Morning Movers 10/27: SIMG, LOJN, CML, BSDM, FFIV, OII, JDAS, RFMD Higher; JNY, CT, CASB, SUF, TRID, TNP, KONA Lower
Up)
Silicon Image (Nasdaq: SIMG) 34.1% HIGHER; reports Q3 EPS of $0.18, 13 cents better than the analyst estimate of $0.05. Revenue for the quarter was $60.5 million, which compares to the estimate of $48.95 million. Sees Q410 revs of $46 - $48 million, compared to the consensus $45.35 million.
LoJack (Nasdaq: LOJN) 24.7% HIGHER; reports Q3 EPS of $0.15, cents better than the analyst estimate of ($0.07). Revenue for the quarter was $38.5 million, which compares to the estimate of $37.00 million.
The Jones Group (NYSE: JNY) 23.3% LOWER; reports Q3 adjusted EPS of $0.54, 3 cents better than the analyst estimate of $0.61. Revenue for the quarter was $1.02 billion, which compares to the estimate of $1.02 billion. The Company's Board of Directors has declared a regular quarterly cash dividend of $0.05 per share, $0.20 annualized.
Capital Trust, Inc. (NYSE: CT) 20.6% LOWER; reports Q3 loss of $6.02, versus a loss of $4.75 reported for the same period a year ago.
Cascade Financial Corp. (Nasdaq: CASB) 19.6% LOWER; reports Q3 GAAP loss of $0.54, vs. the analyst estimate of ($0.78) and compared to a loss of $2.02 during the same quarter last year. Revenue for the quarter was $ million, which compares to the estimate of $ million.
Compellent Technologies (NYSE: CML) 18.4% HIGHER; reports Q3 EPS of $0.15, ex-items, vs. the analyst estimate of $0.04. Revenue for the quarter was $42.1 million, which compares to the estimate of $38.05 million. The stock was also upgraded at Piper Jaffray and Craig-Hallum.
BSD Medical Corporation (Nasdaq: BSDM) 17.5% HIGHER; seeing a bid following an article in SeekingAlpha.com claiming the company could be a takeover target. The article states, "It's acquisition season. Companies are scooping up medtechs left and right. And that means Christmas could come early for BSD investors. Potential buyers had better hurry up with their bids, though, as it won’t be long before this little company blasts off."
SulphCo, Inc. (Amex: SUF) 17.2% LOWER; announced today that it had finalized the execution of Subscription Agreements on October 27, 2010 for the sale of 5 million shares of common stock at $0.50 per share in a registered direct offering. Net proceeds to SulphCo after fees and estimated expenses will be approximately $2.35 million.
Trident Microsystems Inc. (Nasdaq: TRID) 14.3% LOWER; reports Q3 non-GAAP EPS of $0.00, versus ($0.08) reported for the same period a year ago. Revenue for the quarter was $176.6 million, compared to $171.6 million in Q309. Sees Q41 revs of $130 - $140 million, compared to the consensus of $170 million.
Tsakos Energy Navigation Ltd. (NYSE: TNP) 14.1% LOWER; announces the offering of 7,623,328 common shares, which includes 896,861 shares being offered by entities affiliated with Tsakos family. TEN will use the net proceeds from the public offering for the expansion of its fleet and for general corporate purposes.
F5 Networks (Nasdaq: FFIV) 14% HIGHER; reports Q4 EPS of $0.79, ex-items, 8 cents better than the analyst estimate of $0.71. Revenue for the quarter was $254.3 million, which compares to the estimate of $248.23 million. Sees Q1 adj-EPS of 80-82c, vs. the consensus of 73c. Announces a $200 million share buyback.
Oceaneering International (NYSE: OII) 13.2% HIGHER; reports Q3 EPS of $1.09, vs. the analyst estimate of $0.94. Revenue for the quarter was $516.3 million, which compares to the estimate of $471.60 million. Sees Q4 EPS of 80-85c, vs. the consensus of 72c. Raises its FY10 EPS guidance from $3.20-$3.40 to $3.57-$3.62, vs. the consensus of $3.39. Sees FY11 EPS of $3.45-$3.75, which compares to the Street estimate of $3.54.
