Morning Movers 03/17: (UCBI) (RNIN) (MAXY) (SWS) Higher; (GMR) (SANM) (CBEH) Lower
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United Community Banks (Nasdaq: UCBI) 29.4% HIGHER; reports that it has entered a pact to raise $380 million through stock and preferred shares. The company will sell shares at $1.90/share. The company said it expects charges of $140-$155 million related to the capital raise.
Wireless Ronin Technologies, Inc. (Nasdaq: RNIN) 27.1% HIGHER; announced today that it has entered into a teaming and co-marketing agreement with Sprint (NYSE: S) to offer customers a comprehensive, fully-hosted digital signage and content management solution. The partnership pairs Sprint wireless technologies with Wireless Ronin's end-to-end corporate digital signage network.
Maxygen, Inc. (Nasdaq: MAXY) 26.8% HIGHER; today announced that Astellas Pharma Inc. has exercised its option to purchase all of Maxygen’s equity interests in Perseid Therapeutics LLC at the current exercise price of $76.0 million.
General Maritime (NYSE: GMR) 24% LOWER; files to delay its 10-K. The company expects to report an adjusted-loss of about $89 million.
SWS Group (NYSE: SWS) 21.4% HIGHER; hearing that Sterne Agee has offered to buy the company for $203 million in cash.
Flotek (NYSE: FTK) 20.5% HIGHER; reports Q4 sales of $47.5 million, vs. the consensus of $40.79 million.
Sanmina-SCI Corporation (Nasdaq: SANM) 17.2% LOWER; announced that its President and COO Hari Pillai resigned and also lowered its second quarter outlook. Sanmina expects revenue for the second quarter to be in the range of $1.56 to $1.60 billion and non-GAAP earnings per share to be in the range of $0.28 to $0.32. The consensus is $1.65 billion and $0.41, respectively. The company cited "a delay in defense market projects and shipments due to Federal budget uncertainty, recently resolved labor strike in India delaying certain product shipments, and short-term softness in the optical market near the end of the quarter."
China Integrated Energy (Nasdaq: CBEH) 15.2% LOWER; shares are continuing lower today following a 16% decline yesterday amid fraud allegations from unidentified research group Sinclair Upton Research. Volume remains very heavy.
YRC Worldwide (Nasdaq: YRCW) 15% LOWER; the stock can not get any traction after falling below the $2 level on Wednesday. Shares tumbled nearly 30% yesterday.
SciClone Pharmaceuticals, Inc. (Nasdaq: SCLN) 14.8% LOWER; expects Q410 revs of $23.60 million, versus the consensus of $23.50 million. FY10 revs expected to be $85.1 million, with EPS in the prior range of $0.41 - $0.46. Consensus is expecting revs of $85.07 million and an EPS of $0.47.
AgFeed Industries, Inc. (NASDAQ: FEED) 13.4% LOWER; reported Q4 EPS of ($0.42), which may not compare to the analyst estimate of $0.02. Revenue for the quarter came in at $99.5 million versus the consensus estimate of $88.19 million.
Coffee Holding Co. (NYSE: JVA) 11.2% HIGHER; reports Q1 EPS of $0.19, versus $0.10 reported for the same period a year ago. Revenue for the quarter was $25.6 million, compared to $21.4 million in Q110.
Winnebago Industries Inc. (NYSE: WGO) 10.8% LOWER; reported Q2 EPS of $0.11, $0.07 better than the analyst estimate of $0.04. Revenue for the quarter came in at $106.9 million versus the consensus estimate of $105.9 million.
Guess? Inc. (NYSE: GES) 10.5% LOWER; reported Q4 EPS of $1.06, in-line with the analyst estimate of $1.06. Revenue for the quarter came in at $756.9 million versus the consensus estimate of $725.9 million. Fourth-quarter comps down 1.1%. Announce $250 million buyback. Sees Q1 2011 EPS of $0.41-$0.44, versus the consensus of $0.61. Guess? Inc. sees Q1 2011 revenue of $555-$570 million, versus the consensus of $595.63 million. For the full-year 2012, the company sees sales $2.72 billion to $2.82 billion, versus the estimate $2.75 billion. Sees FY12 EPS of $3.30 to $3.50, versus estimate of $3.50.
FUQI International (Nasdaq: FUQI) 10.5% LOWER; last night delayed its 10-K filing, saying that it doesn't expect to file within the previously announced extension period.
Star Scientific, Inc. (Nasdaq: CIGX) 10% HIGHER; has elected Richard Sharp to their Board of Directors. Sharp is the former CEO and Chairman of Circuit City. The company also filed its 10-K.
ShoreTel (NASDAQ: SHOR) 9% HIGHER; Stifel Nicolaus upgraded the stock from Hold to Buy.
