StreetInsider.com Unusual 11 Mid-Day Movers 04/18/2007
Avanir Pharmaceuticals (NASDAQ: AVNR) 179% HIGHER; Announced positive top-line results from the company's Phase III clinical trial evaluating the investigational drug Zenvia(TM) (dextromethorphan hydrobromide/quinidine sulfate, an NMDA antagonist and sigma-1 agonist, in diabetic neuropathic pain. Statistically Significant Improvement in Pain Rating Scale for Both Zenvia Treatment Arms. Average Pain Relief Was Statistically Superior to Placebo for Both Treatment Arms.
Spatialight Inc. (Nasdaq: HDTV) 46% HIGHER; Stock moving higher with no specific news releases (NOTE - Stock Trades Under $1)
Yahoo! (Nasdaq: YHOO) 11.6% LOWER; Reports Q1 EPS of $0.10 ($0.17 Non-GAAP) vs. consensus of $0.11. Revenues were $1.183 billion vs. $1.21 billion consensus. Sees Q2 revenues between $1.2-1.3 billion vs. $1.28 billion consensus. Sees FY revenues between $4.95-5.45 billion vs. consensus of $5.33 billion
Linear Technology (Nasdaq: LLTC) 11.5% HIGHER; Reports Q3 GAAP EPS of $0.32 (Non-GAAP EPS was $0.37) vs. consensus of $0.32. Revenues were $255 million vs. $253.98 million consensus. The Company also announced its plans to enter into an accelerated stock repurchase transaction, subject to market and other conditions, pursuant to which it will repurchase approximately $3 billion of its shares of common stock.
Introgen Therapeutics (NASDAQ: INGN) 10.5% HIGHER; A cancer-suppressing gene has been successfully delivered into the tumors of stage IV lung cancer patients via Introgen's intravenously administered lipid nanoparticle product candidate INGN 401. In a phase 1 clinical trial conducted at The University of Texas M. D. Anderson Cancer Center, the gene, FUS1, was found to be active in patients' metastatic non-small cell lung cancer tumors.
Netflix, Inc. (NASDAQ: NFLX) 8.9% LOWER; Reports Q1 EPS of $0.14 (Non-GAPP of $0.16) versus the consensus of $0.16. Revenues came in at $305.3 million versus the consensus of $304.93 million. Sees Q2 EPS of $0.18-$0.24, versus the consensus of $0.27. Revenues came in at $303-$309 million versus the consensus of $315.6 million. Sees FY EPS of $0.76-$0.83, versus the consensus of $0.80. Sees FY revenues of $1.21-$1.26 billion versus prior guidance of $1.25-$1.3 billion and the consensus of $1.29 billion. To buyback up to $100 million in stock.
Vonage Holding (NYSE: VG) 7% LOWER; Company says Intellectual property litigation, especially our ongoing patent litigation with Verizon, if determined against us, could: result in the loss of a substantial number of existing customers or prohibit the acquisition of new customers; lead to an event of default under the terms of our convertible notes; materially and adversely affect our liquidity, including our ability to pay debts and other obligations as they become due; and lead to the bankruptcy or liquidation of the company.
Seagate Technology (NYSE: STX) 6.6% LOWER; Reports Q3 EPS OF $0.47, 4 cents below the consensus of $0.51. Revenues were $2.83 billion vs. consensus of $2.8 billion. Sees Q4 EPS of $0.34-$0.38, vs. consensus of $0.52. Sees Q4 revs of $2.65-$2.75 billion vs. consensus of $2.78 billion. Sees FY EPS of $1.37-$1.41, vs. consensus of $1.57. Sees FY revenues of $11.3-$11.4 billion vs. consensus of $11.4 billion.
Washington Mutual (NYSE: WM) 5.8% HIGHER; Reports Q1 EPS of $0.86, 3 cents better than estimates. The Board of Directors increased the cash dividend on the company's common stock for the 47th consecutive quarter to 55 cents per share.
OMI Corporation (NYSE: OMM) 5.4% HIGHER; Teekay Shipping Corporation (NYSE: TK) and A/S Dampskibsselskabet TORM (NASDAQ: TRMD) entered into a definitive agreement to acquire OMI. The agreement was unanimously approved by OMI's Board of Directors. Under the agreement, OMI shareholders will receive $29.25 in cash for each share of OMI common stock they hold.
National Semiconductor Corp. (NYSE: NSM) 5% HIGHER; Stock moving higher along with the rest of the chip sector (Semiconductor +2% today)
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