Kona Grill (Nasdaq: KONA) 12.3% LOWER; reports Q3 loss of $0.05, 1 cent better than the analyst estimate of ($0.06). Revenue for the quarter was $216 million, which compares to the estimate of $21.32 million. Same-store sales were flat.
JDA Software (Nasdaq: JDAS) 12% HIGHER; reports Q3 non-GAAP EPS of $0.47, 2 cents better than the analyst estimate of $0.45. Revenue for the quarter was $158.4 million, which compares to the estimate of $155.78 million. Sees higher of FY10 sales outlook.
RF Micro Device (Nasdaq: RFMD) 11.3% HIGHER; reports Q2 EPS of $0.19, 3 cents better than the analyst estimate of $0.16. Revenue for the quarter was $285.8 million, which compares to the estimate of $275.93 million.
Premiere Global Services, Inc. (NYSE: PGI) 11.3% HIGHER; last night announced that it has commenced a modified “Dutch Auction” cash tender offer for the purchase of up to $50.0 million of shares of its common stock at a price of not less than $6.75 per share and not greater than $7.75 per share. The tender offer may result in the purchase of up to approximately 7.4 million shares of its common stock, representing approximately 12% of total shares outstanding.
Ascent Solar Technologies, Inc. (Nasdaq: ASTI) 10.5% HIGHER; enters Memorandum of Understanding with The Energy and Resource Institute of New Delhi, India, in which TERI will perform testing and performance evaluation of Ascent Solar high efficiency flexible thin-film CIGS modules and study the feasibility of including Ascent’s modules for TERI’s flagship program “Lighting a Billion Lives” and other projects currently under development at TERI.
NETGEAR (Nasdaq: NTGR) 10.5% HIGHER; reports Q3 EPS of $0.45, 7 cents better than the analyst estimate of $0.38. Revenue for the quarter was $236 million, which compares to the estimate of $221.73 million. Sees Q4 revenues of $240-$250 million, versus the consensus of $239.37 million.
Sprint Nextel (NYSE: S) 10.3% LOWER; reports Q3 loss of $0.30, versus the analyst estimate of ($0.28). Revenue for the quarter was $8.15 billion, which compares to the estimate of $8.03 billion. Reaffirms FY10 CapEx outlook.
CSG Systems (Nasdaq: CSGS) 10% HIGHER; reports Q3 EPS of $0.59, 3 cents better than the analyst estimate of $0.56. Revenue for the quarter was $133.7 million, which compares to the estimate of $131.66 million. Sees FY10 Revenues between $522 - $530 million vs. $527.52M consensus and sees Non-GAAP EPS between $2.22 - $2.27 vs. $2.19 consensus.
Mercury Computer (Nasdaq: MRCY) 9.8% HIGHER; reports Q1 EPS from continuing operations of $0.16, which may not compare to the analyst estimate of $0.05. Revenue for the quarter was $52.1 million, which compares to the estimate of $49.41 million. Sees Q2 GAAP EPS of 10-12c, versus the consensus of 11c Sees Q2 revenues are expected to be in the range of approximately $54 million to $55 million, versus the consensus of $51.7 million.
Broadcom (Nasdaq: BRCM) 9.3% HIGHER; reports Q3 EPS of $0.60, which may not compare to the analyst estimate of $0.71 (GAAP consensus was $0.55). Revenue for the quarter was $1.81 billion, which compares to the estimate of $1.75 billion. Sees Q4 sales of $1.8-$1.9 billion, versus the consensus of $1.75 billion.
Jones Lang Lasalle Inc. (NYSE: JLL) 8.8% LOWER; reports Q3 adjusted EPS of $0.86, versus the analyst estimate of $0.95. Revenue for the quarter was $708 million, which compares to the estimate of $690.42 million. The Board of Directors declared a semi-annual dividend of $0.10 per share of its common stock, $0.20 annualized.
