Morning Movers 2/17: RZ, CYCC, VCGH, CHIO, BW Higher; UEI, INWK, MASI Lower
Raser Technologies, Inc. (NYSE: RZ) 16.7% HIGHER; announced today that the U.S. Treasury has approved its renewable energy grant application for the Company’s Thermo No. 1 geothermal power plant. The grant is provided by the U.S. Treasury Department under the Section 1603 renewable energy grant program created by the American Recovery and Reinvestment Act of 2009. Raser should receive the funds within five business days.
Ultimate Escapes, Inc. (Amex: UEI) 16.7% LOWER; today announced that due to difficult market conditions, it has postponed its contemplated secondary public offering of shares of its common stock. As a result of the postponement of the offering and the Company's non-compliance with NYSE Amex original listing standards, the Company's shares will be suspended from the NYSE Amex effective at the open of the market on February 18, 2010.
Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC) 16.3% HIGHER; today announced that a newly published study demonstrates that the company's seliciclib (CYC202 or R-roscovitine), an orally available inhibitor of multiple cyclin-dependent kinases, reversed resistance to the aromatase inhibitor letrozole (Femara) and killed hormone receptor positive breast cancer cells that had become insensitive to the effects of letrozole. The new study was published in the current edition of Clinical Cancer Research, a journal of the American Association for Cancer Research. Seliciclib is currently in Phase 2 clinical trials for non-small cell lung cancer and nasopharyngeal cancer. Click here for the full report.
InnerWorkings, Inc. (NASDAQ: INWK) 15.2% LOWER; reports Q4 EPS of $0.05, 1 cent lower than the analyst estimate of $0.06. Revenue for the quarter was $107.9 million, which compares to the estimate of $109.75 million.
VCG Holding Corp. (NASDAQ: VCGH) 14.6% HIGHER; Rick's Cabaret International, Inc. (NASDAQ: RICK), VCG and Troy Lowrie and his affiliates have signed a letter of intent under which Rick's Cabaret will acquire all of the outstanding shares of VCG Holding to form the largest publicly traded operator of upscale gentlemen's clubs in North America, the two companies announced today. VCG Holding's shareholders will receive shares of Rick's common stock based on certain exchange ratios valuing each share of VCG Holding's common stock between $2.20 and $3.80 per share, determined based on the weighted average closing price of Rick's common stock as traded on the Nasdaq Global Market for the 20 consecutive trading days ending on the second trading day prior to the closing of the Merger. Click here for the full report.
China INSOnline Corp. (NASDAQ: CHIO) 13.7% HIGHER; reports Q2 EPS of $0.03, compared to $0.02 in the same quarter last year. Revenue for the quarter was $3.66 million, versus $3.58 million in Q209.
Brush Engineered Materials (NYSE: BW) 13% HIGHER; reports Q4 EPS of $0.03, ex-items, 2 cents lower than the analyst estimate of $0.05. Revenue for the quarter was $215.2 million, which compares to the estimate of $199 million. Sees Q1 sales of $275-$295 million, which compares to the Street estimate of $175.5 million. Sees FY10 EPS of $0.75-$1.00, versus the consensus of $0.68. Sees FY10 sales of $1.1-$1.2 billion, versus the consensus of $813.30 million.
Coinstar, Inc. (NASDAQ: CSTR) 9.8% HIGHER; sees Q1 revenue in the range of $315 million to $335 million, EBITDA of $43 million to $48 million and GAAP EPS attributable to Coinstar, Inc. in the range of $0.08 to $0.14 on a fully diluted basis. The consensus is $328.8 million and EPS of $0.26. Coinstar management also reaffirmed guidance for the full year 2010 that was previously provided on February 11, 2010. For the full year 2010, management expects revenue in the range of $1.465 billion to $1.565 billion, EBITDA in the range of $250 million to $265 million and GAAP EPS attributable to Coinstar, Inc. in the range of $1.50 to $1.65 on a fully diluted basis. The consensus is $1.5 billion and EPS of $1.57.
