Pre-Open Movers 8/16: (CCRT) (VQ) (CSCO) Higher; (IDIX) (A) (MCP) Lower (more...)
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Pre-Open Movers:
CompuCredit Holdings Corporation (NASDAQ: CCRT) 54% HIGHER ; commenced a cash tender offer for up to 8,250,000 shares of its outstanding common stock, no par value per share, at a purchase price of $10.00 per share.
Idenix Pharmaceuticals (Nasdaq: IDIX) 42% LOWER; announced a partial clinical hold on HCV treatment IDX184 due to an adverse clinical cardiac event.
Venoco, Inc. (NYSE: VQ) 17% HIGHER ; CEO is engaged in advanced discussions regarding the financing of the merger contemplated by the merger agreement.
Sina Corp (NASDAQ: SINA) 9% HIGHER ; reported Q2 EPS of $0.05, $0.07 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $131.6 million versus the consensus estimate of $127.26 million. Sina Corp sees Q3 2012 revenue of $145-148 million, versus the consensus of $147.34 million.
Agilent Technologies, Inc. (NYSE: A) 9% LOWER; reported Q2 EPS of $0.79, $0.04 worse than the analyst estimate of $0.83. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.79 billion. Agilent Technologies, Inc. sees FY2012 EPS of $3.06-3.08, versus the consensus of $3.23. Agilent Technologies, Inc. sees FY2012 revenue of $6.85-6.87 billion, versus the consensus of $7.03 billion.
Molycorp, Inc. (NYSE: MCP) 9% LOWER; $300 million conv. notes offering, places $60 million in common stock.
Electronic Arts Inc. (NYSE: EA) 9% HIGHER ; PE takeover speculation from the NY Post
Coinstar, Inc. (NASDAQ: CSTR) 7% HIGHER ; PE takeover speculation from the NY Post
Cisco Systems, Inc. (NASDAQ: CSCO) 7% HIGHER ; reported Q4 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $11.7 billion versus the consensus estimate of $11.61 billion. Cisco Systems, Inc. (NASDAQ: CSCO) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. This is up 75% from prior dividend of $0.08.
NetApp, Inc. (NASDAQ: NTAP) 5% HIGHER ; reported Q1 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.46 billion. NetApp, Inc. sees Q2 2012 EPS of $0.45-.50, versus the consensus of $0.46. NetApp, Inc. sees Q2 2012 revenue of $1.5-1.6 billion, versus the consensus of $1.54 billion.
Petsmart, Inc. (NASDAQ: PETM) 5% HIGHER ; reported Q2 EPS of $0.71, $0.06 better than the analyst estimate of $0.65. Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $1.6 billion. Comparable store sales, or sales in stores open at least a year, grew 7.0%. Petsmart, Inc. sees FY2012 EPS of $3.30-3.40, versus prior guidance of $3.19-3.31 and the consensus of $3.30. Petsmart, Inc. sees Q3 2012 EPS of $0.59-0.63, versus the consensus of $0.61.
Perrigo Co (NASDAQ: PRGO) 5% LOWER; reported Q4 EPS of $1.28, $0.02 better than the analyst estimate of $1.26. Revenue for the quarter came in at $831.77 million versus the consensus estimate of $855.8 million. Perrigo Co sees FY2013 EPS of $5.30-5.50, versus the consensus of $5.42.
Dollar Tree, Inc. (NASDAQ: DLTR) 5% LOWER; reported Q2 EPS of $0.51, $0.04 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.71 billion. Dollar Tree, Inc. sees Q3 2012 EPS of $0.47-0.51, versus the consensus of $0.52. Dollar Tree, Inc. sees Q3 2012 revenue of $1.71-1.75 billion, versus the consensus of $1.77 billion. Dollar Tree, Inc. sees FY2012 EPS of $2.45-2.52, versus the consensus of $2.48. Dollar Tree, Inc. sees FY2012 revenue of $7.36-7.45 billion, versus the consensus of $7.47 billion.
GNC Holdings Inc. (NYSE: GNC) 4% LOWER; large holder Ontario Teachers Pension Fund sold 8,965,796 shares on 8/14 at $38.42. There stake is now 6,574,439 shares. Downgraded at Deutsche Bank.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) 4% LOWER; announced the pricing of an underwritten registered public offering of 10,000,000 shares of common stock at a public offering price of $6.73 per share.
Applied Materials, Inc. (NASDAQ: AMAT) 4% LOWER; reported Q3 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.32 billion. Sees Q4 $0.00 - $0.06, versus $0.12 consensus. Sees Q4 sales down 25 - 40 percent sequentially.
