Pre-Open Movers 6/24: Reliance Steel (RS) Higher on Raised Guidance; comScore (SCOR) Lower On Competition Fears

June 24, 2008 9:31 AM EDT

StreetInsider.com Pre-Open Movers:

Memry Corp. (AMEX: MRY) 60% HIGHER; to be Acquired by SAES Getters for $2.51/Share

Crystallex (AMEX: KRY) 31% HIGHER; was informed that MinAmb was instructed by the Government to reconsider issuance of the Las Cristinas Environmental Permit to Affect Natural Resources by discussing with Crystallex possible modifications of the Las Cristinas project, which could enable the Permit to be issued

comScore (Nasdaq: SCOR) 10% LOWER; reports Google (Nasdaq: GOOG) will offer a service to measure web site usage.

Royale Energy, Inc. (NASDAQ: ROYL) 9% HIGHER; Continues higher after yesterday's 15.6% run-up after the company announced applied for a permit to drill the V Canyon 20-2.

UBS AG (NYSE: UBS) 6% HIGHER; Takeover specualtion

Advanced Battery Technologies Inc. (NASDAQ: ABAT) 5% HIGHER; Announces $5 Million Contract With Quanzhou Hongtian Science & Technology Development Co., Ltd.

Credence Systems Corp. (NASDAQ: CMOS) 5% HIGHER; Citi upgrades to Hold

Reliance Steel & Aluminum Co. (NYSE: RS) 5% HIGHER; raises its second quarter earnings estimates. Reliance expects earnings to be in the range of $2.00 to $2.10 per diluted share, up approximately 30% from the Company’s prior guidance. The Wall Street consensus is $1.63.

ASML Holding NV (NASDAQ: ASML) 4.9% HIGHER; Goldman upgraddes to Buy, adds to Buy List

China Sunergy Co. Ltd. (NASDAQ: CSUN) 4.8% LOWER; Announces Private Offering of US$45 million of Convertible Senior Notes

UPS (NYSE: UPS) 4.3% LOWER; lowered its Q2 EPS guidance from $0.97-$1.04 to $0.83-$0.88, versus the consensus of $0.97. UPS said, "Slow U.S. economic growth and an unprecedented increase in the cost of fuel have resulted in lower-than-expected U.S. package volume and an accelerating contraction in the use of premium air products. In addition, the anemic U.S. economy is negatively impacting package volume into the United States, affecting results for the International segment. Performance in the Supply Chain & Freight segment is continuing to exceed expectations."

Fuel Systems Solutions, Inc. (NASDAQ: FSYS) 4% LOWER; Broadpoint Capital downgrades to Neutral

Kroger Co. (NYSE: KR) 4% HIGHER; reports Q1 EPS of $0.58, above the consensus of $0.55. Revenues came in at $23.11 billion versus the consensus of $22.32 billion. Kroger sees FY09 EPS of $1.85-$1.90, versus prior guidance of $1.83-$1.90 and the consensus of $1.90.

CapitalSource Inc. (NYSE: CSE) 3.8% LOWER; priced an offering of 30,000,000 shares of its common stock at a gross public offering price per share of $11.00.

ConAgra Foods, Inc., (NYSE: CAG) 3% HIGHER; announced that diluted EPS for its fiscal 2008 fourth quarter ended May 25, 2008, will be higher than the company's original EPS estimate of $0.30 to $0.35, excluding items impacting comparability. The higher-than-planned EPS primarily reflects very strong Trading & Merchandising profits, which are now classified within discontinued operations. The company is also pleased with the overall performance of the Food & Ingredients segment, as well as improved execution with regard to pricing in the Consumer Foods segment.

LAM Research Corp. (NASDAQ: LRCX) 3% HIGHER; Goldman upgrades to Buy, Adds to Buy List

Huntsman Corp. (NYSE: HUN) 2.7% HIGHER; UBS to Buy

Yahoo! Inc. (NASDAQ: YHOO) 1.2% LOWER; Thomas Weisel downgrades to Underweight

Dow Chemical (NYSE: DOW) 1% HIGHER; to Raise Prices by Additional 25% in July; Idles Certain Plants in North America and Europe

CenturyTel, Inc. (NYSE: CTL) INDICATED HIGHER; boosted its annual cash dividend to $2.80 from $.27 per share. The company also declared a one-time dividend of $.6325 per share, payable on July 21, 2008, to shareholders of record on July 7, 2008. CenturyTel also said it will accelerate purchases under the current $750 million share repurchase program to complete the remaining balance of approximately $385 million by year end 2008 or early 2009, which is expected to increase the Company's ratio of net debt to operating cash flow. CenturyTel said it will continue to distribute substantially all of its free cash flow to shareholders. The Company also expects to meet or exceed its previously announced second quarter 2008 operating revenues and diluted earnings per share guidance, excluding nonrecurring items, of $647 to $657 million and $.78 to $.82, respectively.

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