Morning Movers 8/26: GOK, RPC, GRB, DRL, JAS, CERP, NYNY Higher; DVOX, SCON, TBAC, GES, RUE Lower
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Geokinetics Inc. (AMEX: GOK) 36.8% HIGHER; awarded a $110 million seismic acquisition contract from Petroleos Mexicanos (PEMEX). The project, which commences late in the fourth quarter 2010 and will last through early 2012, will be for a seamless Ocean Bottom Cable, Transition Zone and land seismic data acquisition survey.
Radient Pharmaceuticals Corporation (Amex: RPC) 36.5% HIGHER; announced today target market details for the domestic and international commercialization of its Onko-Sure in vitro diagnostic cancer test. Click here to see details from the press release.
Gerber Scientific (NYSE: GRB) 22.8% HIGHER; reports Q2 operating EPS of $0.06, 4 cents better than the analyst estimate of $0.02. Revenue for the quarter was $118.3 million, which compares to the estimate of $116.70 million.
Dynavox Inc. (Nasdaq: DVOX) 18.8% LOWER; reports Q4 adjusted EPS of $0.16, versus the analyst estimate of $0.17. Revenue for the quarter was $33.1 million, which compares to the estimate of $34.14 million. Sees FY10 rev growth of 14 - 17% and an adjusted EPS of $0.56 - $0.62. Consensus sees revs of $133.44 million and an EPS of $0.59.
Doral Financial (NYSE: DRL) 16.4% HIGHER; shares appear to be breaking above a resistance level around $1.40. Volume is extremely heavy today but we are not hearing any company-specific news from Doral.
Superconductor Tech (Nasdaq: SCON) 16% LOWER; prices their 4 million common stock offering at $1.50. The company expects gross proceeds of $6 million, with net proceeds of $5.3 milli
Jo-Ann Stores (NYSE: JAS) 13% HIGHER; reports Q2 ongoing EPS of $0.20, vs. the analyst estimate of $0.02. Revenue for the quarter was $439.3 million, which compares to the estimate of $437.08 million. Raises its FY11 EPS guidance from $2.95-$3.10 to $3.20-$3.35, which compares to the Street estimate of $3.23.
Cereplast (Nasdaq: CERP) 12.9% HIGHER; the stock may be seeing some unusual activity today as the company's Founder, Chairman and CEO rang the opening bell for the NASDAQ this morning.
Empire Resorts (Nasdaq: NYNY) 12.2% HIGHER; the stock is continuing to bounce today. Shares rose nearly 30% yesterday as traders were likely "buying the dip": the stock had fallen or stayed flat for the prior 12 trading sessions in a row. Over this span, Empire Resorts shares fell about 58%.
Tandy Brands Accessories Inc. (Nasdaq: TBAC) 12% LOWER; reports Q3 adj-loss of $0.23, which may not compare to the analyst estimate of ($0.88). Revenue for the quarter was $27.7 million, which compares to the estimate of $27.70 million. Reaffirms outlook for sales growth.
Guess? (NYSE: GES) 11.5% LOWER; reports Q2 EPS of $0.72, 4 cents better than the analyst estimate of $0.68. Revenue for the quarter was $577.1 million, which compares to the estimate of $575.92 million. Comps up 3.5% in North America. Sees Q3 EPS of $0.55 - $0.58, versus the consensus of $0.56. Reaffirms FY10 outlook.
rue21 (NYSE: RUE) 11.1% LOWER; reports Q2 EPS of $0.26, 2 cents lower than the analyst estimate of $0.28. Revenue for the quarter was $143 million, which compares to the estimate of $164.33 million. Sees Q3 EPS of 25-27c, vs. the consensus of 42c. Reaffirms FY10 outlook.
Somaxon Pharma (Nasdaq: SOMX) 9.9% HIGHER; continuing higher today following news of a co-promotion deal with P&G (NYSE: PG) yesterday. The stock rallied nearly 30% yesterday.
Brush Engineered Materials (NYSE: BW) 9.6% HIGHER; KeyBanc upgrades the stock from Hold to Buy with a $30 price target. Click here to see full color.
HEICO (NYSE: HEI) 8.4% HIGHER; reports Q3 EPS of $0.44, 7 cents better than the analyst estimate of $0.37. Revenue for the quarter was $158.27 million, which compares to the estimate of $151.57 million. Increases FY10 sales outlook to $600 million and an EPS of $1.50 - $1.53. Consensus sees revs of $596.81 million and an EPS of $1.48. Stifel Nicolaus and CJS Securities upgraded the stock this morning.