Wal-Mart Stores (NYSE: WMT) 3% LOWER; reported Q2 EPS of $1.18, $0.01 better than the analyst estimate of $1.17. Revenue for the quarter came in at $114.3 billion versus the consensus estimate of $115.56 billion. Sees Q3 EPS of $1.04-$1.09, versus the consensus of $1.05. Wal-Mart Stores sees FY13 EPS of $4.83-4.93, versus prior guidance of $4.72-4.92 and the consensus of $4.93.
Facebook (Nasdaq: FB) 3% LOWER; lock-up expires.
E-Commerce China Dangdang (NYSE: DANG) 3% LOWER; reported Q2 EPS of ($0.24), $0.01 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $190.1 million versus the consensus estimate of $186.37 million. Dangdang expects its total net revenues in the third quarter of 2012 to be around RMB1,272 million.
EMC Corporation (NYSE: EMC) 2% HIGHER ; Solid results and outlook from NetApp.
Sears Holding Corp. (NASDAQ: SHLD) 2% HIGHER ; reported Q2 EPS of ($0.86), in-line with the analyst estimate of ($0.86). Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.63 billion. Sears Domestic's comparable store sales declined 2.9% in the second quarter of 2012, Kmart's comparable store sales declined 4.7%, and Sears Canada's comparable store sales declined 7.1%
MIPS Technologies, Inc. (NASDAQ: MIPS) 2% HIGHER ; reported Q4 EPS of $0.35, $0.18 better than the analyst estimate of $0.17. Revenue for the quarter came in at $38.4 million versus the consensus estimate of $26.2 million
Best Buy Co. Inc. (NYSE: BBY) 2% HIGHER ; Schulze affirms commitment to deal
Juniper Networks (NASDAQ: JNPR) 2% HIGHER ; Up on solid results from Cisco.
F5 Networks, Inc. (NASDAQ: FFIV) 2% HIGHER ; Up on solid results from Cisco.
Riverbed Technology, Inc. (NASDAQ: RVBD) 2% HIGHER ; Up on solid results from Cisco.
Aruba Networks, Inc. (NASDAQ: ARUN) 2% HIGHER ; Up on solid results from Cisco.
Acme Packet, Inc. (NASDAQ: APKT) 1% HIGHER ; Up on solid results from Cisco.
Abercrombie & Fitch (NYSE: ANF) 1% HIGHER ; Wedbush upgraded from Neutral to Outperform with a price target of $45.00 (from $30.00).
CompuCredit Holdings Corporation (NASDAQ: CCRT) 54% HIGHER ; commenced a cash tender offer for up to 8,250,000 shares of its outstanding common stock, no par value per share, at a purchase price of $10.00 per share.
Idenix Pharmaceuticals (Nasdaq: IDIX) 42% LOWER; announced a partial clinical hold on HCV treatment IDX184 due to an adverse clinical cardiac event.
Venoco, Inc. (NYSE: VQ) 17% HIGHER ; CEO is engaged in advanced discussions regarding the financing of the merger contemplated by the merger agreement.
Sina Corp (NASDAQ: SINA) 9% HIGHER ; reported Q2 EPS of $0.05, $0.07 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $131.6 million versus the consensus estimate of $127.26 million. Sina Corp sees Q3 2012 revenue of $145-148 million, versus the consensus of $147.34 million.
Agilent Technologies, Inc. (NYSE: A) 9% LOWER; reported Q2 EPS of $0.79, $0.04 worse than the analyst estimate of $0.83. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.79 billion. Agilent Technologies, Inc. sees FY2012 EPS of $3.06-3.08, versus the consensus of $3.23. Agilent Technologies, Inc. sees FY2012 revenue of $6.85-6.87 billion, versus the consensus of $7.03 billion.
Molycorp, Inc. (NYSE: MCP) 9% LOWER; $300 million conv. notes offering, places $60 million in common stock.
Electronic Arts Inc. (NYSE: EA) 9% HIGHER ; PE takeover speculation from the NY Post
Coinstar, Inc. (NASDAQ: CSTR) 7% HIGHER ; PE takeover speculation from the NY Post
Cisco Systems, Inc. (NASDAQ: CSCO) 7% HIGHER ; reported Q4 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $11.7 billion versus the consensus estimate of $11.61 billion. Cisco Systems, Inc. (NASDAQ: CSCO) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. This is up 75% from prior dividend of $0.08.
NetApp, Inc. (NASDAQ: NTAP) 5% HIGHER ; reported Q1 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.46 billion. NetApp, Inc. sees Q2 2012 EPS of $0.45-.50, versus the consensus of $0.46. NetApp, Inc. sees Q2 2012 revenue of $1.5-1.6 billion, versus the consensus of $1.54 billion.
