Pre-Open Movers 8/17 (ANN) (FL) (IDIX) Higher; (IO) (MCP) (MRVL) Lower (more...)
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Pre-Open Movers:
ION Geophysical Corporation (NYSE: IO) 17% LOWER; today announced the jury returned a verdict against ION in a patent infringement lawsuit filed against ION by WesternGeco L.L.C. in the United States District Court for the Southern District of Texas.
Ann, Inc. (NYSE: ANN) 11% HIGHER ; reported Q2 EPS of $0.63, $0.12 better than the analyst estimate of $0.51. Revenue for the quarter came in at $594.9 million versus the consensus estimate of $586.27 million. Total Company comparable sales for the quarter increased 4.7% versus the second quarter of 2011. Ann, Inc. sees Q3 2012 revenue of $600 million, versus the consensus of $605.7 million. Ann, Inc. sees FY2012 revenue of $2.385 billion, versus the consensus of $2.37 billion.
Molycorp (NYSE: MCP) 11% LOWER; Dahlman Rose downgraded from Buy to Hold, saying the size of the offering raises questions whether the Mountain Pass project will be completed in our previously forecast timeframe.
Cosi, Inc. (NASDAQ: COSI) 9% LOWER; reported Q2 EPS of $0.00, $0.02 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $26.3 million versus the consensus estimate of $27.97 million
Marvell Technology Group (NASDAQ: MRVL) 9% LOWER; reported Q2 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $816 million versus the consensus estimate of $854.15 million. On the call today, Marvell guided to third-quarter 2013 revs of $800 million to $850 million and adjusted EPS of 24 cents +/- 2 cents, versus consensus views calling for revs of $912.9 million and EPS of 32 cents.
Vivus (NASDAQ: VVUS) 9% LOWER; Jefferies downgraded from Hold to Underperform with a price target of $16.00 (from $31.00), citing generic competition.
21Vianet Group (NASDAQ: VNET) 7% LOWER; reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $57.4 million versus the consensus estimate of $57.74 million.
Aeropostale, Inc. (NYSE: ARO) 6% LOWER; reported Q2 EPS of $0.00, $0.03 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $485.3 million versus the consensus estimate of $489.57 million. Aeropostale, Inc. sees Q3 2012 EPS of $0.25-0.30, versus the consensus of $0.38.
Foot Locker, Inc. (NYSE: FL) 5% HIGHER ; reported Q2 EPS of $0.39, $0.06 better than the analyst estimate of $0.33. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.35 billion.
Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) 5% HIGHER ; Brean Murray Carret & Co. upgraded from Sell to Hold.
America's Car Mart, Inc. (NASDAQ: CRMT) 5% LOWER; reported Q1 EPS of $0.83, $0.04 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $110 million versus the consensus estimate of $111.47 million.
ScanSource, Inc. (NASDAQ: SCSC) 5% LOWER; reported Q4 EPS of $0.71, $0.09 better than the analyst estimate of $0.62. Revenue for the quarter came in at $754.5 million versus the consensus estimate of $779.55 million. ScanSource, Inc. sees Q1 2012 revenue of $740-760 million, versus the consensus of $809.6 million. Sees Q1 EPS between $0.58-0.60 vs. $0.71 consensus.
Oplink Communications, Inc. (NASDAQ: OPLK) 5% HIGHER ; reported Q4 EPS of $0.19, $0.06 better than the analyst estimate of $0.13. Revenue for the quarter came in at $44.2 million versus the consensus estimate of $44.8 million. Oplink Communications, Inc. sees Q1 2012 EPS of $0.16-0.22, versus the consensus of $0.16. Oplink Communications, Inc. sees Q1 2012 revenue of $43-46 million, versus the consensus of $46.8 million.
PennyMac Mortgage Investment Trust (NYSE: PMT) 4% LOWER; is offering 12,000,000 common shares of beneficial interest in an underwritten public offering. The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1,800,000 shares from the Company. All of the shares will be offered by the Company and will be issued under the Company’s currently effective shelf registration statement filed with the Securities and Exchange Commission
Vringo (AMEX: VRNG) 4% HIGHER ; a U.S. district judge mostly upheld his Markman ruling in the Company's patent case with a group of major media/Internet companies.
J.M. Smucker Co. (NYSE: SJM) 4% HIGHER ; reported Q1 EPS of $1.17, $0.18 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.3 billion. J.M. Smucker Co. sees FY2013 EPS of $5.00-5.10, versus the consensus of $5.10.
Ares Capital Corporation (Nasdaq: ARCC) 3% LOWER; announced that it plans to make a public offering of 19,000,000 shares of its common stock.
GT Advanced Technologies Inc. (Nasdaq: GTAT) 3% HIGHER ; Canaccord Genuity upgraded from Hold to Buy with a price target of $9.00 (from $5.00).
Gap, Inc. (NYSE: GPS) 3% HIGHER ; reported Q2 EPS of $0.49, $0.01 better than the analyst estimate of $0.48. Revenue for the quarter came in at $3.58 billion versus the consensus estimate of $3.54 billion. Gap, Inc. sees FY2012 EPS of $1.95-2.00, versus the consensus of $2.08.
Brocade Communications (NASDAQ: BRCD) 3% HIGHER ; reported Q3 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $555.3 million versus the consensus estimate of $536.93 million.
Groupon, Inc. (NASDAQ: GRPN) 3% LOWER; Evercore Partners downgraded from Equal Weight to Underweight with a price target of $3.00 (from $6.50).
Plains All American Pipeline, L.P. (NYSE: PAA) 1% HIGHER ; has approved a two-for-one split of the Partnership’s common units.
