Morning Movers 4/29: DNDN, DWA, MSPD, PFWD, PSYS Higher; ETFC, BCRX, ROC, BLDP, SSYS Lower
Dendreon (Nasdaq: DNDN) 134% HIGHER; announced that its pivotal Phase 3 IMPACT study of PROVENGE in men with advanced prostate cancer met its primary endpoint of significantly improving overall survival compared to placebo. Click here for the full report.
E*TRADE (Nasdaq: ETFC) 25.2% LOWER; reports Q1 loss of $0.41, 1 cent worse than the analyst estimate of ($0.40). Revenue for the quarter was $497 million, versus $699.6 million in the same quarter last year.
DreamWorks (NYSE: DWA) 20% HIGHER; reports Q1 EPS of $0.71, 26 cents better than the analyst estimate of $0.45. Revenue for the quarter was $263.5 million, versus the consensus of $211.51 million.
BioCryst Pharma (Nasdaq: BCRX) 17.7% LOWER; correcting following a 140% run since Friday amid the swine flu scare.
Mindspeed Technologies (Nasdaq: MSPD) 17.4% HIGHER; continuing higher following Q2 earnings yesterday. Also announced the launch of a complete suite of low-power 11.3G chipsets for SONET/SDH, Ethernet, Fibre Channel and Fiber-to-the-Premise apps.
Phase Forward (Nasdaq: PFWD) 16.6% HIGHER; reports Q1 EPS of $0.15, 3 cents better than the analyst estimate of $0.12. Revenue for the quarter was $49.4 million, versus the consensus of $47.38 million. Sees Q2 sales of $51-$52 million, versus the consensus of $202.80 million, with non-GAAP EPS of $0.51-$0.54, versus the Street estimate of $0.53.
Psychiatric Solutions (Nasdaq: PSYS) 14.3% HIGHER; reports Q1 EPS of $0.50, 1 cent better than the analyst estimate of $0.49. Revenue for the quarter was $450.4 million, versus the consensus of $452.26 million. Re-affirms forecast.
Rockwood Holdings (NYSE: ROC) 14.3% LOWER; reports Q1 adj-loss of $0.02, versus the analyst estimate of $0.10. Revenue for the quarter was $660 million, versus the consensus of $753.60 million.
Ballard Power (Nasdaq: BLDP) 13.7% LOWER; reports Q1 loss of $0.22, 8 cents worse than the analyst estimate of $0.14 loss. Revenue for the quarter was $8.1 million, versus the consensus of $13.9 million.
Wyndham Worldwide (NYSE: WYN) 13% HIGHER; reports Q1 EPS of $0.41, ex-items, 6 cents better than the analyst estimate of $0.35. Revenue for the quarter was $901 million, versus the consensus of $838.91 million. Sees Q2 adj-EPS of $0.36-$0.41, versus the consensus of $0.36. Reaffirms its FY09 outlook.
Stratasys (Nasdaq: SSYS) 13% LOWER; reports Q1 loss of $0.03, versus the analyst estimate of $0.11. Revenue for the quarter was $23.1 million, versus the consensus of $29.05 million.
MGIC Investment (NYSE: MTG) 12.9% LOWER; reports Q1 loss of $1.46, versus the analyst estimate of ($1.37). Revenue for the quarter was $435.2 million, versus the consensus of $436.05 million.
Chicago Bridge & Iron (NYSE: CBI) 12.7% HIGHER; reports Q1 EPS of $0.51, 6 cents better than the analyst estimate of $0.45. Revenue for the quarter was $1.3 million, versus the consensus of $1.25 billion.
Hurray! Holding Co. (Nasdaq: HRAY) 12.5% HIGHER; today announced that the Company has received from Best Prospect Overseas Limited an expression of interest in acquiring a 51% stake in the Company. The Board of Directors of the Company is evaluating various strategic alternatives in due course to maximize shareholder value. T
Silicon Labs (Nasdaq: SLAB) 12.3% HIGHER; reports Q1 EPS of $0.22, 9 cents better than the analyst estimate of $0.13. Reven
Domtar (NYSE: UFS) 11.7% HIGHER; upgraded from Sector Perform to Outperform at RBC Capital.
Och-Ziff Capital Mgmt (NYSE: OZM) 11.3% HIGHER; Goldman Sachs upgrades Och-Ziff from Neutral to Buy and adds the stock to their Conviction Buy List.
Sturm, Ruger (NYSE: RGR) 11.2% HIGHER; reports Q1 EPS of $0.30, 6 cents better than the analyst estimate of $0.24. Revenue for the quarter was $63.5 million, versus $42.5 million in the same quarter last year.
Jones Apparel (NYSE: JNY) 10.3% HIGHER; reports Q1 EPS of $0.28, ex-items, 18 cents better than the analyst estimate of $0.10. Revenue for the quarter was $891.1 million, versus the consensus of $875.26 million. Declares $0.05 per share quarterly dividend.
Life Technologies (Nasdaq: LIFE) 10.2% HIGHER; reports Q1 EPS of $0.72, 15 cents better than the analyst estimate of $0.57. Revenue for the quarter was $785 million, versus the consensus of $749.44 million. Sees FY09 EPS $2.40 to $2.55 versus $2.52.
China BAK Battery (Nasdaq: CBAK) 10.2% LOWER; reports a Q1 loss of $0.10, 9 cents worse than the analyst estimate of ($0.01). Revenue for the quarter was $40.8 million, versus the consensus of $57.51 million.
VF Corp. (NYSE: VFC) 10.1% LOWER; reports Q1 EPS of $0.91, cents better than the analyst estimate of $0.94. Revenue for the quarter was $1.72 billion, versus the consensus of $1.74 billion. VF Corporation sees FY09 EPS $4.70 to $5.00 versus $5.31 consensus. Sees FY09 sales down 5% to 7%. Discounting quarterly forecast.
Elan (NYSE: ELN) 9.3% HIGHER; the company and partner Biogen Idec (NASDAQ: BIIB) announced results of a study demonstrating that TYSABRI promoted regeneration and stabilization of damage done to the myelin sheath due to symptoms of multiple sclerosis. Click here for the full report.
America Movil (NYSE: AMX) 8.6% HIGHER; reports Q1 EPS of $0.70, in-line with the analyst estimate of $0.70. Also upgraded to Hold at Citi and to Overweight at JPMorgan.
Total System Services (NYSE: TSS) 8% LOWER; reports Q1 EPS of $0.26, 12 cents better than the analyst estimate of $0.14. Revenue for the quarter was $66.8 million, versus the consensus of $60.32 million. TSYS sees FY09 revenue $1.63B to $1.67B.
Buffalo Wild Wings (Nasdaq: BWLD) 7.5% LOWER; reports Q1 EPS of $0.47, 1 cent better than the analyst estimate of $0.46. Revenue for the quarter was $131.6 million, versus the consensus of $129.13 million. Buffalo Wild Wings expects its revenue to grow 25% in 2009 to $528 million which is below the consensus estimate of $541.6 million. Buffalo Wild Wings said its Q2 same-store sales are up about 1.8% at company-owned restaurants and 3.6% at franchised.
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