Morning Movers 8/6: RTK, CIT, SXCI, APT, MEND, ABK, MBI, FNM Higher; VITA, PCS, FRP, OCNF, GKK, KNDL Lower
Up)
Rentech, Inc. (AMEX: RTK) 71.4% HIGHER; announced today that ASTM International's full governance committee has unanimously approved modifying the specifications for commercial aviation jet fuel to include up to a 50/50 blend of synthetic Fischer-Tropsch jet fuel. The jet fuel certified by the Federal Aviation Administration for use in commercial aircraft relies on ASTM's specifications. Rentech's jet fuel, RenJet(R), qualifies under the approved specifications of synthetic jet fuel.
CIT Group (NYSE: CIT) 29.5% HIGHER; see Bailed-out BINGO Part II.
Orthovita, Inc. (NASDAQ: VITA) 28.8% LOWER; reports Q2 loss of $0.01, 1 cent better than the analyst estimate of ($0.02). Revenue for the quarter was $24.5 million, versus the consensus of $22.86 million. Raises its FY09 loss guidance from $0.07-$0.08 to $0.04-$0.05, versus the consensus of a loss of $0.05.
MetroPCS Communications, Inc. (NYSE: PCS) 27.7% LOWER; reports Q2 EPS of $0.07, 7 cents lower than the analyst estimate of $0.14. Revenue for the quarter was $860 million, versus the consensus of $861.74 million.
SXC Health Solutions, Corp. (Nasdaq: SXCI) 27% HIGHER; reported Q2 adjusted EPS of $0.53, well ahead of the analyst estimate of $0.19. Revenue for the quarter was $320.8 million, versus the consensus of $301 million.
Alpha Pro Tech (Amex: APT) 26.2% HIGHER; reports Q2 EPS of $0.10, compared to $0.02 in the same quarter last year. Revenue for the quarter was $14.5 million, versus $8.9 million in Q208.
FairPoint Communications, Inc. (NYSE: FRP) 25.2% LOWER; reports Q2 loss of $0.20, 12 cents lower than the analyst estimate of ($0.08). Revenue for the quarter was $299.6 million, versus the consensus of $299.80 million.
OceanFreight (Nasdaq: OCNF) 25.1% LOWER; reports Q2 EPS of $0.00, ex-items, 2 cents lower than the analyst estimate of $0.02. Revenue for the quarter was $29.9 million, versus the consensus of $32.84 million. Cantor Fitzgerald downgraded to Sell.
Micrus Endovascular Corporation (Nasdaq: MEND) 23.8% HIGHER; reports Q1 EPS of $0.14, versus the analyst estimate of ($0.02). Revenue for the quarter was $21.2 million, versus the consensus of $19.68 million. Raises its FY10 sales guidance to $82-$86 million, versus the consensus of $84.60 million.
Ambac (NYSE: ABK) 23.7% HIGHER; continued momentum from Tuesday and Wednesday's jumps. Over the last 2 days, shares of Ambac have nearly doubled.
MBIA (NYSE: MBI) 21.9% HIGHER; reports Q2 EPS of $4.30, versus the analyst estimate of ($0.92). first half adj-book value was $40.01. Also trading higher with the majority of the group. The stock is up 50% since Monday.
Fannie Mae (NYSE: FNM) 21.6% HIGHER; see ABK.
AIG (NYSE: AIG) 21.1% HIGHER; see ABK, MBI, FNM. AIG rose more than 62% yesterday.
HSN, Inc. (Nasdaq: HSNI) 20.7% HIGHER; reports Q2 EPS of $0.27, ex-items, compared to $0.32 in the same quarter last year. Revenue for the quarter was $640.1 million, versus $695.8 million in Q208.
Freddie Mac (NYSE: FRE) 19.4% HIGHER; same as the above 4 stocks.
Home Inns & Hotels Management Inc. (Nasdaq: HMIN) 18.5% HIGHER; reports Q2 EPS of $0.23, ex-items, 10 cents better than the analyst estimate of $0.13. Revenue for the quarter was $94 million, versus the consensus of $86.1 million. Sees Q3 sales of $100.3-$103.2 million, versus the consensus of $92.32 million.