Pacer International Inc. (NASDAQ: PACR) 9.6% HIGHER; reports Q4 EPS of $0.29, which may not compare to the analyst estimate of ($0.04), and a loss of $1.83 for Q408. Revenue for the quarter was $420.2 million, which compares to the estimate of $368.79 million.
Whole Foods Market (NASDAQ: WFMI) 9.5% HIGHER; reports Q1 EPS of $0.32, 6 cents better than the analyst estimate of $0.26. Revenue for the quarter was $2.6 billion, which compares to the estimate of $2.60 billion. Same store sales rose 3.5%. Raises its sales outlook for FY10 to up 8.5-10.5% and to up 3.5-5.5% from same store sales.
La-Z-Boy Inc. (NYSE: LZB) 9.3% HIGHER; reports Q3 EPS of $0.21, 12 cents better than the analyst estimate of $0.09. Revenue for the quarter was $305.1 million, which compares to the estimate of $275.6 million. Comps up 3.9%.
PGT, Inc. (Nasdaq: PGTI) 9.3% LOWER; not hearing any company-specific news. The stock was started at Buy at Ladenburg Thalmann.
Masimo Corporation (NASDAQ: MASI) 8.9% LOWER; reports Q4 EPS of $0.23, 1 cent better than the analyst estimate of $0.22. Revenue for the quarter was $80.5 million, which compares to the estimate of $90.0 million. Sees FY10 $1.27 - $1.33, versus $1.05 consensus. FY10 sales $390 - $405 million, versus $399.7 million consensus.
Discovery Communications Inc. (NASD: DISCA) 8.7% HIGHER; last night the S&P announced that Discovery will replace Pepsi Bottling Group Inc. (NYSE: PBG) in the S&P 500 index.
Ultra Clean Holdings Inc. (Nasdaq: UCTT) 8.% HIGHER; reports Q4 EPS of $0.09, ex-items. The company reported a GAAP loss of $2.45 in Q409. Revenue for the quarter was $72.8 million, which compares to the $47.07 million reported in the same quarter last year. Sees Q1 EPS of $0.10-$0.14. Sees Q1 sales of $82-$87 million.
Martha Stewart Living Omnimedia (NYSE: MSO) 8.1% HIGHER; reports Q4 EPS of $0.37, or $0.38 on a non-GAAP basis, 8 cents better than the analyst estimate of $0.30. Revenue for the quarter was $87.6 million, which compares to the estimate of $84.94 million.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Ultimate Escapes, Inc. (Amex: UEI) 16.7% LOWER; today announced that due to difficult market conditions, it has postponed its contemplated secondary public offering of shares of its common stock. As a result of the postponement of the offering and the Company's non-compliance with NYSE Amex original listing standards, the Company's shares will be suspended from the NYSE Amex effective at the open of the market on February 18, 2010.
Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC) 16.3% HIGHER; today announced that a newly published study demonstrates that the company's seliciclib (CYC202 or R-roscovitine), an orally available inhibitor of multiple cyclin-dependent kinases, reversed resistance to the aromatase inhibitor letrozole (Femara) and killed hormone receptor positive breast cancer cells that had become insensitive to the effects of letrozole. The new study was published in the current edition of Clinical Cancer Research, a journal of the American Association for Cancer Research. Seliciclib is currently in Phase 2 clinical trials for non-small cell lung cancer and nasopharyngeal cancer. Click here for the full report.
InnerWorkings, Inc. (NASDAQ: INWK) 15.2% LOWER; reports Q4 EPS of $0.05, 1 cent lower than the analyst estimate of $0.06. Revenue for the quarter was $107.9 million, which compares to the estimate of $109.75 million.
VCG Holding Corp. (NASDAQ: VCGH) 14.6% HIGHER; Rick's Cabaret International, Inc. (NASDAQ: RICK), VCG and Troy Lowrie and his affiliates have signed a letter of intent under which Rick's Cabaret will acquire all of the outstanding shares of VCG Holding to form the largest publicly traded operator of upscale gentlemen's clubs in North America, the two companies announced today. VCG Holding's shareholders will receive shares of Rick's common stock based on certain exchange ratios valuing each share of VCG Holding's common stock between $2.20 and $3.80 per share, determined based on the weighted average closing price of Rick's common stock as traded on the Nasdaq Global Market for the 20 consecutive trading days ending on the second trading day prior to the closing of the Merger. Click here for the full report.
