Morning Movers 02/24: (CRFN) (ROYL) (MXC) (FARO) (PPO) Higher; (SLXP) (VSCP) (AXTI) Lower
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Crescent Financial (Nasdaq: CRFN) 93.6% HIGHER; and Piedmont Community Bank Holdings, Inc., announced today that they have entered into a definitive agreement pursuant to which Piedmont will invest $75 million in Crescent and therefore acquire a majority interest in the company. Piedmont will get Crescent shares for $4/share.
Royale Energy (Nasdaq: ROYL) 50.1% HIGHER; with crude oil prices now crossing the $100 per barrel level, a number of speculative oil plays which received massive attention in the rally during 2008 are now coming back into play.
Mexco Energy (AMEX: MXC) 33.3% HIGHER; see Royale Energy.
Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) 22.2% LOWER; said based on a telephone conversation with the FDA last evening, it anticipates receiving a Complete Response Letter on or before the March 7, 2011 PDUFA goal date for the supplemental New Drug Application for XIFAXAN® (rifaximin) 550 mg tablets for the proposed indication of treatment of non-constipation irritable bowel syndrome (Non-C IBS) and IBS-related bloating. The stock was downgraded at JMP Securities and upgraded at Duncan Williams.
FARO Technologies Inc. (NASDAQ: FARO) 21% HIGHER; reported Q4 EPS of $0.29, $0.03 better than the analyst estimate of $0.26. Revenue for the quarter came in at $58.5 million versus the consensus estimate of $51.93 million.
Polypore International Inc. (NYSE: PPO) 17.8% HIGHER; reported Q4 EPS of $0.42, $0.08 better than the analyst estimate of $0.34. Revenue for the quarter came in at $169.5 million versus the consensus estimate of $160.31 million.
KV Pharma (NYSE: KV-A) (NYSE: KV.A) 17% HIGHER; traders are buying the dip today following a 15% decline on Tuesday and a 11% decline yesterday. Shares surged 92% last week. The stock has retaken several important technical levels.
Pyramid Oil (AMEX: PDO) 16.7% HIGHER; another spec. oil play.
Blue Dolphin (Nasdaq: BDCO) 16.6% HIGHER; another spec. oil play. This stock rose 40% on Tuesday and another 80% yesterday.
Brush Engineered Materials (NYSE: BW) 16.5% HIGHER; reported Q4 EPS of $0.61, $0.15 better than the analyst estimate of $0.46. Revenue for the quarter came in at $356 million versus the consensus estimate of $305.13 million. Sees FY2011 EPS of $2.20-$2.50, versus the consensus of $2.32. Sees FY2011 revenue of $1.45-$1.50 billion, versus the consensus of $1.33 billion.
Northern Dynasty AMEX: NKA) 16% HIGHER; says preliminary environmental assessment confirms Pebble copper/gold/moly project in Alaska as economically robust.
Fieldpoint Petroleum (AMEX: FPP) 13.8% HIGHER; another spec. oil play.
Lucas Energy (AMEX: LEI) 13.5% HIGHER; trading higher with the entire oil & gas group. The stock seems to have tested the $2 level and bounced above it.
VirtualScopics, Inc. (Nasdaq: VSCP) 13% LOWER; reports Q4 loss of $0.06, 6 cents better than the analyst estimate of $0.00. Revenue for the quarter came in at $3.51 million, versus the consensus estimate of $3.72 million.
Titan International Inc. (NYSE: TWI) 12% HIGHER; reported Q4 EPS of $0.16, $0.11 better than the analyst estimate of $0.05. Revenue for the quarter came in at $232.7 million versus the consensus estimate of $193.9 million.
AXT Inc. (NASDAQ: AXTI) 11.4% LOWER; reported Q4 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $26.9 million versus the consensus estimate of $28.9 million. Sees Q1 2011 EPS of $0.11-$0.13, versus the consensus of $0.14. Sees Q1 2011 revenue of $24-$25 million, versus the consensus of $27.37 million.
ISTA Pharmaceuticals Inc. (NASDAQ: ISTA) 11.3% LOWER; reported Q4 EPS of $0.14, $0.05 better than the analyst estimate of $0.09. Revenue for the quarter came in at $51.1 million versus the consensus estimate of $46.78 million. Reaffirms outlook.
