Pre-Open Movers Movers 4/30: First Solar (FSLR) Up on Strong Results/Guidance, SAVVIS (SVVS) Lower on Weak Results/Guidance

April 30, 2008 9:27 AM EDT

StreetInsider.com Pre-Open Movers Movers:

SAVVIS Inc. (Nasdaq: SVVS) 26% LOWER; Reports Q1 results, guides below Wall Street. Also a handful of downgrades.

Align Technology (Nasdaq: ALGN) 18% HIGHER; reports Q1 EPS of $0.07, 4 cents better than the analyst estimate of $0.03. Revenues for the quarter came in at $74.8 million, versus the consensus of $72.02 million. For the second quarter 2008 (Q2 08), Align Technology expects net revenues to be in a range of $78.5 million to $81.5 million. Earnings per diluted share for Q2 08 is expected to be in a range of $0.04 to $0.06. (Consensus is $81.69 million and $0.10, respectively). For fiscal 2008, the Company remains comfortable with its prior outlook. $50M buyback.

Starent Networks Corporation (Nasdaq: STAR) 17% HIGHER; reports Q1 EPS of $0.18, 13 cents better than the analyst estimate of $0.05. Revenues for the quarter came in at $56.2 million, versus the consensus of $50.68 million.

Buffalo Wild Wings (Nasdaq: BWLD) 16% HIGHER; reports Q1 results. Upgraded

FormFactor (Nasdaq: FORM) 15% LOWER; reports a Q1 loss of $0.37, 15 cents lower than the analyst estimate of ($0.22). Revenues for the quarter came in at $65.7 million, versus the consensus of $65.31 million.

Healthspring (NYSE: HS) 13.4% HIGHER; reports Q1 EPS of $0.37, 13 cents better than the analyst estimate of $0.24. Revenues for the quarter came in at $555.6 million, versus the consensus of $513.05 million. Sees FY08 EPS of $1.85-$2.00, versus the consensus of $1.78.

Advanced Analogic Technologies (Nasdaq: AATI) 11.3% HIGHER; reports Q1 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenues for the quarter were $25.1 million, versus the consensus of $27.02 million. For the second quarter ending June 30, 2008, AnalogicTech estimates revenue in the range of $24.0 million to $26.0 million, and net loss of $(0.01) to net income of $0.01 per diluted share. The second quarter 2008 estimates include pre-tax quarterly share-based compensation expense.

True Religion Apparel Inc. (Nasdaq: TRLG) 10% HIGHER; reports Q1 EPS of $0.40, 1 cent better than the analyst estimate of $0.39. Revenues for the quarter came in at $52.7 million, versus the consensus of $52.32 million.

TRW Automotive (NYSE: TRW) 10% HIGHER; reports Q1 earnings of $0.92 per share, well above the consensus of $0.62. Revenues came in at $4.14 billion, versus the consensus of $3.99 billion. Sees FY08 EPS of $2.30-$2.60 versus the consensus of $2.22. Sees FY08 revenues of $16.2-$16.6 billion, versus the consensus of $15.85 billion.

VistaPrint Ltd. (Nasdaq: VPRT) 9% LOWER; reports Q1 EPS of $0.32, 1 cents better than the analyst estimate of $0.31. Revenues for the quarter came in at $105.8 million, versus the consensus of $104.7 million. Sees Q4 EPS of $0.27-$0.31, versus the consensus of $0.31. Sees FY EPS of $1.12-$1.16, versus the consensus of $1.16.

USEC Inc. (NYSE: USU) 8.6% LOWER; reports Q1 EPS of $0.04, versus the analyst estimate of $0.08. Revenues for the quarter came in at $343.3 million, versus the consensus of $461.55 million.

Hutchinson Technology (Nasdaq: HTCH) 8% LOWER; reports Q2 loss of $0.02, which may not compare to the analyst estimate of $0.09. Revenues for the quarter came in at $143.8 million, versus the consensus of $165.49 million.

FEI Company (Nasdaq: FEIC) 8% LOWER; reports Q1 EPS of $0.20, 2 cents worse than the analyst estimate of $0.22. Revenues for the quarter came in at $151.6 million, versus the consensus of $148.99 million. FEI sees Q2 EPS of $0.12-$0.17, below the consensus of $0.26.

