Morning Movers 1/21: ISR, BOFL, FIT, LPTH, HAFC, PLXS Higher; BBI, APWR, ISPH, LYTS, TSS, TONE Lower
IsoRay, Inc. (AMEX: ISR) 85.4% HIGHER; announced today that on October 10, 2009, doctors from the Department of Radiation Oncology performed the world's first Cesium-131(Cs-131) implant for the treatment of colorectal cancer. Dr. Parashar stated, "The patient tolerated the procedure well and had no evidence of cancer recurrence or any side effects that can be attributed to the Cesium-131 seed implant at the last follow-up visit." The stock normally trades around 50,000 shares per day, but today it has already traded 4.3 million times.
Bank of Florida (Nasdaq: BOFL) 29.5% HIGHER; yesterday the stock broke above the $1 level for the first time since November. Shares are continuing higher once again today. The stock surged more than 43% yesterday.
Blockbuster Inc. (NYSE: BBI) 27.4% LOWER; today provided an update to its adjusted earnings before interest, taxes, depreciation and amortization outlook for 2009. Blockbuster now anticipates adjusted EBITDA for the 2009 year ended January 3, 2010 will be in the range of $195 million to $205 million, which corresponds to GAAP net loss in the range of $183 million to $193 million, excluding any impairment of goodwill and other long-lived assets. The Company is updating its expectation for its 2009 fiscal year financial results based on current information related to lower than expected results for the fourth quarter, particularly the 2009 holiday season.
Health Fitness Corporation (Amex: FIT) 21.5% HIGHER; Trustmark Mutual Holding Company to acquire Health Fitness for $8.78 per share in cash. The deal is valued at $97 million.
LightPath Technologies, Inc. (NASDAQ: LPTH) 21.3% HIGHER; highlighted some projected Q2 results today. sales were $2.2 million, cash on hand was $906,000 and its backlog totaled $4 million.
A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) 17.2% LOWER; today announced that it has closed a private placement for $83 million in cash with several institutional investors. The Company issued to institutional investors 5,777,932 Common Shares at a price of $14.37 per share. In addition, the Company issued to the investors warrants to purchase an aggregate of 2,888,966 Shares, 2,099,822 of the warrants are exercisable at $16.90 per Share and the remainder are exercisable at $16.91 per Share.
Hanmi Financial (Nasdaq: HAFC) 17% HIGHER; the stock has not closed in negative territory since January 8. Over the last 7 trading sessions, shares have nearly doubled.
Inspire Pharmaceuticals, Inc. (NASDAQ: ISPH) 16.2% LOWER; announced today that its Phase 3 clinical trial (Trial 03-113) of PROLACRIA (diquafosol tetrasodium ophthalmic solution) 2% for the treatment of dry eye disease did not meet its primary endpoint (p = 0.526) or its secondary endpoint (p = 0.368).
LSI Industries Inc. (NASDAQ: LYTS) 15.5% LOWER; reports Q2 EPS of $0.07, versus the analyst estimate of $0.09. Revenue for the quarter was $69.37 million, which compares to the estimate of $71.09 million.
TSYS (NYSE: TSS) 14.2% LOWER; reports Q4 EPS of $0.31, versus the analyst estimate of $0.30. Revenue for the quarter was $430.9 million, which compares to the estimate of $435.53 million. Sees FY10 revs of $1.616 - $1.648 billion, compared to $1.75 billion consensus. Also sees FY10 EPS of $0.95 - $0.97, versus $1.21 consensus.
TierOne (Nasdaq: TONE) 13.2% LOWER; correcting today following 2 straight days of upside. The stock rose 55% this week prior to today's move lower.
Plexus (NASDAQ: PLXS) 12.8% HIGHER; reports Q4 EPS of $0.44, 10 cents better than the analyst estimate of $0.34. Revenue for the quarter was $430 million, which compares to the estimate of $422.29 million. Sees Q2 EPS of $0.44-$0.52, versus the consensus of $0.31. Sees Q2 sales $470-$492 million, versus $423.9 million. The stock was also upgraded at Needham.
ITT Educational Services, Inc. (NYSE: ESI) 10.6% HIGHER; reports Q4 EPS of $2.56, 20 cents better than the analyst estimate of $2.36. Revenue for the quarter was $374.4 million, which compares to the estimate of $370.58 million.
Nara Bancorp, Inc. and Nara Bank (NASDAQ: NARA) 10% LOWER; today announced that Min Kim has submitted her resignation as President, CEO of Nara to pursue personal interests. Following acceptance of Ms. Kim's resignation, the Company further announced that it has appointed Alvin Kang to the position of President and CEO.
Patriot Coal (NYSE: PCX) 9.4% LOWER; Citi downgrades from Hold to Sell.
Seagate Technology (NYSE: STX) 9% HIGHER; reports Q2 EPS of $1.03, cents better than the analyst estimate of $0.65. Revenue for the quarter was $3.03 billion, which compares to the estimate of $2.85 billion.
Legg Mason (NYSE: LM) 8.9% LOWER; reports Q3 EPS of $0.39 ex-items, 8 cents better than the analyst estimate of $0.31. Revenue for the quarter was $690.5 million, which compares to the estimate of $682.13 million.
