Morning Movers 07/10: (CWTR) (BMTI) (CALL) Higher; (MAKO) (MTSN) (QTM) (DEST) (JRCC) Lower
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Coldwater Creek Inc. (Nasdaq: CWTR) 50.9% HIGHER; the company announced a the closing of a five-year, $65 million senior secured term loan provided by private equity firm Golden Gate Capital.
MAKO Surgical Corp. (Nasdaq: MAKO) 39.7% LOWER; based on the slower than expected start during the first six months of the year, MAKO now anticipates selling 42 to 48 RIO systems in 2012, which compares to prior guidance of 52 to 58 RIO system sales. Additionally, as a result of adjusted guidance for 2012 RIO sales, MAKO is narrowing 2012 MAKOplasty annual procedure guidance to 11,000 to 12,000, which compares to prior guidance of 11,000 to 13,000 procedures. Click here to see the full report.
Mattson Technology, Inc. (NASDAQ: MTSN) 30.5% LOWER; sees sales of $33 million to $35 million, from guidance of $40 million to $50 million. Reasoning behind the lowered outlook was primarily due to a customer requested delay in shipment of Suprema strip systems to a foundry. Sees net loss at low-end of ($0.06) to $0.02 outlook. The Street was modeling sales of $47.1 million and EPS of $0.00.
Quantum (NYSE: QTM) 22.9% LOWER; expecting sales of about $141 million on a non-GAAP loss of about 3-4 cents, below the guidance offered during its last earnings release on May 9th. Analysts on the Street were expecting breakeven on sales of $155.12 million.
Destination Maternity Corporation (Nasdaq: DEST) 21.6% LOWER; reports Q3 sales of $138.8 million, down 5.3 percent year-over-year. Comps fell 2.4 percent. GAAP diluted earnings per share for the third quarter will be between $0.51 and $0.53 per share, below the low end of prior earnings guidance range. Prior earnings guidance range for third quarter GAAP diluted earnings per share, as provided in our April 26, 2012 press release, was $0.57 to $0.70 per share.
James River Coal (Nasdaq: JRCC) 20.6% LOWER; sinking following Patriot Coal's Chapter 11 Bankruptcy filing.
BioMimetic Therapeutics, Inc. (NASDAQ: BMTI) 19.6% HIGHER; has submitted to the FDA an amendment to its Pre-Market Approval application for Augment® Bone Graft for its use as an alternative to autograft in hindfoot and ankle fusion procedures.
magicJack VocalTec, Ltd. (Nasdaq: CALL) 16.6% HIGHER; seeds Q2 sales of $37.5-$38.5 million and EPS of 48-52 cents per share. The Street is looking for EPS of $0.36 and sales of $35.9 million. The company boosted its FY12 GAAP EPS guidance from $1.25-$1.70 to $1.50-$1.80 and sees sales growth of 25-40 percent, compared to a forecast of 20-30 percent previously.
Jaguar Mining (NYSE: JAG) 16.1% LOWER; falling below the $1 level today on very heavy volume. Shares had fallen nearly 20 percent over the last four trading sessions. Traders may be attacking the stock amid Patriot Coal's bankruptcy.
Chelsea Therapeutics International, Ltd. (Nasdaq: CHTP) 14.5% LOWER; the company announced a large headcount reduction. The company's Founder, President and CEO Simon Pedder and its Chairman Kevan Clemens also announced their resignations.
MeetMe (AMEX: MEET) 14.3% LOWER; shares are continuing lower after breaking below support at $2 yesterday afternoon. Volume is very heavy today.
AerCap Holdings N.V. (NYSE: AER) 13.7% HIGHER; has hired an investment bank to "explore strategic opportunities," including a sale of all or part of the company, according to Flightglobal as noted by analysts at Wells Fargo. Click here to see the full report.
Ambow Education (Nasdaq: AMBO) 13% LOWER; shares now down nearly 50 percent since a surprise Q1 loss and concerning guidance on July 5th. The company's CFO Kung also resigned.
Helen Of Troy Ltd (NASDAQ: HELE) 11.2% LOWER; reported Q1 EPS of $0.74, $0.12 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $300.2 million versus the consensus estimate of $299.05 million. Sees FY2013 EPS of $3.70-$3.80, versus prior guidance of $3.80-$3.90 and the consensus of $3.90.
A123 (Nasdaq: AONE) 10.5% LOWER; technicians have pushed the stock back below $1 today following a brief move over that level in June. The stock is down nearly 29 percent over the last four sessions.
