Morning Movers 12/01: MIGP, LTON, REDF, SIFY, GIGA, NBG, THQI, OVTI Higher; APWR, SCMR, UTI, CBEH Lower
Mercer Insurance Group, Inc. (Nasdaq: MIGP) 47.8% HIGHER; announced an agreement to be acquired by United Fire & Casualty Company (Nasdaq: UFCS) for $28.25 per share, or approximately $191 million.
A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) 27.8% LOWER; reports Q3non-GAAP EPS of $0.05, versus the analyst estimate of $0.29. Revenue for the quarter was $96.3 million, which compares to the estimate of $144.23 million. Reduces FY10 revs outlook to $310 million, compared to the consensus of $473.54 million.
Linktone Ltd. (Nasdaq: LTON) 23.4% HIGHER; reports Q3 non-GAAP EPS of $0.02, versus $0.01 reported for the same period a year ago. Revenue for the quarter was $19.8 million, compared to $16.9 million in Q309. Sees Q410 revs of $20 - $21 million.
Rediff.com (Nasdaq: REDF) 18.3% HIGHER; the stocks of India-based companies are outperforming sharply today. The iPath MSCI India Index Fund (NYSE: INP) is up 3.2% today.
Sify Tech. (Nasdaq: SIFY) 15.4% HIGHER; see Rediff.com.
Giga-tronics Incorporated (Nasdaq: GIGA) 15.1% HIGHER; announced today that it has received orders in excess of $4.8M to supply microwave test equipment for the automation of production at contract manufacturers in China.
Sycamore Networks, Inc. (Nasdaq: SCMR) 13.2% LOWER; reports Q1 non-GAAP loss of $0.20, versus the analyst estimate of ($0.04). Revenue for the quarter was $11.7 million, which compares to the estimate of $16.95 million. Also announced a $6.50/share cash distribution.
National Bank of Greece (NYSE: NBG) 12.5% HIGHER; bouncing today as traders are giving less attention to Eurozone debt concerns.
THQ Inc. (Nasdaq: THQI) 10.2% HIGHER; traders may be buying the stock today following news that a Director, Gary Rieschel bought about $206,000 worth of THQ's common stock.
Universal Technical Institute (NYSE: UTI) 10.1% LOWER; reports Q4 EPS of $0.29, vs. the analyst estimate of $0.40. Revenue for the quarter came in at $119.2 million, versus the consensus estimate of $114.90 million. Saw total student starts of 7,600 during the quarter, with total undergraduate full-time student enrollment at 21,000, up from 18,800 during the same quarter last year. Sees FY11 sales up low double-digits and EPS up about 15-20%.
OmniVision Technologies, Inc. (Nasdaq: OVTI) 9.6% HIGHER; reports Q2 non-GAAP EPS of $0.58, 6 cents better than the analyst estimate of $0.52. Revenue for the quarter came in at $239.5 million, versus the consensus estimate of $231.21 million. Sees Q311 revs of $230 - $250 million with a non-GAAP EPS of $0.50 - $0.63. Consensus sees revs of $211.17 million and an EPS of $0.42.
China Integrated Energy, Inc. (Nasdaq: CBEH) 9.2% LOWER; is seeing pressure this morning following a cautious article at SeekingAlpha.com. The article questions the company's "vastly superior" gross margin and capital expenditure and its auditor that is 8,000 miles away in Boca Raton, FL.
BPZ Resources, Inc. (NYSE: BPZ) 9.1% HIGHER; announces the Company has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production.
SeraCare Life Sciences, Inc. (Nasdaq: SRLS) 8.9% HIGHER; reports Q4 EPS of $0.11, 3 cents better than the analyst estimate of $0.08. Revenue for the quarter came in at $13.30 million, versus the consensus estimate of $13.42 million.
GT Solar International, Inc. (NASDAQ: SOLR) 8.7% HIGHER; today announced that it has received its first two orders totaling more than $84 million for sapphire crystallization systems. The orders come from Jiangsu Jixing New Material Co., Ltd and Jiujiang Sapphire Tech Co., Ltd. Total annual production capacity of the two orders is approximately eight million two-inch equivalents of sapphire substrates.