TASER (Nasdaq: TASR) 8.3% LOWER; reports Q3 loss of $0.01, even with the analyst estimate of ($0.01). Revenue for the quarter was $21.1 million, which compares to the estimate of $23.02 million.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
LoJack (Nasdaq: LOJN) 24.7% HIGHER; reports Q3 EPS of $0.15, cents better than the analyst estimate of ($0.07). Revenue for the quarter was $38.5 million, which compares to the estimate of $37.00 million.
The Jones Group (NYSE: JNY) 23.3% LOWER; reports Q3 adjusted EPS of $0.54, 3 cents better than the analyst estimate of $0.61. Revenue for the quarter was $1.02 billion, which compares to the estimate of $1.02 billion. The Company's Board of Directors has declared a regular quarterly cash dividend of $0.05 per share, $0.20 annualized.
Capital Trust, Inc. (NYSE: CT) 20.6% LOWER; reports Q3 loss of $6.02, versus a loss of $4.75 reported for the same period a year ago.
Cascade Financial Corp. (Nasdaq: CASB) 19.6% LOWER; reports Q3 GAAP loss of $0.54, vs. the analyst estimate of ($0.78) and compared to a loss of $2.02 during the same quarter last year. Revenue for the quarter was $ million, which compares to the estimate of $ million.
Compellent Technologies (NYSE: CML) 18.4% HIGHER; reports Q3 EPS of $0.15, ex-items, vs. the analyst estimate of $0.04. Revenue for the quarter was $42.1 million, which compares to the estimate of $38.05 million. The stock was also upgraded at Piper Jaffray and Craig-Hallum.
BSD Medical Corporation (Nasdaq: BSDM) 17.5% HIGHER; seeing a bid following an article in SeekingAlpha.com claiming the company could be a takeover target. The article states, "It's acquisition season. Companies are scooping up medtechs left and right. And that means Christmas could come early for BSD investors. Potential buyers had better hurry up with their bids, though, as it won’t be long before this little company blasts off."
SulphCo, Inc. (Amex: SUF) 17.2% LOWER; announced today that it had finalized the execution of Subscription Agreements on October 27, 2010 for the sale of 5 million shares of common stock at $0.50 per share in a registered direct offering. Net proceeds to SulphCo after fees and estimated expenses will be approximately $2.35 million.
Trident Microsystems Inc. (Nasdaq: TRID) 14.3% LOWER; reports Q3 non-GAAP EPS of $0.00, versus ($0.08) reported for the same period a year ago. Revenue for the quarter was $176.6 million, compared to $171.6 million in Q309. Sees Q41 revs of $130 - $140 million, compared to the consensus of $170 million.
Tsakos Energy Navigation Ltd. (NYSE: TNP) 14.1% LOWER; announces the offering of 7,623,328 common shares, which includes 896,861 shares being offered by entities affiliated with Tsakos family. TEN will use the net proceeds from the public offering for the expansion of its fleet and for general corporate purposes.
F5 Networks (Nasdaq: FFIV) 14% HIGHER; reports Q4 EPS of $0.79, ex-items, 8 cents better than the analyst estimate of $0.71. Revenue for the quarter was $254.3 million, which compares to the estimate of $248.23 million. Sees Q1 adj-EPS of 80-82c, vs. the consensus of 73c. Announces a $200 million share buyback.
Oceaneering International (NYSE: OII) 13.2% HIGHER; reports Q3 EPS of $1.09, vs. the analyst estimate of $0.94. Revenue for the quarter was $516.3 million, which compares to the estimate of $471.60 million. Sees Q4 EPS of 80-85c, vs. the consensus of 72c. Raises its FY10 EPS guidance from $3.20-$3.40 to $3.57-$3.62, vs. the consensus of $3.39. Sees FY11 EPS of $3.45-$3.75, which compares to the Street estimate of $3.54.