Bacterin International Holdings, Inc. (Amex: BONE) 10% HIGHER; announced its fourth national GPO (group purchasing organization) contract, a three-year agreement with the Premier healthcare alliance, one of the nations largest GPOs, serving over 2,600 hospitals and more than 84,000 other healthcare sites that represent over $43 billion in annual purchasing power.
AMD (NYSE: AMD) 9.8% LOWER; announced that revenue for the second quarter ended June 30, 2012 is expected to decrease approximately 11 percent sequentially. The company previously forecasted second quarter 2012 revenue to increase 3 percent, plus or minus 3 percent sequentially. The lower preliminary revenue results are primarily due to business conditions that materialized late in the second quarter, specifically softer-than-expected channel sales in China and Europe as well as a weaker consumer buying environment impacting the company's Original Equipment Manufacturer (OEM) business.
Bridgepoint Education (NYSE: BPI) 9.3% LOWER; downgraded at Piper Jaffray, William Blair and First Analysis this morning.
ASML Holding (Nasdaq: ASML) 8.8% HIGHER; announced it and Intel have entered into a series of agreements intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling 3.3 billion (approximately $4.1 billion). The first phase of this program consists of Intel committing to R&D funding of 553 million (approximately $680 million) to assist ASML in accelerating the development and delivery of 450-mm manufacturing tools, as well as an equity investment of 1.7 billion (approximately $2.1 billion) for approximately 10 percent of ASMLs pre-transaction issued shares. The second phase of the program is conditioned upon ASML shareholder approval. It includes an additional commitment by Intel of R&D funding of 276 million (approximately $340 million) in ASML focused on accelerating EUV, as well as an equity investment of 838 million (approximately $1.0 billion) for an additional 5 percent of ASML post-transaction issued shares.
MBIA (NYSE: MBI) 8.7% LOWER; shares gapped sharply lower after the price held below the 200-day simple moving average throughout yesterday's session. The stock is below a key level at $10 today. In an SEC filing earlier, MBIA disclosed it has been advised by the New York State Department of Financial Services that the NYSDFS has not yet determined whether to approve the request filed by MBIA Corp. to make the scheduled interest payment on the Notes due July 16, 2012.
Schulman (NASDAQ: SHLM) 8% HIGHER; reported Q3 EPS of $0.69, $0.07 better than the analyst estimate of $0.62. Revenue for the quarter came in at $569.1 million versus the consensus estimate of $565.6 million.
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MAKO Surgical Corp. (Nasdaq: MAKO) 39.7% LOWER; based on the slower than expected start during the first six months of the year, MAKO now anticipates selling 42 to 48 RIO systems in 2012, which compares to prior guidance of 52 to 58 RIO system sales. Additionally, as a result of adjusted guidance for 2012 RIO sales, MAKO is narrowing 2012 MAKOplasty annual procedure guidance to 11,000 to 12,000, which compares to prior guidance of 11,000 to 13,000 procedures. Click here to see the full report.
Mattson Technology, Inc. (NASDAQ: MTSN) 30.5% LOWER; sees sales of $33 million to $35 million, from guidance of $40 million to $50 million. Reasoning behind the lowered outlook was primarily due to a customer requested delay in shipment of Suprema strip systems to a foundry. Sees net loss at low-end of ($0.06) to $0.02 outlook. The Street was modeling sales of $47.1 million and EPS of $0.00.
Quantum (NYSE: QTM) 22.9% LOWER; expecting sales of about $141 million on a non-GAAP loss of about 3-4 cents, below the guidance offered during its last earnings release on May 9th. Analysts on the Street were expecting breakeven on sales of $155.12 million.
Destination Maternity Corporation (Nasdaq: DEST) 21.6% LOWER; reports Q3 sales of $138.8 million, down 5.3 percent year-over-year. Comps fell 2.4 percent. GAAP diluted earnings per share for the third quarter will be between $0.51 and $0.53 per share, below the low end of prior earnings guidance range. Prior earnings guidance range for third quarter GAAP diluted earnings per share, as provided in our April 26, 2012 press release, was $0.57 to $0.70 per share.
James River Coal (Nasdaq: JRCC) 20.6% LOWER; sinking following Patriot Coal's Chapter 11 Bankruptcy filing.
