Morning Movers 8/31: SKS, LGF, ENER, ALIM, MEOH Higher; MCCC, ISLE, MON, RAX Lower
Up)
Saks (NYSE: SKS) 24.5% HIGHER; reports from the Daily Mail that a private equity consortium, comprised of U.S. and U.K. players, is looking to make a bid for the company. A bid could be $11 per share.
Mediacom Communications Corp. (Nasdaq: MCCC) 15.9% LOWER; CEO drops his bid to take the company private
Lions Gate Entertainment Corp. (NYSE: LGF) 13% HIGHER; Carl Icahn raises his tender offer to $7.50.
Isle of Capri Casinos Inc. (Nasdaq: ISLE) 10.9% LOWER; reports Q1 loss of $0.08, below the analyst estimate of $0.12 profit. Revenue for the quarter was $251.9 million, which compares to the estimate of $263.60 million.
Energy Conversion Devices, Inc. (Nasdaq: ENER) 8.5% HIGHER; reports Q4 adjusted loss of $0.32, versus the analyst estimate of ($0.60). Revenue for the quarter was $86.2 million, which compares to the estimate of $72.34 million. Sees Q1 revenues of $63-$68 million, versus the consensus of $80 million. Sees FY11 revenues of $280-$330 million, versus the consensus of $333.8 million.
Alimera Sciences, Inc., (Nasdaq: ALIM) 7.3% HIGHER; Said the NDA for Iluvien accepted by the U.S. FDA for review, and it has also been given Priority Review status.
Monsanto Co. (NYSE: MON) 4.6% LOWER; sees FY ongoing EPS within expected range of $2.40-$2.45, but at the low end of prior view of $2.40-$2.60. The consensus is $2.49. Sees free cash slow in $400-$500 million range.
Methanex Corp. (Nasdaq: MEOH) 4.7% HIGHER; Upgraded to Strong By at Raymond James
Rackspace (NYSE: RAX) 3.4% LOWER; Downgraded form Buy to Hold at Benchmark
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Mediacom Communications Corp. (Nasdaq: MCCC) 15.9% LOWER; CEO drops his bid to take the company private
Lions Gate Entertainment Corp. (NYSE: LGF) 13% HIGHER; Carl Icahn raises his tender offer to $7.50.
Isle of Capri Casinos Inc. (Nasdaq: ISLE) 10.9% LOWER; reports Q1 loss of $0.08, below the analyst estimate of $0.12 profit. Revenue for the quarter was $251.9 million, which compares to the estimate of $263.60 million.
Energy Conversion Devices, Inc. (Nasdaq: ENER) 8.5% HIGHER; reports Q4 adjusted loss of $0.32, versus the analyst estimate of ($0.60). Revenue for the quarter was $86.2 million, which compares to the estimate of $72.34 million. Sees Q1 revenues of $63-$68 million, versus the consensus of $80 million. Sees FY11 revenues of $280-$330 million, versus the consensus of $333.8 million.
Alimera Sciences, Inc., (Nasdaq: ALIM) 7.3% HIGHER; Said the NDA for Iluvien accepted by the U.S. FDA for review, and it has also been given Priority Review status.
Monsanto Co. (NYSE: MON) 4.6% LOWER; sees FY ongoing EPS within expected range of $2.40-$2.45, but at the low end of prior view of $2.40-$2.60. The consensus is $2.49. Sees free cash slow in $400-$500 million range.
Methanex Corp. (Nasdaq: MEOH) 4.7% HIGHER; Upgraded to Strong By at Raymond James
Rackspace (NYSE: RAX) 3.4% LOWER; Downgraded form Buy to Hold at Benchmark
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