Morning Movers 3/12: CV Therapeutics (CVTX) Surges On Buyout, GE (GE) Up On Rating Cut/Stable Outlook
StreetInsider.com Morning Movers:
Kodiak Oil & Gas (NYSE: KOG) 30% LOWER; reports Q4 loss of $0.37, which may not compare to the analyst estimate of ($0.03).
CV Therapeutics, Inc. (Nasdaq: CVTX) 28% HIGHER; Gilead Sciences, Inc. (Nasdaq: GILD) and CV Therapeutics announced the signing of a definitive agreement pursuant to which Gilead will acquire CV Therapeutics for $20.00 per share in cash through a tender offer and second step merger. MORE
Steel Dynamics, Inc. (Nasdaq: STLD) 20% LOWER; lowers its Q1 EPS
guidance from a gain of $0.05-$0.10 to a loss of $0.40-$0.45, versus
the consensus of $0.10. Click here for the full report.
XOMA Ltd. (Nasdaq: XOMA) 14% LOWER; reports Q4 EPS of $0.07, which may
not compare to the analyst estimate of ($0.01). Revenues for the
quarter were $36.9 million, versus the consensus of $30.54 million. The
company will not provide guidance. Merriman Curhan downgrades
IMAX Corporation (NASDAQ: IMAX) 13% LOWER; reports Q4 loss of $0.11, ex-items, 3 cents worse than the analyst estimate of ($0.08). Revenues for the quarter were $28.1 million, versus the consensus of $35.65 million
Danaos (NYSE: DAC) 10.5% LOWER; reports Q4 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenues for the quarter were $78.7 million, versus the consensus of $78.44 million.
Axsys Technologies, Inc. (Nasdaq: AXYS) 10% HIGHER; announced that it is evaluating the possible sale of the company. Click here for the full report.
Men's Wearhouse (NYSE: MW) 9.9% HIGHER; reports Q4 loss of $0.06, 10 cents better than the analyst estimate of ($0.16). Revenues for the quarter were $476.4 million, versus the consensus of $490.25 million. Sees Q1 results breakeven to a mid-single digit loss and a first half GAAP EPS of $0.45-$0.65.
Clarient, Inc. (Nasdaq: CLRT) 8.1% HIGHER; reports Q4 loss of $0.03, in-line with the analyst estimate of ($0.03). Revenues for the quarter were $21.9 million, versus the consensus of $17.85 million.
GE (NYSE: GE) 8% HIGHER; As expected, Standard & Poor's announced a downgrade of General Electric Company's and General Electric Capital Corporation's (GECC) long-term ratings from AAA to AA+. S&P has a "stable" outlook. MORE
E*TRADE Financial Corporation (Nasdaq: ETFC) 8% LOWER; Citi starts at Sell. Report here
Jo-Ann Stores (NYSE: JAS) 7.6% LOWER; reports Q4 EPS of $0.74, ex-items, 3 cents lower than the analyst estimate of $0.77. Revenues for the quarter were $571.2 million, versus the consensus of $571.90 million. Sees FY09 EPS of $0.70-$0.85, versus the consensus of $0.78.
Axsys Technologies, Inc. (Nasdaq: AXYS) 7% HIGHER; Confirms it is evaluating a possible sale.
Bank of America Corporation (NYSE: BAC) 6% HIGHER; continues recent move off the lows.
Majesco Entertainment (Nasdaq: COOL) 6.3% HIGHER; reports Q1 EPS of $0.15, versus the analyst estimate of $0.04. Revenues for the quarter were $32.8 million, versus the consensus of $20.20 million. Raises FY09 sales guidance to $75-$80 million, versus the consensus of $72 million, with EPS of $0.10-$0.14, versus the Street estimate of $0.11.
Diamond Foods, Inc. (Nasdaq: DMND) 5% LOWER; reports Q2 EPS of $0.37, 6 cents better than the analyst estimate of $0.31. Revenues for the quarter were $150.6 million, versus the consensus of $154.20 million. Raises FY09 EPS guidance to $1.27-$1.34, versus the consensus of $1.32.
Pfizer Inc. (NYSE: PFE) 4.5% HIGHER; announced today that a phase 3 clinical trial of Sutent (sunitinib malate) has been stopped early after the drug showed significant benefit in patients with advanced pancreatic islet cell tumors, also known as pancreatic neuroendocrine tumors.
OMNI Energy Services (Nasdaq: OMNI) 4% HIGHER; reports Q4 EPS of $0.13, compared to a loss $0.08 in the same quarter last year. Revenues for the quarter were $50.4 million, versus the consensus of $44.14 million.
Johnson Controls Inc. (NYSE: JCI) 4% HIGHER; Deutsche Bank upgrade
eBay Inc. (NASDAQ: EBAY) 3.3% HIGHER; issued guidance for 2011. Click here for the full report.
Lattice Semiconductor (NASDAQ: LSCC) 3.2% HIGHER; lowers and narrows its Q1 sales growth guidance from down 10-20% to down 10-15%, sequentially
LDK Solar Co.Ltd. (NYSE: LDK) 3% LOWER; Piper Jaffray downgrades to Sell. Report here.
SunPower Corporation (NASDAQ: SPWRA) 3% LOWER; JP Morgan downgrade
Genentech (NYSE: DNA) 2% HIGHER; Roche and Genentech signed a merger agreement under which Roche will acquire the outstanding publicly held interest in Genentech for $95.00 per share in cash. MORE
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