BioMimetic Therapeutics, Inc. (NASDAQ: BMTI) 19.6% HIGHER; has submitted to the FDA an amendment to its Pre-Market Approval application for Augment® Bone Graft for its use as an alternative to autograft in hindfoot and ankle fusion procedures.
magicJack VocalTec, Ltd. (Nasdaq: CALL) 16.6% HIGHER; seeds Q2 sales of $37.5-$38.5 million and EPS of 48-52 cents per share. The Street is looking for EPS of $0.36 and sales of $35.9 million. The company boosted its FY12 GAAP EPS guidance from $1.25-$1.70 to $1.50-$1.80 and sees sales growth of 25-40 percent, compared to a forecast of 20-30 percent previously.
Jaguar Mining (NYSE: JAG) 16.1% LOWER; falling below the $1 level today on very heavy volume. Shares had fallen nearly 20 percent over the last four trading sessions. Traders may be attacking the stock amid Patriot Coal's bankruptcy.
Chelsea Therapeutics International, Ltd. (Nasdaq: CHTP) 14.5% LOWER; the company announced a large headcount reduction. The company's Founder, President and CEO Simon Pedder and its Chairman Kevan Clemens also announced their resignations.
MeetMe (AMEX: MEET) 14.3% LOWER; shares are continuing lower after breaking below support at $2 yesterday afternoon. Volume is very heavy today.
AerCap Holdings N.V. (NYSE: AER) 13.7% HIGHER; has hired an investment bank to "explore strategic opportunities," including a sale of all or part of the company, according to Flightglobal as noted by analysts at Wells Fargo. Click here to see the full report.
Ambow Education (Nasdaq: AMBO) 13% LOWER; shares now down nearly 50 percent since a surprise Q1 loss and concerning guidance on July 5th. The company's CFO Kung also resigned.
Helen Of Troy Ltd (NASDAQ: HELE) 11.2% LOWER; reported Q1 EPS of $0.74, $0.12 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $300.2 million versus the consensus estimate of $299.05 million. Sees FY2013 EPS of $3.70-$3.80, versus prior guidance of $3.80-$3.90 and the consensus of $3.90.
A123 (Nasdaq: AONE) 10.5% LOWER; technicians have pushed the stock back below $1 today following a brief move over that level in June. The stock is down nearly 29 percent over the last four sessions.
Bacterin International Holdings, Inc. (Amex: BONE) 10% HIGHER; announced its fourth national GPO (group purchasing organization) contract, a three-year agreement with the Premier healthcare alliance, one of the nations largest GPOs, serving over 2,600 hospitals and more than 84,000 other healthcare sites that represent over $43 billion in annual purchasing power.
AMD (NYSE: AMD) 9.8% LOWER; announced that revenue for the second quarter ended June 30, 2012 is expected to decrease approximately 11 percent sequentially. The company previously forecasted second quarter 2012 revenue to increase 3 percent, plus or minus 3 percent sequentially. The lower preliminary revenue results are primarily due to business conditions that materialized late in the second quarter, specifically softer-than-expected channel sales in China and Europe as well as a weaker consumer buying environment impacting the company's Original Equipment Manufacturer (OEM) business.
Bridgepoint Education (NYSE: BPI) 9.3% LOWER; downgraded at Piper Jaffray, William Blair and First Analysis this morning.
ASML Holding (Nasdaq: ASML) 8.8% HIGHER; announced it and Intel have entered into a series of agreements intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling 3.3 billion (approximately $4.1 billion). The first phase of this program consists of Intel committing to R&D funding of 553 million (approximately $680 million) to assist ASML in accelerating the development and delivery of 450-mm manufacturing tools, as well as an equity investment of 1.7 billion (approximately $2.1 billion) for approximately 10 percent of ASMLs pre-transaction issued shares. The second phase of the program is conditioned upon ASML shareholder approval. It includes an additional commitment by Intel of R&D funding of 276 million (approximately $340 million) in ASML focused on accelerating EUV, as well as an equity investment of 838 million (approximately $1.0 billion) for an additional 5 percent of ASML post-transaction issued shares.
MBIA (NYSE: MBI) 8.7% LOWER; shares gapped sharply lower after the price held below the 200-day simple moving average throughout yesterday's session. The stock is below a key level at $10 today. In an SEC filing earlier, MBIA disclosed it has been advised by the New York State Department of Financial Services that the NYSDFS has not yet determined whether to approve the request filed by MBIA Corp. to make the scheduled interest payment on the Notes due July 16, 2012.
Schulman (NASDAQ: SHLM) 8% HIGHER; reported Q3 EPS of $0.69, $0.07 better than the analyst estimate of $0.62. Revenue for the quarter came in at $569.1 million versus the consensus estimate of $565.6 million.
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