StreetInsider.com Pre-Open Movers 08/23

August 23, 2007 9:24 AM EDT

StreetInsider.com Pre-Open Movers:

Countrywide Financial (NYSE: CFC) 11% HIGHER; Reports form the Wall Street Journal, the company will get a $2 billion investment from Bank of America.

Limelight Networks, Inc. (Nasdaq: LLNW) 15% HIGHER; entered into a major new technology and services agreement with Microsoft (Nasdaq: MSFT) under which Limelight will help improve the performance, scalability, and reliability of Internet delivery of media content and online services, including video, music, games, software, and social media, across Microsoft\'s global Internet properties.

Stein Mart Inc. (Nasdaq: SMRT) 14% LOWER; Reports Q2 EPS of $0.05, in-line with estimates. Sees Q3 loss of $0.03-$0.06, versus the consensus of a $0.04 profit.

ZymoGenetics, Inc. (Nasdaq: ZGEN) 12% LOWER; received notification from the FDA that the submission of additional manufacturing related information has been determined by the FDA to be a major amendment to the rThrombin Biologics License Application. Accordingly, the goal date for completion of FDA review under the Prescription Drug User Fee Act has been extended by three months, from October 18, 2007 to January 17, 2008.

New York & Co (NYSE: NWY) 10% LOWER; reports Q2 earnings of $0.06 per share, 1 cent better than estimates. Revenues came in at $294.4 million versus the consensus of $293.9 million. Sees Q3 EPS of $0.01-0.06 versus the consensus of $0.13. Sees FY08 EPS of $0.32-$0.45 versus the consensus of $0.58.

E-House (China) Holdings Limited (NYSE: EJ) 8% HIGHER; Total revenues were $24.0 million for the second quarter of 2007, an increase of 147% from $9.7 million for the same quarter in 2006. Diluted earnings per ADS was $0.09 for the second quarter of 2007 and $0.15 for the first half of 2007.

Thornburg Mortgage Inc. (NYSE: TMA) 7% HIGHER; Up on reports Countrywide Financial will get a $2 billion investment from Bank of America

IndyMac Bancorp Inc. (NYSE: IMB) 7% HIGHER; Up on reports Countrywide Financial will get a $2 billion investment from Bank of America

Accredited Home Lenders Holding Co. (Nasdaq: LEND) 6% HIGHER; Up on reports Countrywide Financial will get a $2 billion investment from Bank of America

GameStop Corp. (NYSE: GME) 6% HIGHER; reports Q2 EPS of $0.14, ex-items, 5 cents better than estimates. Revenues came in at $1.338 billion versus the consensus of $1.19 billion. Sees Q3 EPS of $0.19-$0.21, versus the consensus of $0.18. Sees FY EPS of $1.45-$1.48, versus the consensus of $1.46.

Wet Seal (Nasdaq: WTSLA) 5.6% LOWER; reports Q2 earnings of $0.07 per share, 1 cent better than estimates. Revenues came in at $143.3 million, versus the consensus of $144.4 million. Sees Q3 EPS of $0.07-$0.10 versus the consensus of $0.11. Sees Q3 sales of $157-$161 million versus the consensus of $167 million.

Joy Global, Inc. (Nasdaq: JOYG) 5.5% HIGHER; UBS upgrades Joy Global to Buy

Smithfield Foods (NYSE: SFD) 4.7% HIGHER; reports Q1 earnings of $0.47 per share, 5 cents better than estimates. Revenues came in at $3.36 billion versus the consensus of $3.27 billion.

Phillips-Van Heusen Corp. (NYSE: PVH) 3.4% HIGHER; Reports Q2 EPS of $0.68, 6 cents better than estimates. Sees Q3 EPS of $1.02-$1.03, versus the consensus of $1.02. Sees Q3 revs of $705 million, versus the consensus of $652.7 million. Now sees FY07 EPS of $3.15-$3.17, versus the consensus of $3.12. Now sees 207 revenues of $2.44 billion versus the consensus of $2.42 billion.

Washington Mutual (NYSE: WM) 2.4% HIGHER; Up on reports Countrywide Financial will get a $2 billion investment from Bank of America

The Home Depot, Inc (NYSE: HD) 1.5% LOWER; Reports the sale of its Supply Business is in doubt.

Intuit Inc. (Nasdaq: INTU) 1% LOWER; reports Q4 loss of $0.02, ex-items, versus the consensus of a $0.05 loss. Revenues came in at $432.7 million versus the consensus of $415.67 million. Sees Q1 loss of $0.12-$0.14, versus the consensus of a $0.13 loss. Sees Q1 revs of $426-$441 million versus the consensus of $450.1 million. Sees FY EPS of $1.59-$1.61, versus the consensus of $1.60. Sees FY revs of $3-$3.05 billion versus the consensus of $3.04 billion. The company also announced Steve Bennett, current president and chief executive officer, will step down at the end of December 2007.

Shoe Carnival (Nasdaq: SCVL) INDICATED LOWER; reports Q2 earnings of $0.01 per share, 2 cents worse than estimates. Revenues came in at $154.8 million versus the consensus of $155.1 million. Sees Q3 EPS of $0.44-0.48 versus the consensus of $0.65. Sees Q3 sales of $183-$186 million versus the consensus of $195.75 million.

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