Pre-Open Movers 5/23: Pacific Sunwear (PSUN) Down After Results; Sino-Global Shipping (SINO) Up On Continued Momentum

May 23, 2008 9:30 AM EDT

StreetInsider.com Pre-Open Movers:

Alkermes, Inc. (Nasdaq: ALKS) 16.7% LOWER; reports a Q4 loss of $0.19, versus the analyst estimate of $0.02. Revenues for the quarter were $62.4 million, versus the consensus of $62.88 million.  Sees 2009 revs of $175-$200 million and loss of $0.11-$0.16 per share.  Baird downgrades to Neutral

Sino-Global Shipping America, Ltd. (Nasdaq: SINO) 13.75% HIGHER; Wednesday's hot IPO continues higher after rising 53% today.

Pacific Sunwear of California, Inc. (Nasdaq: PSUN) 8.5% LOWER; reports a Q1 loss of $0.10, in-line with the analyst estimate of ($0.10). Revenues for the quarter were $266.9 million, versus the consensus of $266.52 million. Sees Q2 EPS of $0.03-$0.08, versus the consensus of $0.12. Sees FY09 EPS of $0.59-$0.64, versus $0.67.  Piper cuts rating to Neutral

Black Box Network Services (Nasdaq: BBOX) 5.8% LOWER; reports Q4 EPS of $0.74, 3 cents lower than the analyst estimate of $0.77. Revenues for the quarter were $245 million, versus the consensus of $241.90 million. Sees FY09 EPS of $3.25-$3.40, versus the consensus of $3.60 and revs of about $1 billion, versus the consensus of $1.05 billion.

Hibbett Sports Inc. (Nasdaq: HIBB) 6.8% HIGHER; reports Q1 EPS of $0.32, 5 cents better than the analyst estimate of $0.27. Revenues for the quarter were $145.8 million, versus the consensus of $141.98 million. Reaffirms FY09 EPS guidance of $0.88-$0.90, versus the consensus of $0.96.

Verigy (Nasdaq: VRGY) 6% HIGHER; reports Q2 EPS of $0.23, 4 cents better than the analyst estimate of $0.19. Revenues for the quarter were $162 million, versus the consensus of $161.55 million. Sees Q3 EPS of $0.24-$0.29, versus the consensus of $0.19. See Q3 revs of $170-$180 million, versus $159 million.

Ivanhoe Energy (Nasdaq: IVAN) 5.9% HIGHER; R. James starts at Outperform

CA (NYSE: CA) 5% HIGHER; reports Q4 EPS of $0.22, 6 cents lower than the analyst estimate of $0.28. Revenues for the quarter were $1.085 billion, versus the consensus of $1.09 billion. Sees FY09 revs of $4.5-$4.6 billion, versus the consensus of $4.42 billion. Sees EPS of $1.45-$1.52, versus $1.32.

Zumiez (Nasdaq: ZUMZ) 4.6% HIGHER; reports Q1 EPS of $0.05, 2 cents better than the analyst estimate of $0.03. Revenues for the quarter were $78.7 million, versus the consensus of $78.10 million. Reiterates FY09 guidance of $0.90-$0.93, versus the Street consensus of $0.92.

Cheesecake Factory (Nasdaq: CAKE) 3.6% LOWER; Goldman cuts to Neutral

Intuitive Surgical Inc. (NASDAQ: ISRG) 3.4% HIGHER; will replace The Bear Stearns Companies in the S&P 500

Dillard's Inc. (NYSE: DDS) 3% LOWER; reports Q1 EPS of $0.05, ex-items, which may not compare to the analyst estimate of $0.21. Revenues for the quarter were $1.676 billion, versus the consensus of $1.71 billion.

Olympic Steel Inc. (NASDAQ: ZEUS) 2.8% HIGHER; will replace X-Rite in the S&P SmallCap 600

Polypore International Inc. (NYSE: PPO) 2.8% LOWER; priced a follow-on public offering of 7.5 million shares of its common stock, of which 3.75 million are primary shares and 3.75 million are secondary shares, at $24.00 per share.

Apple Inc. (NASDAQ: AAPL) 2% HIGHER; Merrill raises price target, Goldman adds to Buy List

Gap Inc. (NYSE: GPS) 2% HIGHER; reports Q1 EPS of $0.34, 3 cents better than the analyst estimate of $0.31. Revenues for the quarter were $3.38 billion, versus the consensus of $3.42 billion. Reaffirms forecast for FY09 EPS of $1.20-$1.27, versus the consensus of $1.25

Nucor Corp. (NYSE: NUE) 1.5% LOWER; prices 25M share stock offering at $74

Magellan Health Services Inc. (NASDAQ: MGLN) 1.4% HIGHER; will replace Bright Horizons Family Solutions in the S&P SmallCap 600.

The Shaw Group Inc. (NYSE: SGR) 1% HIGHER; will replace Intuitive Surgical in the S&P MidCap 400

Angelica Corporation (NYSE: AGL) INDICATED HIGHER; has signed a definitive merger agreement on May 22, 2008 with a company formed by Lehman Brothers Merchant Banking Partners IV L.P. to acquire Angelica for $22.00 per share in cash. The transaction, which is subject to approval by Angelica shareholders, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and satisfaction of other customary closing conditions, is expected to close in late summer.

Get This Report E-Mailed To You Daily and Much, Much More With StreetInsider.com Premium - FREE TRIAL

Related Categories

Special Reports

Stocks Mentioned

Related Entities

• Bear Stearns
• Lehman Brothers
• Robert W Baird

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?