Gramercy Capital Corp. (NYSE: GKK) 17.3% LOWER; reports Q2 FFO loss of $3.39, versus the analyst estimate of ($0.67). Revenue for the quarter was $158.51 million, versus the consensus of $160.19 million.
Cumulus Media (Nasdaq: CMLS) 16.7% HIGHER; continuing higher today following yesterday's better-than-expected quarterly results.
I2 Technologies (Nasdaq: ITWO) 16.6% HIGHER; reports Q2 EPS of $0.40, 21 cents better than the analyst estimate of $0.19. Revenue for the quarter was $57.1 million, versus the consensus of $55.30 million.
Thoratec (Nasdaq: THOR) 15.5% HIGHER; reports Q2 EPS of $0.18, ex-items, in-line with the analyst estimate of $0.19. Revenue for the quarter was $92.1 million, versus the consensus of $87.36 million. Bank of America upgrades from Neutral to Buy. Price target $34.
Radian (NYSE: RDN) 14.9% HIGHER; continuing higher today. The company reported a surprise Q2 profit yesterday.
Canadian Solar (Nasdaq: CSIQ) 14.8% HIGHER; reports Q2 EPS of $0.49, versus the analyst estimate of ($0.09). Revenue for the quarter was $114.2 million, versus the consensus of $94.12 million. Our Q209 shipments were 48.2 MW, including 39.5 MW of conventional high efficiency polysilicon modules, 7.0 MW of our proprietary e-Modules, and 1.7 MW of cells and solar application products. Sees Q3 shipments of 90-100MW. Raises its FY09 shipment guidance from 200-200MW to 260-270MW.
ANSYS, Inc. (NASDAQ: ANSS) 14.7% HIGHER; reports Q2 EPS of $0.43, 7 cents better than the analyst estimate of $0.36. Revenue for the quarter was $122.03 million, versus the consensus of $122.61 million. Sees Q3 sales of $124-$130 million, versus the consensus of $130.1 million. EPS for the quarter are expected to be $0.40-$0.42, versus the Street estimate of $0.41. For FY09, sales are expected to be in the range of $510-$528 million, which compares to the Street estimate of $520.61 million, with adj-EPS of $1.66-$1.76, versus the consensus of $1.61.
Fuqi International, Inc. (Nasdaq: FUQI) 14.4% HIGHER; reports Q2 EPS of $0.45, 14 cents better than the analyst estimate of $0.31. Revenue for the quarter was $100.8 million, versus the consensus of $92.8 million. Fuqi International sees Q3 EPS of $0.40-$0.44, versus the consensus of $0.37. Sees Q3 revs of $121.5-$131.1 million, versus the consensus of $119.7 million.
Kendle (Nasdaq: KNDL) 13.6% LOWER; reports Q2 EPS of $0.43, ex-items, versus the analyst estimate of $0.32. Revenue for the quarter was $107.4 million, versus the consensus of $108.45 million. Suspending forecast for '09.
Given Imaging Ltd. (Nasdaq: GIVN) 13.3% HIGHER; reports Q2 EPS of $0.19 non-gaap which may not compare to the analyst estimate of $0.06. Revenue for the quarter was $36 million, versus the consensus of $34.58 million. Sees meeting FY09 forecasts.
Real Goods Solar, Inc. (Nasdaq: RSOL) 13.2% HIGHER; reports Q2 loss of $0.03, 1 cent better than the analyst estimate of ($0.04). Revenue for the quarter was $12.7 million, versus the consensus of $11.30 million.
United Online Inc. (Nasdaq: UNTD) 13.2% LOWER; reports Q2 EPS of $0.37, ex-items, 2 cents better than the analyst estimate of $0.35. Revenue for the quarter was $260.8 million, versus the consensus of $253.35 million. The stock was also downgraded to Hold at Jefferies.
TBS International Limited (Nasdaq: TBSI) 12.5% LOWER; reports Q2 loss of $0.57, versus the analyst estimate of ($0.26). Revenue for the quarter was $72.2 million, versus the consensus of $60.03 million.
Brinker (NYSE: EAT) 12.4% LOWER; reports Q4 EPS of $0.52, 3 cents better than the analyst estimate of $0.49. Revenue for the quarter was $829.4 million, versus the consensus of $853.31 million. Sees Q1 EPS 12c to 14c versus consensus of $0.29. Sees 2010 sames store sales down 2% to 4%.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
CIT Group (NYSE: CIT) 29.5% HIGHER; see Bailed-out BINGO Part II.
