Morning Movers 05/24: (SIFY) (FPIC) (PHC) (DSW) Higher; (INVE) (CBRL) Lower
Sify Technologies Limited (Nasdaq: SIFY) 34% HIGHER; announces a partnership with Deutsche Telekom International Carrier Sales & Solutions which "will provide customers and partners with top-of-the-line IP and VPN services in India and Europe, by leveraging on each others investments in Submarine, Terrestrial Networks and local network reach as well as regional partnership to reach new growth markets in South Asian, Middle East & Africa markets."
FPIC Insurance Group, Inc. (Nasdaq: FPIC) 28.9% HIGHER; reports that it will be acquired by The Doctors Company for $42 per share in cash, or total consideration of $362 million. Closing is expected in Q411.
PHC, Inc., d/b/a Pioneer Behavioral Health (AMEX: PHC) 22.7% HIGHER; and Acadia Healthcare Company, Inc. today announced the signing of a definitive merger agreement. Upon the completion of the merger, Acadia stockholders will own approximately 77.5% of the combined company, and PHC stockholders will own approximately 22.5% of the combined company.
DSW Inc. (NYSE: DSW) 17% HIGHER; reported Q1 EPS of $0.87, $0.12 better than the analyst estimate of $0.75. Revenue for the quarter came in at $503.6 million versus the consensus estimate of $486.54 million. DSW Inc. sees FY2011 EPS of $2.65-$2.80, versus prior guidance of $2.60-$2.75 and the consensus of $2.71.
Retail Ventures (NYSE: RVI) 16.8% HIGHER; trading higher amid strong earnings at DSW.
Identive Group, Inc. (Nasdaq: INVE) 12.2% LOWER; priced a 7,843,137 common stock offering a $2.55 per share. The price is a 13.3 percent discount to yesterdays closing of $2.94.
Perfect World Co. (NASDAQ: PWRD) 10% HIGHER; reported Q1 EPS of $0.88, ex-items, which may not compare to the analyst estimate of $0.55. Revenue for the quarter came in at $110.1 million versus the consensus estimate of $99.57 million. Sees Q2 sales of RMB 685-RMB 721 million.
Cracker Barrel Old Country Store, Inc,. (NASDAQ: CBRL) 9.5% LOWER; reported Q3 EPS of $0.58, $0.08 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $582.5 million versus the consensus estimate of $594.45 million. Comparable store restaurant sales for the quarter decreased 0.3%. Sees FY2011 EPS of $3.80-$3.90, versus the consensus of $4.09. The Company presently expects fourth quarter fiscal 2011 total revenue to increase approximately 1.0 to 2.5% over revenue in the fourth quarter of fiscal 2010.
Rediff.Com India Ltd (NASDAQ: REDF) 9.5% HIGHER; reported Q4 loss of $0.08, versus ($0.08) reported last year. Revenue for the quarter came in at $5.64 million, versus $4.96 million reported last year.
GT Solar International, Inc. (NASDAQ: SOLR) 8.5% HIGHER; reported Q4 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $271.6 million versus the consensus estimate of $223.64 million. Raises its FY2012 EPS guidance to $1.55-$1.85, versus prior guidance of $1.25-$1.50 and the consensus of $1.45. Sales move from $850 million-$1 billion to $1-$1.1 billion, versus the consensus of $966.41 million.
Pharmasset (NASDAQ: VRUS) 8% HIGHER; JPMorgan doubled their price target on Overweight-rated Pharmasset from $100 to $200 citing momentum for nuc class. The firm said PSI-7977 may become dominate in the class with nucs becoming dominate in Hepatitis C when launched.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
FPIC Insurance Group, Inc. (Nasdaq: FPIC) 28.9% HIGHER; reports that it will be acquired by The Doctors Company for $42 per share in cash, or total consideration of $362 million. Closing is expected in Q411.
PHC, Inc., d/b/a Pioneer Behavioral Health (AMEX: PHC) 22.7% HIGHER; and Acadia Healthcare Company, Inc. today announced the signing of a definitive merger agreement. Upon the completion of the merger, Acadia stockholders will own approximately 77.5% of the combined company, and PHC stockholders will own approximately 22.5% of the combined company.
DSW Inc. (NYSE: DSW) 17% HIGHER; reported Q1 EPS of $0.87, $0.12 better than the analyst estimate of $0.75. Revenue for the quarter came in at $503.6 million versus the consensus estimate of $486.54 million. DSW Inc. sees FY2011 EPS of $2.65-$2.80, versus prior guidance of $2.60-$2.75 and the consensus of $2.71.
Retail Ventures (NYSE: RVI) 16.8% HIGHER; trading higher amid strong earnings at DSW.
Identive Group, Inc. (Nasdaq: INVE) 12.2% LOWER; priced a 7,843,137 common stock offering a $2.55 per share. The price is a 13.3 percent discount to yesterdays closing of $2.94.
Perfect World Co. (NASDAQ: PWRD) 10% HIGHER; reported Q1 EPS of $0.88, ex-items, which may not compare to the analyst estimate of $0.55. Revenue for the quarter came in at $110.1 million versus the consensus estimate of $99.57 million. Sees Q2 sales of RMB 685-RMB 721 million.
Cracker Barrel Old Country Store, Inc,. (NASDAQ: CBRL) 9.5% LOWER; reported Q3 EPS of $0.58, $0.08 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $582.5 million versus the consensus estimate of $594.45 million. Comparable store restaurant sales for the quarter decreased 0.3%. Sees FY2011 EPS of $3.80-$3.90, versus the consensus of $4.09. The Company presently expects fourth quarter fiscal 2011 total revenue to increase approximately 1.0 to 2.5% over revenue in the fourth quarter of fiscal 2010.
Rediff.Com India Ltd (NASDAQ: REDF) 9.5% HIGHER; reported Q4 loss of $0.08, versus ($0.08) reported last year. Revenue for the quarter came in at $5.64 million, versus $4.96 million reported last year.
GT Solar International, Inc. (NASDAQ: SOLR) 8.5% HIGHER; reported Q4 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $271.6 million versus the consensus estimate of $223.64 million. Raises its FY2012 EPS guidance to $1.55-$1.85, versus prior guidance of $1.25-$1.50 and the consensus of $1.45. Sales move from $850 million-$1 billion to $1-$1.1 billion, versus the consensus of $966.41 million.
Pharmasset (NASDAQ: VRUS) 8% HIGHER; JPMorgan doubled their price target on Overweight-rated Pharmasset from $100 to $200 citing momentum for nuc class. The firm said PSI-7977 may become dominate in the class with nucs becoming dominate in Hepatitis C when launched.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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