To get this report daily visit http://www.streetinsider.com/entities/Morning+Movers.
Radient Pharmaceuticals Corporation (Amex: RPC) 36.5% HIGHER; announced today target market details for the domestic and international commercialization of its Onko-Sure in vitro diagnostic cancer test. Click here to see details from the press release.
Gerber Scientific (NYSE: GRB) 22.8% HIGHER; reports Q2 operating EPS of $0.06, 4 cents better than the analyst estimate of $0.02. Revenue for the quarter was $118.3 million, which compares to the estimate of $116.70 million.
Dynavox Inc. (Nasdaq: DVOX) 18.8% LOWER; reports Q4 adjusted EPS of $0.16, versus the analyst estimate of $0.17. Revenue for the quarter was $33.1 million, which compares to the estimate of $34.14 million. Sees FY10 rev growth of 14 - 17% and an adjusted EPS of $0.56 - $0.62. Consensus sees revs of $133.44 million and an EPS of $0.59.
Doral Financial (NYSE: DRL) 16.4% HIGHER; shares appear to be breaking above a resistance level around $1.40. Volume is extremely heavy today but we are not hearing any company-specific news from Doral.
Superconductor Tech (Nasdaq: SCON) 16% LOWER; prices their 4 million common stock offering at $1.50. The company expects gross proceeds of $6 million, with net proceeds of $5.3 milli
Jo-Ann Stores (NYSE: JAS) 13% HIGHER; reports Q2 ongoing EPS of $0.20, vs. the analyst estimate of $0.02. Revenue for the quarter was $439.3 million, which compares to the estimate of $437.08 million. Raises its FY11 EPS guidance from $2.95-$3.10 to $3.20-$3.35, which compares to the Street estimate of $3.23.
Cereplast (Nasdaq: CERP) 12.9% HIGHER; the stock may be seeing some unusual activity today as the company's Founder, Chairman and CEO rang the opening bell for the NASDAQ this morning.
Empire Resorts (Nasdaq: NYNY) 12.2% HIGHER; the stock is continuing to bounce today. Shares rose nearly 30% yesterday as traders were likely "buying the dip": the stock had fallen or stayed flat for the prior 12 trading sessions in a row. Over this span, Empire Resorts shares fell about 58%.
Tandy Brands Accessories Inc. (Nasdaq: TBAC) 12% LOWER; reports Q3 adj-loss of $0.23, which may not compare to the analyst estimate of ($0.88). Revenue for the quarter was $27.7 million, which compares to the estimate of $27.70 million. Reaffirms outlook for sales growth.
Guess? (NYSE: GES) 11.5% LOWER; reports Q2 EPS of $0.72, 4 cents better than the analyst estimate of $0.68. Revenue for the quarter was $577.1 million, which compares to the estimate of $575.92 million. Comps up 3.5% in North America. Sees Q3 EPS of $0.55 - $0.58, versus the consensus of $0.56. Reaffirms FY10 outlook.
rue21 (NYSE: RUE) 11.1% LOWER; reports Q2 EPS of $0.26, 2 cents lower than the analyst estimate of $0.28. Revenue for the quarter was $143 million, which compares to the estimate of $164.33 million. Sees Q3 EPS of 25-27c, vs. the consensus of 42c. Reaffirms FY10 outlook.
Somaxon Pharma (Nasdaq: SOMX) 9.9% HIGHER; continuing higher today following news of a co-promotion deal with P&G (NYSE: PG) yesterday. The stock rallied nearly 30% yesterday.
Brush Engineered Materials (NYSE: BW) 9.6% HIGHER; KeyBanc upgrades the stock from Hold to Buy with a $30 price target. Click here to see full color.
HEICO (NYSE: HEI) 8.4% HIGHER; reports Q3 EPS of $0.44, 7 cents better than the analyst estimate of $0.37. Revenue for the quarter was $158.27 million, which compares to the estimate of $151.57 million. Increases FY10 sales outlook to $600 million and an EPS of $1.50 - $1.53. Consensus sees revs of $596.81 million and an EPS of $1.48. Stifel Nicolaus and CJS Securities upgraded the stock this morning.
To get this report daily visit http://www.streetinsider.com/entities/Morning+Movers.
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