Apple Inc. (NASDAQ: AAPL) 0.5% HIGHER ; Jefferies raised its price target from $800 to $900 after checks show the iPad mini has gone into production.
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ION Geophysical Corporation (NYSE: IO) 17% LOWER; today announced the jury returned a verdict against ION in a patent infringement lawsuit filed against ION by WesternGeco L.L.C. in the United States District Court for the Southern District of Texas.
Ann, Inc. (NYSE: ANN) 11% HIGHER ; reported Q2 EPS of $0.63, $0.12 better than the analyst estimate of $0.51. Revenue for the quarter came in at $594.9 million versus the consensus estimate of $586.27 million. Total Company comparable sales for the quarter increased 4.7% versus the second quarter of 2011. Ann, Inc. sees Q3 2012 revenue of $600 million, versus the consensus of $605.7 million. Ann, Inc. sees FY2012 revenue of $2.385 billion, versus the consensus of $2.37 billion.
Molycorp (NYSE: MCP) 11% LOWER; Dahlman Rose downgraded from Buy to Hold, saying the size of the offering raises questions whether the Mountain Pass project will be completed in our previously forecast timeframe.
Cosi, Inc. (NASDAQ: COSI) 9% LOWER; reported Q2 EPS of $0.00, $0.02 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $26.3 million versus the consensus estimate of $27.97 million
Marvell Technology Group (NASDAQ: MRVL) 9% LOWER; reported Q2 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $816 million versus the consensus estimate of $854.15 million. On the call today, Marvell guided to third-quarter 2013 revs of $800 million to $850 million and adjusted EPS of 24 cents +/- 2 cents, versus consensus views calling for revs of $912.9 million and EPS of 32 cents.
Vivus (NASDAQ: VVUS) 9% LOWER; Jefferies downgraded from Hold to Underperform with a price target of $16.00 (from $31.00), citing generic competition.
21Vianet Group (NASDAQ: VNET) 7% LOWER; reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $57.4 million versus the consensus estimate of $57.74 million.
Aeropostale, Inc. (NYSE: ARO) 6% LOWER; reported Q2 EPS of $0.00, $0.03 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $485.3 million versus the consensus estimate of $489.57 million. Aeropostale, Inc. sees Q3 2012 EPS of $0.25-0.30, versus the consensus of $0.38.
Foot Locker, Inc. (NYSE: FL) 5% HIGHER ; reported Q2 EPS of $0.39, $0.06 better than the analyst estimate of $0.33. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.35 billion.
Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) 5% HIGHER ; Brean Murray Carret & Co. upgraded from Sell to Hold.
America's Car Mart, Inc. (NASDAQ: CRMT) 5% LOWER; reported Q1 EPS of $0.83, $0.04 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $110 million versus the consensus estimate of $111.47 million.
ScanSource, Inc. (NASDAQ: SCSC) 5% LOWER; reported Q4 EPS of $0.71, $0.09 better than the analyst estimate of $0.62. Revenue for the quarter came in at $754.5 million versus the consensus estimate of $779.55 million. ScanSource, Inc. sees Q1 2012 revenue of $740-760 million, versus the consensus of $809.6 million. Sees Q1 EPS between $0.58-0.60 vs. $0.71 consensus.
Oplink Communications, Inc. (NASDAQ: OPLK) 5% HIGHER ; reported Q4 EPS of $0.19, $0.06 better than the analyst estimate of $0.13. Revenue for the quarter came in at $44.2 million versus the consensus estimate of $44.8 million. Oplink Communications, Inc. sees Q1 2012 EPS of $0.16-0.22, versus the consensus of $0.16. Oplink Communications, Inc. sees Q1 2012 revenue of $43-46 million, versus the consensus of $46.8 million.
PennyMac Mortgage Investment Trust (NYSE: PMT) 4% LOWER; is offering 12,000,000 common shares of beneficial interest in an underwritten public offering. The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1,800,000 shares from the Company. All of the shares will be offered by the Company and will be issued under the Company’s currently effective shelf registration statement filed with the Securities and Exchange Commission
Vringo (AMEX: VRNG) 4% HIGHER ; a U.S. district judge mostly upheld his Markman ruling in the Company's patent case with a group of major media/Internet companies.
J.M. Smucker Co. (NYSE: SJM) 4% HIGHER ; reported Q1 EPS of $1.17, $0.18 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.3 billion. J.M. Smucker Co. sees FY2013 EPS of $5.00-5.10, versus the consensus of $5.10.
Ares Capital Corporation (Nasdaq: ARCC) 3% LOWER; announced that it plans to make a public offering of 19,000,000 shares of its common stock.
GT Advanced Technologies Inc. (Nasdaq: GTAT) 3% HIGHER ; Canaccord Genuity upgraded from Hold to Buy with a price target of $9.00 (from $5.00).
Gap, Inc. (NYSE: GPS) 3% HIGHER ; reported Q2 EPS of $0.49, $0.01 better than the analyst estimate of $0.48. Revenue for the quarter came in at $3.58 billion versus the consensus estimate of $3.54 billion. Gap, Inc. sees FY2012 EPS of $1.95-2.00, versus the consensus of $2.08.
Brocade Communications (NASDAQ: BRCD) 3% HIGHER ; reported Q3 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $555.3 million versus the consensus estimate of $536.93 million.
Groupon, Inc. (NASDAQ: GRPN) 3% LOWER; Evercore Partners downgraded from Equal Weight to Underweight with a price target of $3.00 (from $6.50).
Plains All American Pipeline, L.P. (NYSE: PAA) 1% HIGHER ; has approved a two-for-one split of the Partnership’s common units.
Apple Inc. (NASDAQ: AAPL) 0.5% HIGHER ; Jefferies raised its price target from $800 to $900 after checks show the iPad mini has gone into production.
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