Petsmart, Inc. (NASDAQ: PETM) 5% HIGHER ; reported Q2 EPS of $0.71, $0.06 better than the analyst estimate of $0.65. Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $1.6 billion. Comparable store sales, or sales in stores open at least a year, grew 7.0%. Petsmart, Inc. sees FY2012 EPS of $3.30-3.40, versus prior guidance of $3.19-3.31 and the consensus of $3.30. Petsmart, Inc. sees Q3 2012 EPS of $0.59-0.63, versus the consensus of $0.61.
Perrigo Co (NASDAQ: PRGO) 5% LOWER; reported Q4 EPS of $1.28, $0.02 better than the analyst estimate of $1.26. Revenue for the quarter came in at $831.77 million versus the consensus estimate of $855.8 million. Perrigo Co sees FY2013 EPS of $5.30-5.50, versus the consensus of $5.42.
Dollar Tree, Inc. (NASDAQ: DLTR) 5% LOWER; reported Q2 EPS of $0.51, $0.04 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.71 billion. Dollar Tree, Inc. sees Q3 2012 EPS of $0.47-0.51, versus the consensus of $0.52. Dollar Tree, Inc. sees Q3 2012 revenue of $1.71-1.75 billion, versus the consensus of $1.77 billion. Dollar Tree, Inc. sees FY2012 EPS of $2.45-2.52, versus the consensus of $2.48. Dollar Tree, Inc. sees FY2012 revenue of $7.36-7.45 billion, versus the consensus of $7.47 billion.
GNC Holdings Inc. (NYSE: GNC) 4% LOWER; large holder Ontario Teachers Pension Fund sold 8,965,796 shares on 8/14 at $38.42. There stake is now 6,574,439 shares. Downgraded at Deutsche Bank.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) 4% LOWER; announced the pricing of an underwritten registered public offering of 10,000,000 shares of common stock at a public offering price of $6.73 per share.
Applied Materials, Inc. (NASDAQ: AMAT) 4% LOWER; reported Q3 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.32 billion. Sees Q4 $0.00 - $0.06, versus $0.12 consensus. Sees Q4 sales down 25 - 40 percent sequentially.
Wal-Mart Stores (NYSE: WMT) 3% LOWER; reported Q2 EPS of $1.18, $0.01 better than the analyst estimate of $1.17. Revenue for the quarter came in at $114.3 billion versus the consensus estimate of $115.56 billion. Sees Q3 EPS of $1.04-$1.09, versus the consensus of $1.05. Wal-Mart Stores sees FY13 EPS of $4.83-4.93, versus prior guidance of $4.72-4.92 and the consensus of $4.93.
Facebook (Nasdaq: FB) 3% LOWER; lock-up expires.
E-Commerce China Dangdang (NYSE: DANG) 3% LOWER; reported Q2 EPS of ($0.24), $0.01 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $190.1 million versus the consensus estimate of $186.37 million. Dangdang expects its total net revenues in the third quarter of 2012 to be around RMB1,272 million.
EMC Corporation (NYSE: EMC) 2% HIGHER ; Solid results and outlook from NetApp.
Sears Holding Corp. (NASDAQ: SHLD) 2% HIGHER ; reported Q2 EPS of ($0.86), in-line with the analyst estimate of ($0.86). Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.63 billion. Sears Domestic's comparable store sales declined 2.9% in the second quarter of 2012, Kmart's comparable store sales declined 4.7%, and Sears Canada's comparable store sales declined 7.1%
MIPS Technologies, Inc. (NASDAQ: MIPS) 2% HIGHER ; reported Q4 EPS of $0.35, $0.18 better than the analyst estimate of $0.17. Revenue for the quarter came in at $38.4 million versus the consensus estimate of $26.2 million
Best Buy Co. Inc. (NYSE: BBY) 2% HIGHER ; Schulze affirms commitment to deal
Juniper Networks (NASDAQ: JNPR) 2% HIGHER ; Up on solid results from Cisco.
F5 Networks, Inc. (NASDAQ: FFIV) 2% HIGHER ; Up on solid results from Cisco.
Riverbed Technology, Inc. (NASDAQ: RVBD) 2% HIGHER ; Up on solid results from Cisco.
Aruba Networks, Inc. (NASDAQ: ARUN) 2% HIGHER ; Up on solid results from Cisco.
Acme Packet, Inc. (NASDAQ: APKT) 1% HIGHER ; Up on solid results from Cisco.
Abercrombie & Fitch (NYSE: ANF) 1% HIGHER ; Wedbush upgraded from Neutral to Outperform with a price target of $45.00 (from $30.00).
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