Orthovita, Inc. (NASDAQ: VITA) 28.8% LOWER; reports Q2 loss of $0.01, 1 cent better than the analyst estimate of ($0.02). Revenue for the quarter was $24.5 million, versus the consensus of $22.86 million. Raises its FY09 loss guidance from $0.07-$0.08 to $0.04-$0.05, versus the consensus of a loss of $0.05.
MetroPCS Communications, Inc. (NYSE: PCS) 27.7% LOWER; reports Q2 EPS of $0.07, 7 cents lower than the analyst estimate of $0.14. Revenue for the quarter was $860 million, versus the consensus of $861.74 million.
SXC Health Solutions, Corp. (Nasdaq: SXCI) 27% HIGHER; reported Q2 adjusted EPS of $0.53, well ahead of the analyst estimate of $0.19. Revenue for the quarter was $320.8 million, versus the consensus of $301 million.
Alpha Pro Tech (Amex: APT) 26.2% HIGHER; reports Q2 EPS of $0.10, compared to $0.02 in the same quarter last year. Revenue for the quarter was $14.5 million, versus $8.9 million in Q208.
FairPoint Communications, Inc. (NYSE: FRP) 25.2% LOWER; reports Q2 loss of $0.20, 12 cents lower than the analyst estimate of ($0.08). Revenue for the quarter was $299.6 million, versus the consensus of $299.80 million.
OceanFreight (Nasdaq: OCNF) 25.1% LOWER; reports Q2 EPS of $0.00, ex-items, 2 cents lower than the analyst estimate of $0.02. Revenue for the quarter was $29.9 million, versus the consensus of $32.84 million. Cantor Fitzgerald downgraded to Sell.
Micrus Endovascular Corporation (Nasdaq: MEND) 23.8% HIGHER; reports Q1 EPS of $0.14, versus the analyst estimate of ($0.02). Revenue for the quarter was $21.2 million, versus the consensus of $19.68 million. Raises its FY10 sales guidance to $82-$86 million, versus the consensus of $84.60 million.
Ambac (NYSE: ABK) 23.7% HIGHER; continued momentum from Tuesday and Wednesday's jumps. Over the last 2 days, shares of Ambac have nearly doubled.
MBIA (NYSE: MBI) 21.9% HIGHER; reports Q2 EPS of $4.30, versus the analyst estimate of ($0.92). first half adj-book value was $40.01. Also trading higher with the majority of the group. The stock is up 50% since Monday.
Fannie Mae (NYSE: FNM) 21.6% HIGHER; see ABK.
AIG (NYSE: AIG) 21.1% HIGHER; see ABK, MBI, FNM. AIG rose more than 62% yesterday.
HSN, Inc. (Nasdaq: HSNI) 20.7% HIGHER; reports Q2 EPS of $0.27, ex-items, compared to $0.32 in the same quarter last year. Revenue for the quarter was $640.1 million, versus $695.8 million in Q208.
Freddie Mac (NYSE: FRE) 19.4% HIGHER; same as the above 4 stocks.
Home Inns & Hotels Management Inc. (Nasdaq: HMIN) 18.5% HIGHER; reports Q2 EPS of $0.23, ex-items, 10 cents better than the analyst estimate of $0.13. Revenue for the quarter was $94 million, versus the consensus of $86.1 million. Sees Q3 sales of $100.3-$103.2 million, versus the consensus of $92.32 million.
Gramercy Capital Corp. (NYSE: GKK) 17.3% LOWER; reports Q2 FFO loss of $3.39, versus the analyst estimate of ($0.67). Revenue for the quarter was $158.51 million, versus the consensus of $160.19 million.
Cumulus Media (Nasdaq: CMLS) 16.7% HIGHER; continuing higher today following yesterday's better-than-expected quarterly results.
I2 Technologies (Nasdaq: ITWO) 16.6% HIGHER; reports Q2 EPS of $0.40, 21 cents better than the analyst estimate of $0.19. Revenue for the quarter was $57.1 million, versus the consensus of $55.30 million.