China INSOnline Corp. (NASDAQ: CHIO) 13.7% HIGHER; reports Q2 EPS of $0.03, compared to $0.02 in the same quarter last year. Revenue for the quarter was $3.66 million, versus $3.58 million in Q209.
Brush Engineered Materials (NYSE: BW) 13% HIGHER; reports Q4 EPS of $0.03, ex-items, 2 cents lower than the analyst estimate of $0.05. Revenue for the quarter was $215.2 million, which compares to the estimate of $199 million. Sees Q1 sales of $275-$295 million, which compares to the Street estimate of $175.5 million. Sees FY10 EPS of $0.75-$1.00, versus the consensus of $0.68. Sees FY10 sales of $1.1-$1.2 billion, versus the consensus of $813.30 million.
Coinstar, Inc. (NASDAQ: CSTR) 9.8% HIGHER; sees Q1 revenue in the range of $315 million to $335 million, EBITDA of $43 million to $48 million and GAAP EPS attributable to Coinstar, Inc. in the range of $0.08 to $0.14 on a fully diluted basis. The consensus is $328.8 million and EPS of $0.26. Coinstar management also reaffirmed guidance for the full year 2010 that was previously provided on February 11, 2010. For the full year 2010, management expects revenue in the range of $1.465 billion to $1.565 billion, EBITDA in the range of $250 million to $265 million and GAAP EPS attributable to Coinstar, Inc. in the range of $1.50 to $1.65 on a fully diluted basis. The consensus is $1.5 billion and EPS of $1.57.
Pacer International Inc. (NASDAQ: PACR) 9.6% HIGHER; reports Q4 EPS of $0.29, which may not compare to the analyst estimate of ($0.04), and a loss of $1.83 for Q408. Revenue for the quarter was $420.2 million, which compares to the estimate of $368.79 million.
Whole Foods Market (NASDAQ: WFMI) 9.5% HIGHER; reports Q1 EPS of $0.32, 6 cents better than the analyst estimate of $0.26. Revenue for the quarter was $2.6 billion, which compares to the estimate of $2.60 billion. Same store sales rose 3.5%. Raises its sales outlook for FY10 to up 8.5-10.5% and to up 3.5-5.5% from same store sales.
La-Z-Boy Inc. (NYSE: LZB) 9.3% HIGHER; reports Q3 EPS of $0.21, 12 cents better than the analyst estimate of $0.09. Revenue for the quarter was $305.1 million, which compares to the estimate of $275.6 million. Comps up 3.9%.
PGT, Inc. (Nasdaq: PGTI) 9.3% LOWER; not hearing any company-specific news. The stock was started at Buy at Ladenburg Thalmann.
Masimo Corporation (NASDAQ: MASI) 8.9% LOWER; reports Q4 EPS of $0.23, 1 cent better than the analyst estimate of $0.22. Revenue for the quarter was $80.5 million, which compares to the estimate of $90.0 million. Sees FY10 $1.27 - $1.33, versus $1.05 consensus. FY10 sales $390 - $405 million, versus $399.7 million consensus.
Discovery Communications Inc. (NASD: DISCA) 8.7% HIGHER; last night the S&P announced that Discovery will replace Pepsi Bottling Group Inc. (NYSE: PBG) in the S&P 500 index.
Ultra Clean Holdings Inc. (Nasdaq: UCTT) 8.% HIGHER; reports Q4 EPS of $0.09, ex-items. The company reported a GAAP loss of $2.45 in Q409. Revenue for the quarter was $72.8 million, which compares to the $47.07 million reported in the same quarter last year. Sees Q1 EPS of $0.10-$0.14. Sees Q1 sales of $82-$87 million.
Martha Stewart Living Omnimedia (NYSE: MSO) 8.1% HIGHER; reports Q4 EPS of $0.37, or $0.38 on a non-GAAP basis, 8 cents better than the analyst estimate of $0.30. Revenue for the quarter was $87.6 million, which compares to the estimate of $84.94 million.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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