Pre-Open Movers 8/11: AgFeed (FEED) Higher on Results/Guidance; Brinker (EAT) Lower on Downgrade
StreetInsider.com Pre-Open Movers:
VeriChip Corporation (NASDAQ: CHIP) 36% HIGHER; Declares $1.35/Share Special Dividend
AgFeed Industries (Nasdaq: FEED) 19% HIGHER; reports Q2 EPS of $0.27, above the consensus of $0.17. Revenues came in at $35.64 milion, versus the consensus of $28.46 million. Sees FY08 EPS of $1.08-$1.20 versus the conensus of $0.95. Sees FY08 revenues of $145-$155 million, versus the consensus of $136.92 million.
Petrohawk Energy Corp. (NYSE: HK) 7% LOWER; To Offer 25M shares.
American Water Works (NYSE: AWK) 6% HIGHER; Barron's highlights the stock this weekend.
Extreme Networks, Inc. (Nasdaq: EXTR) 5.6% HIGHER; intends to commence a "modified Dutch auction" tender offer to purchase $100 million worth of its common stock at a price per share not less than $3.30 and not greater than $3.70.
Brinker International Inc. (NYSE: EAT) 5% LOWER; Goldman downgrades to Sell
Auxilium Pharmaceuticals Inc. (Nasdaq: AUXL) 5% HIGHER; Barron's highlights the stock this weekend.
National City Corporation (NYSE: NCC) 4% LOWER; SEC probe
Calpine Corporation (NYSE: CPN) 4% HIGHER; reports Q2 EPS of $0.41, compared to a $1.04 loss reported in Q207. Revenues for the quarter were $2.83 billion, compared to $2.06 billion in the same quarter last year.
Qwest Communications (NYSE: Q) 4% HIGHER; Citi upgrades to Buy
i2 Technologies, Inc. (NASDAQ: ITWO) 4% HIGHER; JDA Software Group Inc. (NASDAQ: JDAS) announced a definitive merger agreement to acquire i2 Technologies for $14.86/shaer.
Hertz (NYSE: HTZ) 3% LOWER; J.P. Morgan downgrades to Neutral
Emulex Corp. (NYSE: ELX) 3% HIGHER; Citi upgrades to Buy
LDK Solar Co.Ltd. (NYSE: LDK) 3% HIGHER; ThinkPanmure upgrades to Buy
Bronco Drilling Company, Inc. (NASDAQ: BRNC) 2% LOWER; Allis-Chalmers Energy Inc. (NYSE: ALY) and Bronco Drilling Company announced that they have terminated their Agreement and Plan of Merger relating to the proposed acquisition of Bronco by Allis-Chalmers.
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