Morning Movers 8/14: GRRF, NCS, PENX, JLI Higher; CRDC, JADE, BBI, JST Lower
China GrenTech (Nasdaq: GRRF) 32.7% HIGHER; reports Q2 EPS of $0.08, 6 cents better than the analyst estimate of $0.02. Revenue for the quarter was $62 million, versus the consensus of $46.93 million.
NCI Building Systems, Inc. (NYSE: NCS) 23.8% HIGHER; today announced that it has entered into a definitive agreement with Clayton, Dubilier & Rice Fund VIII, L.P., a fund managed by Clayton, Dubilier & Rice, Inc., under which the CD&R Fund will invest $250 million in the Company through the purchase of newly issued Convertible Participating Preferred Shares. Click here for the full report.
Cardica (Nasdaq: CRDC) 22.6% LOWER; reports Q2 loss of $0.22, 1 cent better than the analyst estimate of ($0.23). Revenue for the quarter was $1.2 million, versus the consensus of $2.91 million.
LJ International Inc. (NASDAQ: JADE) 22.4% LOWER; reports Q2 EPS of $0.01, compared to ($0.01) in the same quarter last year. Revenue for the quarter was $22.4 million, versus $31.1 million in Q208.
Blockbuster Inc. (NYSE: BBI) 16.3% LOWER; reports Q2 loss of $0.19, 7 cents lower than the analyst estimate of ($0.12). Revenue for the quarter was $1.02 billion, versus the consensus of $1.12 billion. Lowers its FY09 EBITDA guidance from $305-$325 million to $270-$290 million.
Penford Corporation (Nasdaq: PENX) 15.3% HIGHER; announced today that Penford Australia Limited, a wholly-owned subsidiary, has entered into a contract to sell 100% of the shares of Penford New Zealand Limited to a New Zealand private investment company. The sale, which is subject to certain conditions, is scheduled to be completed in early September.
Jesup & Lamont, Inc., (Amex: JLI) 13% HIGHER; reports Q2 EPS of $0.01, compared to a loss of $0.26 in the same quarter last year. Revenue for the quarter was $9.94 million, versus $9.62 million in Q208.
Jinpan International Ltd. (Nasdaq: JST) 12.6% LOWER; reports Q2 EPS of $1.07, versus the analyst estimate of $0.65 and compared to a gain of $0.74 in the same quarter last year. Revenue for the quarter was $40.9 million, versus the consensus of $44.30 million. Sees FY09 EPS of $2.75-$2.85, versus the consensus of $2.84 and sales of $154-$159 million, which compares to the Street estimate of $180.99 million.
Lifeway Foods, Inc., (Nasdaq: LWAY) 11.8% HIGHER; reports Q2 EPS of $0.15, 8 cents better than the analyst estimate of $0.07. Revenue for the quarter was $14.48 million, versus the consensus of $14.56 million.
Republic Airways Holdings (NASDAQ: RJET) 10.3% HIGHER; today announced that it has been declared the winning bidder in the auction to acquire Frontier. The auction was conducted under procedures established in Frontier’s Chapter 11 bankruptcy case. Here is the full report.
SatCon Technology Corp. (Nasdaq: SATC) 9.6% LOWER; reports Q2 loss of $0.13, 5 cents lower than the analyst estimate of ($0.08). Revenue for the quarter was $9.2 million, versus the consensus of $14.97 million.
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