Pre-Open Stock Movers 8/18: (MOBI) (LCI) (DG) (FDO) Higher; (FN) (NXPI) (DLTR) Lower (more...)
- McDonald's (MCD) Food Quality Improvements Seen as Important Part of Turnaround
- ADP Employment Change 212K vs 219K Expected
- Abercrombie & Fitch (ANF) Misses Q4 EPS by 2c; Comps Fell 10%; Provides FY15 Outlook
- Pre-Open Stock Movers 3/04: (NVGN) (W) (AEO) Higher; (NSPR) (CYCC) (BOBE) Lower (more...)
- Bob Evans Farms (BOBE) Misses Q3 EPS by 10c; Cuts FY15 EPS Outlook
Fabrinet (NYSE: FN) 19.6% LOWER; announced that during the fourth quarter of the fiscal year ended June 27, 2014, certain accounting issues were discovered by management, which prompted the Audit Committee to commence an internal investigation. The Audit Committee is investigating whether there were any violations of the Company’s accounting policies associated with these potential accounting matters. The Company has also notified the SEC of the Audit Committee’s investigation.
Sky-mobi Limited (NASDAQ: MOBI) 18% HIGHER; reported Q2 EPS of RMB0.26, versus a breakeven loss reported in the same period last year. Revenue for the quarter came in at RMB170.22 million, versus RMB125.22 million reported last year.
Lannett (NYSE: LCI) 11.5% HIGHER; announced that it expects to report fiscal 2014 fourth quarter net sales of approximately $81 million and diluted earnings per share attributable to Lannett Company in the range of $0.60 and $0.64. For the prior year fourth quarter, net sales were $40.2 million and diluted earnings per share attributable to Lannett Company were $0.12. *** The Street is looking for Q4 revs of $71.2 million and EPS of $0.41.
Dollar General (NYSE: DG) 10% HIGHER; announced it has made a proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion. The proposal was conveyed this morning in a letter to Family Dollars Board of Directors. This transaction would deliver increased consideration and immediate liquidity to Family Dollars shareholders and represents a compelling opportunity to create value for Dollar General shareholders. The combination would solidify Dollar Generals position as the largest small-box discount retailer in the U.S. with nearly 20,000 stores in 46 states and sales of over $28 billion.
Tekmira Pharma (NASDAQ: TKMR) 9.5% HIGHER; Leerink Swann initiated coverage with an Outperform rating and a price target of $25.00.
China Mobile Games and Ent. (NASDAQ: CMGE) 8% HIGHER; reported Q2 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $43.6 million. For the third quarter of 2014, the Company expects its total revenues to be between RMB 330 million and RMB350 million.
Achillion Pharmaceuticals (NASDAQ: ACHN) 6.2% HIGHER; Deutsche Bank upgraded from Hold to Buy with a price target of $17.00 (from $6.00). Analyst Alethia Young sees 50-%130% upside on positive nuke data.
TASER International Inc. (NASDAQ: TASR) 5% HIGHER; speculation Taser could benefit as more police forces will be required to use body cameras in the wake of Ferguson, Missouri.
Family Dollar Stores Inc. (NYSE: FDO) 5% HIGHER; Dollar General (NYSE: DG) made a proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion.
Kandi Technologies (Nasdaq: KNDI) 4.8% HIGHER; According to Xinhua, citing China's Ministry of Industry and Information Technology, NEV production from January through July was 25,946 units. That's up 200 percent over the same period in 2013.
Ampio Pharma (NYSE: AMPE) 4.5% HIGHER; announced positive 6 weeks results of the open label portion of the multiple injections of Ampion into the knees of patients (n=7) with osteoarthritis (OA).
Bebe Stores, Inc. (NASDAQ: BEBE) 4% HIGHER; Consac called on the company to either sell the company to a third party or take it private in a transaction sponsored by the Mashouf family.
GT Advanced Technologies (NASDAQ: GTAT) 3.6% HIGHER; The Guardian reported Apple has begun mass production of Sapphire screens. The Guardian went on to say both the 4.7- and 5.5-inch iPhone 6 devices unveiled at Apple's September event will use Sapphire (link).
NXP Semiconductors NV (NASDAQ: NXPI) 3.3% LOWER; Goldman Sachs downgraded from Neutral to Sell with a price target of $54.00 (from $58.00). Analyst James Covello said SOTP suggests 20% downside.
JinkoSolar (NYSE: JKS) 3% HIGHER; reported Q2 EPS of $0.92, $0.16 better than the analyst estimate of $0.76. Revenue for the quarter came in at $392.1 million versus the consensus estimate of $391.55 million.
Halcon Resources (NYSE: HK) 2.7% HIGHER; MLV & Co. upgraded from Hold to Buy with a price target of $8.00
InvenSense (NYSE: INVN) 2% LOWER; Goldman Sachs downgraded from Buy to Neutral with a price target of $25.00. The change is tied to valuation.
Dollar Tree, Inc. (NASDAQ: DLTR) 1.5% LOWER; Dollar General topped Dollar Tree's bid for Family Dollar Stores
Apache Corp. (NYSE: APA) 1.3% HIGHER; announced an offshore exploration well in Western Australia has found as much as 300 million barrels of crude.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Starboard Sends Letter to Staples (SPLS); Still Recommends Board Changes
- Tarena International (TEDU) PT Trimmed to $16.20 at Jefferies; 'Buy' Maintained
- Sprint Corp. (S) Sees More C-Level Insider Buying
Create E-mail Alert Related CategoriesSpecial Reports
Related EntitiesDeutsche Bank, Jefferies & Co, Crude Oil, Earnings, Pre-Open Losers, Pre-Open Winners, Definitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!