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Morning Movers 04/13: (PRMW) (JOEZ) (CSTR) Higher; (PWAV) (NEI) (JADE) Lower

April 13, 2012 10:51 AM EDT
Primo Water Corporation (Nasdaq: PRMW) 40.6% HIGHER; has received a commitment from a senior lender to enter into a new long-term $20 million senior revolving credit facility.

Powerwave Technologies, Inc. (Nasdaq: PWAV) 33.5% LOWER; has provided preliminary revenue information for its fiscal first quarter ended April 1, 2012. Powerwave announced that it anticipates that revenues for its fiscal first quarter ended April 1, 2012 will be in the range of $40 million to $45 million. The Street currently sees revs of $62.30 million.

NEI (NYSE: NEI) 24.5% LOWER; reports preliminary sales for the quarter ending March were $65-$66 million, which compares to the Street estimate of $68.8 million. Sees sales for the quarter ending June as $51-$56 million, vs. the consensus estimate of $72.5 million.

Joe's Jean, Inc. (NASDAQ: JOEZ) 16.9% HIGHER; reported Q1 EPS of $0.01. Revenue for the quarter came in at $26 million versus the consensus estimate of $23.8 million.

LJ International Inc. (NASDAQ: JADE) 15.9% LOWER; will postpone its fourth quarter and full year 2011 earnings announcement on April 30, 2012, in order to allow sufficient time to ensure the completion of the year-end audit of the Company's consolidated financial statements. The Company originally scheduled its release for April 16, 2012, before the US market opens. The Company now expects its year-end audit to be completed by April 30, 2012, which will still be within the filing timeline.

Infosys Technologies Ltd (NASDAQ: INFY) 13.9% LOWER; reported Q4 EPS of $0.81, in-line with the analyst estimate of $0.81. Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.82 billion. Sees Q1 sales of $1.771-$1.789 billion, EPS expected to be about 73 cents. Sees FY13 sales of $7.553-$7.692 billion and EPS of $3.12-$3.17.

Coinstar (Nasdaq: CSTR) 9% HIGHER; reports preliminary Q1 EPS from continuing operations of $1.36-$1.40, which compares to the Street estimate of $0.90. Sales of $567-$569.2 million, vs. the consensus of $537.66 million. Raises its FY12 guidance from $2.08-$2.25 billion to $2.155-$2.28 billion, vs. the consensus of $2.22 billion. EPS move from $3.80-$4.30 to $4.40-$4.80, vs. the consensus of $4.09.

Sunesis Pharmaceuticals, Inc. (Nasdaq: SNSS) 8.8% HIGHER; Cantor Fitzgerald initiated Sunesis at Buy.


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