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Morning Movers 06/14: (LMLP) (YUII) (HTHC) (HTZ) Higher; (COOL) (PCRX) (DTG) Lower

June 14, 2011 10:08 AM EDT
LML Payment Systems (Nasdaq: LMLP) 18.8% HIGHER; reports Q4 EPS of $0.26, versus a loss of $0.01 reported for the same period a year ago. Revenue for the quarter was $25.2 million, compared to $3.6 million in Q1 of 2010.

Yuhe International, Inc. (Nasdaq: YUII) 13.6% HIGHER; reports that certain officers and executives have completed the previously announced executive stock purchase plan, by which they purchased the Company's common stock for their personal accounts on the open market at prevailing market prices. The stock has been extremely volatile over the last few sessions: down 16 percent on Thursday, up 9 percent on Friday, down 13 percent yesterday.

Hutchinson Technology Incorporated (Nasdaq: HTCH) 13.5% HIGHER; today revised its outlook for its fiscal 2011 third quarter ending June 26, 2011. The company now expects its third quarter suspension assembly shipments to increase approximately 10 percent compared with its second quarter shipments of 102.3 million. Over its previous expectation of flat.

Majesco Entertainment Company (NASDAQ: COOL) 13.5% LOWER; reported Q2 EPS of $0.05 and non-GAAP EPS of $0.13, $0.06 better than the analyst estimate of $0.07. Revenue for the quarter came in at $32.1 million versus the consensus estimate of $25.5 million.

Pacira Pharmaceuticals, Inc., (Nasdaq: PCRX) 13.5% LOWER; reports that the U.S. FDA has extended the Prescription Drug User Fee Act goal date for its review of the New Drug Application for EXPAREL (Bupivacaine Extended-Release Liposome Injection) by three months. The new PDUFA goal date is October 28, 2011.

Hertz (NYSE: HTZ) 10.9% HIGHER; likely trading higher amid news Avis (NYSE: CAR) will buy Avis Europe.

Demand Media (NYSE: DMD) 10.3% HIGHER; Goldman Sachs upgraded the stock from Neutral to Buy, saying the stock has overreacted to the impact of Google's "Panda 2" algorithm changes.

Simcere Pharma (NYSE: SCR) 10.1% LOWER; has traded lower each day since settling with Jiangsu Quanyi. The stock is now down nearly 30 percent since then.

Dollar Thrifty (NYSE: DTG) 9% LOWER; trading lower amid Avis's acquisition of Avis Europe.

To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.

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