Pre-Open Movers: PeopleSupport (PSPT) Higher On Buyout; Advanced Medical Optics (EYE) Lower on Results

August 4, 2008 9:24 AM EDT

StreetInsider.com Pre-Open Movers:

PeopleSupport, Inc. (Nasdaq: PSPT) 25% HIGHER; Aegis BPO and PeopleSupport, Inc. (Nasdaq: PSPT) announced a definitive agreement to merge through Essar Services (Mauritius), its wholly owned subsidiary, through a cash transaction with an aggregate equity value of approximately $250 million. This strategic combination has been unanimously approved by the Boards of Directors of both companies. Under the terms of the agreement, Aegis BPO will pay PeopleSupport stockholders $12.25 per share in cash.

Advanced Medical Optics, Inc. (NYSE: EYE) 12% LOWER; reports Q2 EPS of $0.24, ex-items, 3 cents lower than the analyst estimate of $0.27. Revenues for the quarter were $320.5 million, versus the consensus of $307.69 million. Lowers its previously issued FY08 EPS guidance from $1.25-$1.45 to $1.00-$1.15, versus the consensus of $1.20. Sales for FY08 are expected to be in the range of $1.22-$1.24 billion, versus $1.23 billion.

Clean Energy Fuels Corp. (Nasdaq: CLNE) 8% HIGHER; Cramer higlights on Mad Money Friday

Louisiana-Pacific Corp. (NYSE: LPX) 7% LOWER; suspends quarterly dividend

Humana (NYSE: HUM) 7% HIGHER; reports Q2 earnings of $1.24 per share, above the consensus of $1.18. Revenues came in at $7.35 billion, versus the consensus of $7.14 billion. Sees Q3 EPS of $1.45-$1.50 versus the consensus of $1.36. Sees FY08 EPS of $4.30-$4.40 versus the consensus of $4.20.

STEC, Inc. (Nasdaq: STEC) 5% HIGHER; reports Q2 EPS of $0.09, 1 cent better than the analyst estimate of $0.08. Revenues for the quarter were $56.2 million, versus the consensus of $53.15 million. Sees Q3 revs in the range of $61-$63 million, versus the consensus of $59.43 million. Non-GAAP EPS are are expected to be $0.10-$0.11, versus the consensus of $0.10.

Fuel Systems Solutions, Inc. (Nasdaq: FSYS) 4% HIGHER; Cramer higlights on Mad Money Friday.
Boyd Gaming Corp. (NYSE: BYD) 2% HIGHER; Merrill upgrades to Neutral.

Deere (NYSE: DE) 2% LOWER; Goldman downgrades to Netural.

Broadcom Corp. (Nasdaq: BRCM) 2% HIGHER; $1B Buyback


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