StreetInsider.com Unusual 11 Mid-Day Movers 05/04/2007
21st Century Holding Co. (Nasdaq: TCHC) 42% LOWER; Reported Q1 EPS of $0.11, but said, "However, after considering significant factors that are expected to impact our earnings for calendar year 2007, annual Company guidance is hereby amended from $4.50 per share to $2.00 to $2.50 per share."
ISTA Pharmaceuticals ( Nasdaq: ISTA) 31.1% LOWER; Company has received a not approvable letter from the U.S. Food and Drug Administration (FDA) relating to its New Drug Application ( NDA) for T-Pred(TM) (prednisolone acetate 1.0% and tobramycin 0.3% ophthalmic suspension). T-Pred is being developed as a topical steroid to treat inflammatory ocular conditions for which a corticosteroid is indicated and where bacterial ocular infections or a risk of bacterial infections exists.
Reuters Group PLC (Nasdaq: RTRSY) 25.6% HIGHER; Confirms it has received a preliminary approach from a third party which may or may not lead to an offer being made for Reuters. Dow Jones reports Thomson (NYSE: TOC) has approached Reuters with a proposal which may lead to an offer.
Blackbaud (Nasdaq: BLKB) 20.6% LOWER; Reports Q1 non-GAAP EPS of $0.16, in-line with estimates.(0.16) Revenues were $55.3 million vs. $53.59 million consensus. Citigroup upgrades
Crocs (Nasdaq: CROX) 19% HIGHER; Reports Q1 EPS of $0.61, 12 cents better than estimates.(0.49) Revenues were $142 million vs. $113.91 million consensus. Sees Q2 EPS between $0.80-0.85 vs. consensus of $0.63. Sees FY EPS between $2.90-2.95 vs. consensus of $2.42. Company declares 2-for-1 stock split.
Yahoo! (Nasdaq: YHOO) 18.75% HIGHER; According to reports from the New York Post, Microsoft (Nasdaq: MSFT) has intensified its pursuit of a deal with Yahoo! (Nasdaq: YHOO) and is looking to re-enter formal negotiations to buy the company. The paper said this is the latest attempt by Microsoft to buy Yahoo!, suggesting the software giant's past overtures were spurned by Yahoo!. Sources see Yahoo! worth $50 billion in a deal.
Internap Network Services (NASDAQ: INAP) 17% HIGHER; Reports Q1 non-GAAP EPS of $0.06, 5 cents better than estimates. Revenues were $53.5 million vs. $52.58 million consensus. Internap also reaffirmed its 2007 guidance, seeing full year 2007 revenue guidance of 30% over 2006.
WMS Industries (NYSE: WMS) 15.7% HIGHER; Reports Q3 EPS of $0.34, in-line with estimates.(0.34) Revenues were $136.6 million vs. $139.43 million consensus. Also, this morning, Prudential upgraded WMS from Neutral to Overweight.
Tomkins plc (NYSE: TKS) 14.2% HIGHER; U.K. Auto Parts company moving higher with no specific news reports, however, Auto Parts sector/industry is up 1.4% today.
Westwood One (NYSE: WON) 13.5% HIGHER; The NY Post reports the company hired UBS (NYSE: UBS) as an advisor to help identify potential buyers as the company prepares to put itself up for sale.
American Reprographics (NYSE: ARP) reports Q1 EPS of $0.37, 1 cents worse than estimates.(0.38) Revenues were $160.2 million vs. $165.18 million consensus. American Reprographics Company is reaffirming its forecast for 2007. Revenue will be in the range of $690-$710 million. Earnings per share will be in the range of $1.58-$1.62. (Consensus is $693.67 million and FY EPS consensus is $1.61).
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