Health Net Inc. (NYSE: HNT) 7% LOWER; reports Q1 EPS of $0.16, ex-items, which may not compare to the analyst estimate of $0.62. Lowers FY08 adj-EPS guidance from $4.14-$4.17 to $3.45-$3.55, versus the consensus of $3.92.

First Solar (Nasdaq: FSLR) 6% HIGHER; On its conference call, First Solar management issued updated guidance for its FY08 revs: First Solar now expects sales to be in the range of $975 million-$1.05 billion, up from its previous guidance of $900-$950 million. The Street is currently expecting First Solar to report FY08 revs of $954.90 million.

CommScope (NYSE: CTV) 7% HIGHER; reports Q1 EPS of $0.59, versus the analyst estimate of $0.43. Revenues for the quarter came in at $1.01 billion, versus the consensus of $964.72 million. Sees Q2 revs of $1.05-$1.09 billion, versus the consensus of $1.08 billion.

Brinks (NYSE: BCO) 6% HIGHER; reports Q1 earnings of $1.02 per share, above the consensus of $0.79. Revenues came in at $920.6 million, versus the consensus of $842.3 million.

FTD Group Inc. (NYSE: FTD) 6% HIGHER; United Online to buy FTD Group for $800 million

Panera Bread (Nasdaq: PNRA) 5.7% HIGHER; reports Q1 EPS of $0.47, 8 cents better than the analyst estimate of $0.39. Revenues for the quarter came in at $305 million, versus the consensus of $302.83 million. Sees Q2 EPS of $0.40-$0.44, versus the consensus of $0.39. Sees FY08 EPS of $2.00-$2.11, versus the consensus of $2.02.

Cray (Nasdaq: CRAY) 5.7% LOWER; reports a Q1 loss of $0.33, 11 cents lower than the analyst estimate of ($0.22). Revenues for the quarter came in at $26.1 million, versus the consensus of $36.69 million.

TECO Energy Inc. (NYSE: TE) 5.6% LOWER; reports Q1 EPS of $0.15, which may not compare to the analyst estimate of $0.21. Revenues for the quarter came in at $791.7 million, versus the consensus of $837.90 million.

Fair Isaac Corporation (NYSE: FIC) 5.5% LOWER; reports Q1 EPS of $0.44, 1 cent better than the analyst estimate of $0.43. Revenues for the quarter were $193.2 million, versus the consensus of $204.66 million.

Alexion Pharmaceuticals, Inc. (Nasdaq: ALXN) 5% HIGHER; reports a Q1 loss of $0.11 or a gain of $0.04, on a non-GAAP basis, versus the analyst estimate of ($0.43). Revenues for the quarter were $45.5 million, versus the consensus of $40.68 million. Raised its FY08 revs guidance from $200-$215 million to $215-$225 million, versus the consensus of $213.66 million.

GM (NYSE: GM) 4.6% HIGHER; reports Q1 loss of $0.62, versus the consensus of a $1.52 loss. Revenues came in at $42.7 billion, versus the consensus of $41.44 billion.

Garmin (Nasdaq: GRMN) 4% LOWER; reports Q1 earnings of $0.69 per share, below the consensus of $0.75. Revenues came in at $663.8 million, versus the consensus of $705.1 million.

Citigroup Inc. (NYSE: C) 3.34% LOWER; Sells $4.5 billion in common stock

Procter & Gamble Co. (NYSE: PG) 3% HIGHER; reports Q3 EPS of $0.82, versus the consensus of $0.81. Revenues came in at $20.5 billion, versus the consensus of $20.44 billion. Sees 2008 EPS of $3.48-$3.50, versus prior view of $3.46-$3.50. The consensus is $3.49.

Lear Corp. (NYSE: LEA) 2.3% LOWER; Citi downgrades to Hold

Reynolds American Inc. (NYSE: RAI) 2% LOWER; reports Q1 EPS of $1.00, ex-items, below the consensus of $1.15. Reynolds American revised its full year guidance and now expects 2008 EPS, ex JV gain, to be consistent with the prior year. Reynolds American also announced a $350M buyback.

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