Morning Movers 9/1: SLRY, SRZ, AMPH, GIII, JOSB, SONS, BKC, SDRL, CCUR, JOYG Higher; BF-B, CSTR Lower
Salary.com, Inc. (Nasdaq: SLRY) 43% HIGHER; Agreed to be acquired for $4.07 per share.
Sunrise Senior Living Inc. (NYSE: SRZ) 33% HIGHER; announces revamped relationship with HCP to terminate contracts on 27 of the 75 senior housing communities. HCP will pay Sunrise $50 million. Also litigation proceeding were dismissed.
American Physicians Service Group Inc. (Nasdaq: AMPH) 22% HIGHER; Acquired by ProAssurance (NYSE: PRA) for $32.50 per share in cash.
G-III Apparel Group, Ltd. (Nasdaq: GIII) 14.5% HIGHER; reports Q2 EPS of $0.15, 17 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $189 million, which compares to the estimate of $161.86 million. Sees FY EPS of $2.60-$2.70, versus the consensus of $2.33. Sees FY sales of $1 billion, versus the consensus of $945.2 million.
Jos. A. Bank (Nasdaq: JOSB) 12.3% HIGHER; reports Q2 EPS of $0.59, 6 cents better than the analyst estimate of $0.53. Revenue for the quarter was $188.4 million, which compares to the estimate of $181.25 million.
Sonus Networks, Inc. (Nasdaq: SONS) 8.8% HIGHER; Update on renewed takeover speculation
Burger King Holdings Inc. (NYSE: BKC) 8.8% HIGHER; Reports private equity firms interested in a takeover of the company. The private equity firm mentioned 3i Group denied the reports, pushing shares off the highs.
SeaDrill Limited (Nasdaq: SDRL) 7.5% HIGHER; Post strong Q2 results
Concurrent Computer Corporation (Nasdaq: CCUR) 7.5% HIGHER; reports Q4 EPS of $0.11, 8 cents better than the analyst estimate of $0.03. Revenue for the quarter was $18.1 million, which compares to the estimate of $18.70 million.
Brown Forman (NYSE: BF-B) 5.3% LOWER; Disappointing Q1 results.
Joy Global, Inc. (Nasdaq: JOYG) 4.3% HIGHER; Reports Q3 EPS of $1.13, 11 cents better than the analyst estimate of $1.02. Revenue for the quarter was $850 million, which compares to the estimate of $878.20 million. Sees FY EPS OF $4.10-$4.15, versus prior view of $3.85-$4.00 and the consensus of $4.00. Sees FY revenues of $3.35-$3.4 billion, versus prior view of $3.3-$3.4 billion and the consensus of $3.41 billion.
Coinstar Inc. (Nasdaq: CSTR) 3.8% LOWER; Possibly lower on reports of a monthly online rental service from Amazon.com.
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