Eurand (Nasdaq: EURX) 8.1% HIGHER; to be acquired by Axcan for $12/share in cash.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) 27.8% LOWER; reports Q3non-GAAP EPS of $0.05, versus the analyst estimate of $0.29. Revenue for the quarter was $96.3 million, which compares to the estimate of $144.23 million. Reduces FY10 revs outlook to $310 million, compared to the consensus of $473.54 million.
Linktone Ltd. (Nasdaq: LTON) 23.4% HIGHER; reports Q3 non-GAAP EPS of $0.02, versus $0.01 reported for the same period a year ago. Revenue for the quarter was $19.8 million, compared to $16.9 million in Q309. Sees Q410 revs of $20 - $21 million.
Rediff.com (Nasdaq: REDF) 18.3% HIGHER; the stocks of India-based companies are outperforming sharply today. The iPath MSCI India Index Fund (NYSE: INP) is up 3.2% today.
Sify Tech. (Nasdaq: SIFY) 15.4% HIGHER; see Rediff.com.
Giga-tronics Incorporated (Nasdaq: GIGA) 15.1% HIGHER; announced today that it has received orders in excess of $4.8M to supply microwave test equipment for the automation of production at contract manufacturers in China.
Sycamore Networks, Inc. (Nasdaq: SCMR) 13.2% LOWER; reports Q1 non-GAAP loss of $0.20, versus the analyst estimate of ($0.04). Revenue for the quarter was $11.7 million, which compares to the estimate of $16.95 million. Also announced a $6.50/share cash distribution.
National Bank of Greece (NYSE: NBG) 12.5% HIGHER; bouncing today as traders are giving less attention to Eurozone debt concerns.
THQ Inc. (Nasdaq: THQI) 10.2% HIGHER; traders may be buying the stock today following news that a Director, Gary Rieschel bought about $206,000 worth of THQ's common stock.
Universal Technical Institute (NYSE: UTI) 10.1% LOWER; reports Q4 EPS of $0.29, vs. the analyst estimate of $0.40. Revenue for the quarter came in at $119.2 million, versus the consensus estimate of $114.90 million. Saw total student starts of 7,600 during the quarter, with total undergraduate full-time student enrollment at 21,000, up from 18,800 during the same quarter last year. Sees FY11 sales up low double-digits and EPS up about 15-20%.
OmniVision Technologies, Inc. (Nasdaq: OVTI) 9.6% HIGHER; reports Q2 non-GAAP EPS of $0.58, 6 cents better than the analyst estimate of $0.52. Revenue for the quarter came in at $239.5 million, versus the consensus estimate of $231.21 million. Sees Q311 revs of $230 - $250 million with a non-GAAP EPS of $0.50 - $0.63. Consensus sees revs of $211.17 million and an EPS of $0.42.
China Integrated Energy, Inc. (Nasdaq: CBEH) 9.2% LOWER; is seeing pressure this morning following a cautious article at SeekingAlpha.com. The article questions the company's "vastly superior" gross margin and capital expenditure and its auditor that is 8,000 miles away in Boca Raton, FL.
BPZ Resources, Inc. (NYSE: BPZ) 9.1% HIGHER; announces the Company has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production.
SeraCare Life Sciences, Inc. (Nasdaq: SRLS) 8.9% HIGHER; reports Q4 EPS of $0.11, 3 cents better than the analyst estimate of $0.08. Revenue for the quarter came in at $13.30 million, versus the consensus estimate of $13.42 million.
GT Solar International, Inc. (NASDAQ: SOLR) 8.7% HIGHER; today announced that it has received its first two orders totaling more than $84 million for sapphire crystallization systems. The orders come from Jiangsu Jixing New Material Co., Ltd and Jiujiang Sapphire Tech Co., Ltd. Total annual production capacity of the two orders is approximately eight million two-inch equivalents of sapphire substrates.
Eurand (Nasdaq: EURX) 8.1% HIGHER; to be acquired by Axcan for $12/share in cash.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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