Taseko Mines Limited (NYSE: TGB) 8.7% LOWER; Raymond James downgrades from Outperform to Market Perform.
Insteel Industries (NASDAQ: IIIN) 8% LOWER; reports Q1 EPS of $0.00 ex-items, cents better than the analyst estimate of $0.05. Revenue for the quarter was $41.2 million, which compares to the estimate of $50.17 million.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Bank of Florida (Nasdaq: BOFL) 29.5% HIGHER; yesterday the stock broke above the $1 level for the first time since November. Shares are continuing higher once again today. The stock surged more than 43% yesterday.
Blockbuster Inc. (NYSE: BBI) 27.4% LOWER; today provided an update to its adjusted earnings before interest, taxes, depreciation and amortization outlook for 2009. Blockbuster now anticipates adjusted EBITDA for the 2009 year ended January 3, 2010 will be in the range of $195 million to $205 million, which corresponds to GAAP net loss in the range of $183 million to $193 million, excluding any impairment of goodwill and other long-lived assets. The Company is updating its expectation for its 2009 fiscal year financial results based on current information related to lower than expected results for the fourth quarter, particularly the 2009 holiday season.
Health Fitness Corporation (Amex: FIT) 21.5% HIGHER; Trustmark Mutual Holding Company to acquire Health Fitness for $8.78 per share in cash. The deal is valued at $97 million.
LightPath Technologies, Inc. (NASDAQ: LPTH) 21.3% HIGHER; highlighted some projected Q2 results today. sales were $2.2 million, cash on hand was $906,000 and its backlog totaled $4 million.
A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) 17.2% LOWER; today announced that it has closed a private placement for $83 million in cash with several institutional investors. The Company issued to institutional investors 5,777,932 Common Shares at a price of $14.37 per share. In addition, the Company issued to the investors warrants to purchase an aggregate of 2,888,966 Shares, 2,099,822 of the warrants are exercisable at $16.90 per Share and the remainder are exercisable at $16.91 per Share.
Hanmi Financial (Nasdaq: HAFC) 17% HIGHER; the stock has not closed in negative territory since January 8. Over the last 7 trading sessions, shares have nearly doubled.
Inspire Pharmaceuticals, Inc. (NASDAQ: ISPH) 16.2% LOWER; announced today that its Phase 3 clinical trial (Trial 03-113) of PROLACRIA (diquafosol tetrasodium ophthalmic solution) 2% for the treatment of dry eye disease did not meet its primary endpoint (p = 0.526) or its secondary endpoint (p = 0.368).
LSI Industries Inc. (NASDAQ: LYTS) 15.5% LOWER; reports Q2 EPS of $0.07, versus the analyst estimate of $0.09. Revenue for the quarter was $69.37 million, which compares to the estimate of $71.09 million.
TSYS (NYSE: TSS) 14.2% LOWER; reports Q4 EPS of $0.31, versus the analyst estimate of $0.30. Revenue for the quarter was $430.9 million, which compares to the estimate of $435.53 million. Sees FY10 revs of $1.616 - $1.648 billion, compared to $1.75 billion consensus. Also sees FY10 EPS of $0.95 - $0.97, versus $1.21 consensus.
TierOne (Nasdaq: TONE) 13.2% LOWER; correcting today following 2 straight days of upside. The stock rose 55% this week prior to today's move lower.
Plexus (NASDAQ: PLXS) 12.8% HIGHER; reports Q4 EPS of $0.44, 10 cents better than the analyst estimate of $0.34. Revenue for the quarter was $430 million, which compares to the estimate of $422.29 million. Sees Q2 EPS of $0.44-$0.52, versus the consensus of $0.31. Sees Q2 sales $470-$492 million, versus $423.9 million. The stock was also upgraded at Needham.
ITT Educational Services, Inc. (NYSE: ESI) 10.6% HIGHER; reports Q4 EPS of $2.56, 20 cents better than the analyst estimate of $2.36. Revenue for the quarter was $374.4 million, which compares to the estimate of $370.58 million.
Nara Bancorp, Inc. and Nara Bank (NASDAQ: NARA) 10% LOWER; today announced that Min Kim has submitted her resignation as President, CEO of Nara to pursue personal interests. Following acceptance of Ms. Kim's resignation, the Company further announced that it has appointed Alvin Kang to the position of President and CEO.
Patriot Coal (NYSE: PCX) 9.4% LOWER; Citi downgrades from Hold to Sell.
Seagate Technology (NYSE: STX) 9% HIGHER; reports Q2 EPS of $1.03, cents better than the analyst estimate of $0.65. Revenue for the quarter was $3.03 billion, which compares to the estimate of $2.85 billion.
Legg Mason (NYSE: LM) 8.9% LOWER; reports Q3 EPS of $0.39 ex-items, 8 cents better than the analyst estimate of $0.31. Revenue for the quarter was $690.5 million, which compares to the estimate of $682.13 million.
Taseko Mines Limited (NYSE: TGB) 8.7% LOWER; Raymond James downgrades from Outperform to Market Perform.
Insteel Industries (NASDAQ: IIIN) 8% LOWER; reports Q1 EPS of $0.00 ex-items, cents better than the analyst estimate of $0.05. Revenue for the quarter was $41.2 million, which compares to the estimate of $50.17 million.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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