MasTec, Inc. (NYSE: MTZ) 10.8% HIGHER; reported Q4 EPS of $0.44, $0.07 better than the analyst estimate of $0.37. Revenue for the quarter came in at $731 million versus the consensus estimate of $649.85 million. Sees Q1 EPS of $0.23, versus the consensus of $0.20. Sees Q1 revenue of $575 million, versus the consensus of $538.6 million. Sees FY11 EPS of $1.20-$1.23, versus the consensus of $1.20. Sees FY11 revenue of $2.65 billion, versus the consensus of $2.42 billion.
Kadant Inc. (NYSE: KAI) 10% HIGHER; reported Q4 EPS of $0.41, $0.13 better than the analyst estimate of $0.28. Revenue for the quarter came in at $73.3 million versus the consensus estimate of $64.88 million. Sees Q1 2011 EPS of $0.35-$0.37, versus the consensus of $0.26. Sees FY2011 EPS of $1.65-$1.75, versus the consensus of $1.49.
SatCon (Nasdaq: SATC) 9.9% HIGHER; following a nearly 27% sell-off yesterday following a Q4 miss, shares are getting some love today as Raymond James upgraded the stock to Outperform.
Caribou Coffee Company, Inc. (NASDAQ: CBOU) 9.8% HIGHER; reported Q4 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $77.9 million versus the consensus estimate of $75.69 million. The stock was upgraded at Baird this morning.
Lithia Motors (NYSE: LAD) 9.7% HIGHER; reported Q4 EPS of 21c, vs. the consensus of 12c. Sales came in at $555.6 million, vs. the consensus of $444.21 million.
Netease.com Inc. (NASDAQ: NTES) 8.5% HIGHER; reported Q4 EPS of $0.83, $0.13 better than the analyst estimate of $0.70. Revenue for the quarter came in at $254.5 million versus the consensus estimate of $220.17 million. The stock was upgraded at Brean Murray and Credit Suisse.
Magna International, Inc. (NYSE: MGA) 8.5% LOWER; reported Q4 EPS of $0.88, $0.12 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.22 billion. Sees FY2011 revenue of $25.6-$27.1 billion, versus the consensus of $26.32 billion. Board decided to increase the dividend by 39% to U.S. $0.25 per share, $1.00 annualized. The stock was downgraded at Wells Fargo earlier.
To get this report daily, goto http://www.streetinsider.com/entities/Morning+Movers.
Royale Energy (Nasdaq: ROYL) 50.1% HIGHER; with crude oil prices now crossing the $100 per barrel level, a number of speculative oil plays which received massive attention in the rally during 2008 are now coming back into play.
Mexco Energy (AMEX: MXC) 33.3% HIGHER; see Royale Energy.
Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) 22.2% LOWER; said based on a telephone conversation with the FDA last evening, it anticipates receiving a Complete Response Letter on or before the March 7, 2011 PDUFA goal date for the supplemental New Drug Application for XIFAXAN® (rifaximin) 550 mg tablets for the proposed indication of treatment of non-constipation irritable bowel syndrome (Non-C IBS) and IBS-related bloating. The stock was downgraded at JMP Securities and upgraded at Duncan Williams.
FARO Technologies Inc. (NASDAQ: FARO) 21% HIGHER; reported Q4 EPS of $0.29, $0.03 better than the analyst estimate of $0.26. Revenue for the quarter came in at $58.5 million versus the consensus estimate of $51.93 million.
Polypore International Inc. (NYSE: PPO) 17.8% HIGHER; reported Q4 EPS of $0.42, $0.08 better than the analyst estimate of $0.34. Revenue for the quarter came in at $169.5 million versus the consensus estimate of $160.31 million.
KV Pharma (NYSE: KV-A) (NYSE: KV.A) 17% HIGHER; traders are buying the dip today following a 15% decline on Tuesday and a 11% decline yesterday. Shares surged 92% last week. The stock has retaken several important technical levels.
Pyramid Oil (AMEX: PDO) 16.7% HIGHER; another spec. oil play.
Blue Dolphin (Nasdaq: BDCO) 16.6% HIGHER; another spec. oil play. This stock rose 40% on Tuesday and another 80% yesterday.