Microvision (Nasdaq: MVIS) 9% HIGHER; traders are buying the dip today following a 6% decline on Monday, a 5.7% decline on Tuesday and a 7.5% move lower yesterday.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Wireless Ronin Technologies, Inc. (Nasdaq: RNIN) 27.1% HIGHER; announced today that it has entered into a teaming and co-marketing agreement with Sprint (NYSE: S) to offer customers a comprehensive, fully-hosted digital signage and content management solution. The partnership pairs Sprint wireless technologies with Wireless Ronin's end-to-end corporate digital signage network.
Maxygen, Inc. (Nasdaq: MAXY) 26.8% HIGHER; today announced that Astellas Pharma Inc. has exercised its option to purchase all of Maxygen’s equity interests in Perseid Therapeutics LLC at the current exercise price of $76.0 million.
General Maritime (NYSE: GMR) 24% LOWER; files to delay its 10-K. The company expects to report an adjusted-loss of about $89 million.
SWS Group (NYSE: SWS) 21.4% HIGHER; hearing that Sterne Agee has offered to buy the company for $203 million in cash.
Flotek (NYSE: FTK) 20.5% HIGHER; reports Q4 sales of $47.5 million, vs. the consensus of $40.79 million.
Sanmina-SCI Corporation (Nasdaq: SANM) 17.2% LOWER; announced that its President and COO Hari Pillai resigned and also lowered its second quarter outlook. Sanmina expects revenue for the second quarter to be in the range of $1.56 to $1.60 billion and non-GAAP earnings per share to be in the range of $0.28 to $0.32. The consensus is $1.65 billion and $0.41, respectively. The company cited "a delay in defense market projects and shipments due to Federal budget uncertainty, recently resolved labor strike in India delaying certain product shipments, and short-term softness in the optical market near the end of the quarter."
China Integrated Energy (Nasdaq: CBEH) 15.2% LOWER; shares are continuing lower today following a 16% decline yesterday amid fraud allegations from unidentified research group Sinclair Upton Research. Volume remains very heavy.
YRC Worldwide (Nasdaq: YRCW) 15% LOWER; the stock can not get any traction after falling below the $2 level on Wednesday. Shares tumbled nearly 30% yesterday.
SciClone Pharmaceuticals, Inc. (Nasdaq: SCLN) 14.8% LOWER; expects Q410 revs of $23.60 million, versus the consensus of $23.50 million. FY10 revs expected to be $85.1 million, with EPS in the prior range of $0.41 - $0.46. Consensus is expecting revs of $85.07 million and an EPS of $0.47.
AgFeed Industries, Inc. (NASDAQ: FEED) 13.4% LOWER; reported Q4 EPS of ($0.42), which may not compare to the analyst estimate of $0.02. Revenue for the quarter came in at $99.5 million versus the consensus estimate of $88.19 million.
Coffee Holding Co. (NYSE: JVA) 11.2% HIGHER; reports Q1 EPS of $0.19, versus $0.10 reported for the same period a year ago. Revenue for the quarter was $25.6 million, compared to $21.4 million in Q110.
Winnebago Industries Inc. (NYSE: WGO) 10.8% LOWER; reported Q2 EPS of $0.11, $0.07 better than the analyst estimate of $0.04. Revenue for the quarter came in at $106.9 million versus the consensus estimate of $105.9 million.
Guess? Inc. (NYSE: GES) 10.5% LOWER; reported Q4 EPS of $1.06, in-line with the analyst estimate of $1.06. Revenue for the quarter came in at $756.9 million versus the consensus estimate of $725.9 million. Fourth-quarter comps down 1.1%. Announce $250 million buyback. Sees Q1 2011 EPS of $0.41-$0.44, versus the consensus of $0.61. Guess? Inc. sees Q1 2011 revenue of $555-$570 million, versus the consensus of $595.63 million. For the full-year 2012, the company sees sales $2.72 billion to $2.82 billion, versus the estimate $2.75 billion. Sees FY12 EPS of $3.30 to $3.50, versus estimate of $3.50.
FUQI International (Nasdaq: FUQI) 10.5% LOWER; last night delayed its 10-K filing, saying that it doesn't expect to file within the previously announced extension period.
Star Scientific, Inc. (Nasdaq: CIGX) 10% HIGHER; has elected Richard Sharp to their Board of Directors. Sharp is the former CEO and Chairman of Circuit City. The company also filed its 10-K.
ShoreTel (NASDAQ: SHOR) 9% HIGHER; Stifel Nicolaus upgraded the stock from Hold to Buy.
Microvision (Nasdaq: MVIS) 9% HIGHER; traders are buying the dip today following a 6% decline on Monday, a 5.7% decline on Tuesday and a 7.5% move lower yesterday.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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