Thoratec (Nasdaq: THOR) 15.5% HIGHER; reports Q2 EPS of $0.18, ex-items, in-line with the analyst estimate of $0.19. Revenue for the quarter was $92.1 million, versus the consensus of $87.36 million. Bank of America upgrades from Neutral to Buy. Price target $34.
Radian (NYSE: RDN) 14.9% HIGHER; continuing higher today. The company reported a surprise Q2 profit yesterday.
Canadian Solar (Nasdaq: CSIQ) 14.8% HIGHER; reports Q2 EPS of $0.49, versus the analyst estimate of ($0.09). Revenue for the quarter was $114.2 million, versus the consensus of $94.12 million. Our Q209 shipments were 48.2 MW, including 39.5 MW of conventional high efficiency polysilicon modules, 7.0 MW of our proprietary e-Modules, and 1.7 MW of cells and solar application products. Sees Q3 shipments of 90-100MW. Raises its FY09 shipment guidance from 200-200MW to 260-270MW.
ANSYS, Inc. (NASDAQ: ANSS) 14.7% HIGHER; reports Q2 EPS of $0.43, 7 cents better than the analyst estimate of $0.36. Revenue for the quarter was $122.03 million, versus the consensus of $122.61 million. Sees Q3 sales of $124-$130 million, versus the consensus of $130.1 million. EPS for the quarter are expected to be $0.40-$0.42, versus the Street estimate of $0.41. For FY09, sales are expected to be in the range of $510-$528 million, which compares to the Street estimate of $520.61 million, with adj-EPS of $1.66-$1.76, versus the consensus of $1.61.
Fuqi International, Inc. (Nasdaq: FUQI) 14.4% HIGHER; reports Q2 EPS of $0.45, 14 cents better than the analyst estimate of $0.31. Revenue for the quarter was $100.8 million, versus the consensus of $92.8 million. Fuqi International sees Q3 EPS of $0.40-$0.44, versus the consensus of $0.37. Sees Q3 revs of $121.5-$131.1 million, versus the consensus of $119.7 million.
Kendle (Nasdaq: KNDL) 13.6% LOWER; reports Q2 EPS of $0.43, ex-items, versus the analyst estimate of $0.32. Revenue for the quarter was $107.4 million, versus the consensus of $108.45 million. Suspending forecast for '09.
Given Imaging Ltd. (Nasdaq: GIVN) 13.3% HIGHER; reports Q2 EPS of $0.19 non-gaap which may not compare to the analyst estimate of $0.06. Revenue for the quarter was $36 million, versus the consensus of $34.58 million. Sees meeting FY09 forecasts.
Real Goods Solar, Inc. (Nasdaq: RSOL) 13.2% HIGHER; reports Q2 loss of $0.03, 1 cent better than the analyst estimate of ($0.04). Revenue for the quarter was $12.7 million, versus the consensus of $11.30 million.
United Online Inc. (Nasdaq: UNTD) 13.2% LOWER; reports Q2 EPS of $0.37, ex-items, 2 cents better than the analyst estimate of $0.35. Revenue for the quarter was $260.8 million, versus the consensus of $253.35 million. The stock was also downgraded to Hold at Jefferies.
TBS International Limited (Nasdaq: TBSI) 12.5% LOWER; reports Q2 loss of $0.57, versus the analyst estimate of ($0.26). Revenue for the quarter was $72.2 million, versus the consensus of $60.03 million.
Brinker (NYSE: EAT) 12.4% LOWER; reports Q4 EPS of $0.52, 3 cents better than the analyst estimate of $0.49. Revenue for the quarter was $829.4 million, versus the consensus of $853.31 million. Sees Q1 EPS 12c to 14c versus consensus of $0.29. Sees 2010 sames store sales down 2% to 4%.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
You May Also Be Interested In
- Notable 52-Week Highs and Lows of the Day 05/25: (LCC) (RPRX) High; (DCTH) (MXWL) (VIP) Low
- Top 10 News Items 5/21-5/25: Eurozone Fears Remain, But Stocks Charge Higher; Facebook Continues to Be Sold; HP Investors Cheer Q2 Results
- Pre-Open Movers 5/24: (P) (HPQ) (PVH) Higher; (NTAP) (MTGE) (TIF) Lower (more...)
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Cantor Fitzgerald, Jefferies & Co, Bank of America, Morning MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