Brush Engineered Materials (NYSE: BW) 16.5% HIGHER; reported Q4 EPS of $0.61, $0.15 better than the analyst estimate of $0.46. Revenue for the quarter came in at $356 million versus the consensus estimate of $305.13 million. Sees FY2011 EPS of $2.20-$2.50, versus the consensus of $2.32. Sees FY2011 revenue of $1.45-$1.50 billion, versus the consensus of $1.33 billion.
Northern Dynasty AMEX: NKA) 16% HIGHER; says preliminary environmental assessment confirms Pebble copper/gold/moly project in Alaska as economically robust.
Fieldpoint Petroleum (AMEX: FPP) 13.8% HIGHER; another spec. oil play.
Lucas Energy (AMEX: LEI) 13.5% HIGHER; trading higher with the entire oil & gas group. The stock seems to have tested the $2 level and bounced above it.
VirtualScopics, Inc. (Nasdaq: VSCP) 13% LOWER; reports Q4 loss of $0.06, 6 cents better than the analyst estimate of $0.00. Revenue for the quarter came in at $3.51 million, versus the consensus estimate of $3.72 million.
Titan International Inc. (NYSE: TWI) 12% HIGHER; reported Q4 EPS of $0.16, $0.11 better than the analyst estimate of $0.05. Revenue for the quarter came in at $232.7 million versus the consensus estimate of $193.9 million.
AXT Inc. (NASDAQ: AXTI) 11.4% LOWER; reported Q4 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $26.9 million versus the consensus estimate of $28.9 million. Sees Q1 2011 EPS of $0.11-$0.13, versus the consensus of $0.14. Sees Q1 2011 revenue of $24-$25 million, versus the consensus of $27.37 million.
ISTA Pharmaceuticals Inc. (NASDAQ: ISTA) 11.3% LOWER; reported Q4 EPS of $0.14, $0.05 better than the analyst estimate of $0.09. Revenue for the quarter came in at $51.1 million versus the consensus estimate of $46.78 million. Reaffirms outlook.
MasTec, Inc. (NYSE: MTZ) 10.8% HIGHER; reported Q4 EPS of $0.44, $0.07 better than the analyst estimate of $0.37. Revenue for the quarter came in at $731 million versus the consensus estimate of $649.85 million. Sees Q1 EPS of $0.23, versus the consensus of $0.20. Sees Q1 revenue of $575 million, versus the consensus of $538.6 million. Sees FY11 EPS of $1.20-$1.23, versus the consensus of $1.20. Sees FY11 revenue of $2.65 billion, versus the consensus of $2.42 billion.
Kadant Inc. (NYSE: KAI) 10% HIGHER; reported Q4 EPS of $0.41, $0.13 better than the analyst estimate of $0.28. Revenue for the quarter came in at $73.3 million versus the consensus estimate of $64.88 million. Sees Q1 2011 EPS of $0.35-$0.37, versus the consensus of $0.26. Sees FY2011 EPS of $1.65-$1.75, versus the consensus of $1.49.
SatCon (Nasdaq: SATC) 9.9% HIGHER; following a nearly 27% sell-off yesterday following a Q4 miss, shares are getting some love today as Raymond James upgraded the stock to Outperform.
Caribou Coffee Company, Inc. (NASDAQ: CBOU) 9.8% HIGHER; reported Q4 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $77.9 million versus the consensus estimate of $75.69 million. The stock was upgraded at Baird this morning.
Lithia Motors (NYSE: LAD) 9.7% HIGHER; reported Q4 EPS of 21c, vs. the consensus of 12c. Sales came in at $555.6 million, vs. the consensus of $444.21 million.
Netease.com Inc. (NASDAQ: NTES) 8.5% HIGHER; reported Q4 EPS of $0.83, $0.13 better than the analyst estimate of $0.70. Revenue for the quarter came in at $254.5 million versus the consensus estimate of $220.17 million. The stock was upgraded at Brean Murray and Credit Suisse.
Magna International, Inc. (NYSE: MGA) 8.5% LOWER; reported Q4 EPS of $0.88, $0.12 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.22 billion. Sees FY2011 revenue of $25.6-$27.1 billion, versus the consensus of $26.32 billion. Board decided to increase the dividend by 39% to U.S. $0.25 per share, $1.00 annualized. The stock was downgraded at Wells Fargo earlier.
To get this report daily, goto http://www.streetinsider.com/entities/Morning+Movers.
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