Kona Grill (Nasdaq: KONA) 12.3% LOWER; reports Q3 loss of $0.05, 1 cent better than the analyst estimate of ($0.06). Revenue for the quarter was $216 million, which compares to the estimate of $21.32 million. Same-store sales were flat.
JDA Software (Nasdaq: JDAS) 12% HIGHER; reports Q3 non-GAAP EPS of $0.47, 2 cents better than the analyst estimate of $0.45. Revenue for the quarter was $158.4 million, which compares to the estimate of $155.78 million. Sees higher of FY10 sales outlook.
RF Micro Device (Nasdaq: RFMD) 11.3% HIGHER; reports Q2 EPS of $0.19, 3 cents better than the analyst estimate of $0.16. Revenue for the quarter was $285.8 million, which compares to the estimate of $275.93 million.
Premiere Global Services, Inc. (NYSE: PGI) 11.3% HIGHER; last night announced that it has commenced a modified “Dutch Auction” cash tender offer for the purchase of up to $50.0 million of shares of its common stock at a price of not less than $6.75 per share and not greater than $7.75 per share. The tender offer may result in the purchase of up to approximately 7.4 million shares of its common stock, representing approximately 12% of total shares outstanding.
Ascent Solar Technologies, Inc. (Nasdaq: ASTI) 10.5% HIGHER; enters Memorandum of Understanding with The Energy and Resource Institute of New Delhi, India, in which TERI will perform testing and performance evaluation of Ascent Solar high efficiency flexible thin-film CIGS modules and study the feasibility of including Ascent’s modules for TERI’s flagship program “Lighting a Billion Lives” and other projects currently under development at TERI.
NETGEAR (Nasdaq: NTGR) 10.5% HIGHER; reports Q3 EPS of $0.45, 7 cents better than the analyst estimate of $0.38. Revenue for the quarter was $236 million, which compares to the estimate of $221.73 million. Sees Q4 revenues of $240-$250 million, versus the consensus of $239.37 million.
Sprint Nextel (NYSE: S) 10.3% LOWER; reports Q3 loss of $0.30, versus the analyst estimate of ($0.28). Revenue for the quarter was $8.15 billion, which compares to the estimate of $8.03 billion. Reaffirms FY10 CapEx outlook.
CSG Systems (Nasdaq: CSGS) 10% HIGHER; reports Q3 EPS of $0.59, 3 cents better than the analyst estimate of $0.56. Revenue for the quarter was $133.7 million, which compares to the estimate of $131.66 million. Sees FY10 Revenues between $522 - $530 million vs. $527.52M consensus and sees Non-GAAP EPS between $2.22 - $2.27 vs. $2.19 consensus.
Mercury Computer (Nasdaq: MRCY) 9.8% HIGHER; reports Q1 EPS from continuing operations of $0.16, which may not compare to the analyst estimate of $0.05. Revenue for the quarter was $52.1 million, which compares to the estimate of $49.41 million. Sees Q2 GAAP EPS of 10-12c, versus the consensus of 11c Sees Q2 revenues are expected to be in the range of approximately $54 million to $55 million, versus the consensus of $51.7 million.
Broadcom (Nasdaq: BRCM) 9.3% HIGHER; reports Q3 EPS of $0.60, which may not compare to the analyst estimate of $0.71 (GAAP consensus was $0.55). Revenue for the quarter was $1.81 billion, which compares to the estimate of $1.75 billion. Sees Q4 sales of $1.8-$1.9 billion, versus the consensus of $1.75 billion.
Jones Lang Lasalle Inc. (NYSE: JLL) 8.8% LOWER; reports Q3 adjusted EPS of $0.86, versus the analyst estimate of $0.95. Revenue for the quarter was $708 million, which compares to the estimate of $690.42 million. The Board of Directors declared a semi-annual dividend of $0.10 per share of its common stock, $0.20 annualized.
TASER (Nasdaq: TASR) 8.3% LOWER; reports Q3 loss of $0.01, even with the analyst estimate of ($0.01). Revenue for the quarter was $21.1 million, which compares to the estimate of $23.02 million.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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