaq: INTC) for a purchase price of $120 million. Under terms of the sale, RealNetworks retains certain rights to continue to use the patents in current and future products.
Netflix, Inc. (NASDAQ: NFLX) 22% HIGHER; reported Q4 EPS of $0.73, $0.18 better than the analyst estimate of $0.55. Sales of $875.6 million, which compares to the Street estimate of $857 million. Netflix, Inc. sees Q1 2012 EPS of $-0.16-$-0.49, versus the consensus of $-0.29. Sees Q1 sales of $842-$877 million, vs. the consensus of $845.6 million. The stock was upgraded at Gabelli and Citi.
Momenta (Nasdaq: MNTA) 18.2% LOWER; Amphastar won appeals court stay in generic LOVENOX case.
Parametric Technology Corporation (NASDAQ: PMTC) 18% HIGHER; reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $319.8 million versus the consensus estimate of $313.61 million. Sees Q2 2012 EPS of $0.32-$0.36, versus the consensus of $0.33. Sees Q2 2012 revenue of $305-$320 million, versus the consensus of $316.15 million. Sees FY2012 EPS of $1.58-$1.62, versus the consensus of $1.49. Sees FY2012 revenue of $1.31-$1.33 billion, versus the consensus of $1.32 billion.
Monster Worldwide, Inc. (NYSE: MWW) 17.3% LOWER; reported Q4 EPS of $0.11, $0.01 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $250 million versus the consensus estimate of $258.9 million. Cutting about 7 percent of staff. Sees Q1 sales down 3-7 percent and EPS breakeven to 4 cents. Street currently expecting quarterly EPS of 9 cents.
EntreMed (Nasdaq: ENMD) 16.3% HIGHER; continuing a very sharp rally over the last two weeks. The stock is up nearly 150 percent over the last seven trading sessions.
Arctic Cat, Inc. (NASDAQ: ACAT) 15.5% HIGHER; reported Q3 EPS of $0.92, $0.33 better than the analyst estimate of $0.59. Revenue for the quarter came in at $207 million versus the consensus estimate of $181.84 million. Sees FY2012 EPS of $1.60-$1.70, versus prior guidance of $1.10-$1.15 and the consensus of $1.22. Sees FY2012 revenue of $568-$575 million, versus prior guidance of $530-$545 million and the consensus of $544.05 million.
Republic Airways (Nasdaq: RJET) 14.6% HIGHER; sees Q4 adj-EPS of 31-36 cents, vs. the consensus of 9 cents. Sees an impairment charge of about $4.5-$5 million per aircraft.
National Bank of Greece (NYSE: NBG) 14.4% HIGHER; stock continuing higher, now up more than 90 percent since a low set on Jan. 10th.
Biolase Technology (Nasdaq: BLTI) 14.1% HIGHER; pushing over the $3 level on very heavy volume today.
Logitech International Sa (NASDAQ: LOGI) 13.1% LOWER; reported Q3 EPS of $0.32, $0.08 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $715 million versus the consensus estimate of $768.33 million. Logitech International Sa sees FY2012 operating income of approximately $60 million. Logitech International Sa sees FY2012 revenue of ~$2.3 billion, versus the consensus of $2.4 billion.
Carbo Ceramics, Inc. (NYSE: CRR) 11.7% LOWER; reported Q4 EPS of $1.43, $0.27 worse than the analyst estimate of $1.70. Revenue for the quarter came in at $158.12 million versus the consensus estimate of $179.24 million.
E*Trade Financial Corp. (NASDAQ: ETFC) 11.5% LOWER; reported Q4 EPS of ($0.02), $0.22 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $475 million versus the consensus estimate of $488.94 million. E*TRADE reported DARTs of 140,000 during the quarter, a decrease of 15 percent from the prior quarter and seven percent versus the same quarter a year ago. DARTs for the full year were 157,000, up from 151,000 in 2010. The stock was downgraded at Goldman.
Mellanox Technologies, Ltd. (NASDAQ: MLNX) 11.4% HIGHER; reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $72.7 million versus the consensus estimate of $71.43 million.
Quantum Corp. (NYSE: QTM) 11.4% LOWER; reported Q3 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $173 million versus the consensus estimate of $171.11 million. Sees Q4 2012 GAAP gross margin and non-GAAP gross margin rates slightly below those in FQ3'12. Sees Q4 2012 revenue of $160-$170 million, versus the consensus of $169.73 million.
JCPenney (NYSE: JCP) 11.1% HIGHER; shares jump as, at the company's Analyst Meeting, CEO Ron Johnson is laying out 2012's strategy. The company expects to meet or beat FY10 earnings this year. JCPenney is expecting stronger performance during the second half of this year. Click here to see the full report.
Sandisk Corp (NASDAQ: SNDK) 10.2% LOWER; reported Q4 EPS of $1.29, $0.03 better than the analyst estimate of $1.26. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.57 billion. Sees Q1 sales of $1.3-$1.35 billion, FY12 sales of $6.2-$6.6 billion. Street currently looking for Q1 sales of $1.46 billion and FY12 sales of $6.65 billion.
LSI (NYSE: LSI) 10.1% HIGHER; reported Q4 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $523 million versus the consensus estimate of $526.54 million. LSI sees Q1 2012 EPS of $0.09-$0.15, versus the consensus of $0.10. LSI sees Q1 2012 revenue of $550-$590 million, versus the consensus of $509.75 million.
Briggs & Stratton Corp. (NYSE: BGG) 9.8% LOWER; reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $447.9 million versus the consensus estimate of $457.06 million. Briggs & Stratton Corp. sees FY2012 EPS of $1.15-$1.35, versus the consensus of $1.27. Also announced a restructuring.
Greenhill & Co., Inc. (NYSE: GHL) 9.4% HIGHER; reported Q4 EPS of $0.67, $0.06 better than the analyst estimate of $0.61. Revenue for the quarter came in at $94.5 million versus the consensus estimate of $83.66 million. The stock was upgraded at Goldman.
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