Streetinsider.com Pre-Open Movers 07/10: (INO) (NUS) (PERI) Higher; (NBR) (KYN) (OPEN) Lower (more...)

July 10, 2013 9:32 AM EDT Send to a Friend
Inovio Pharmaceuticals, Inc. (NYSE: INO) 18.6% HIGHER; announced peer-reviewed publication of results from two phase I trials (HVTN 070 and HVTN 080) of its PENNVAX-B preventive HIV DNA vaccine delivered with a DNA adjuvant and with or without Inovio's proprietary CELLECTRA electroporation delivery device. The studies were conducted by the HIV Vaccine Trials Network (HVTN). Inovio's HIV DNA vaccine together with the CELLECTRA device significantly increased the number of responders producing robust and durable CD4 and CD8 T-cell responses in humans. The observation of robust T-cell responses against distinct targeted diseases generated by different Inovio SynCon® DNA vaccines delivered using CELLECTRA electroporation technology have now been published in two respected peer-reviewed journals. These results are compelling because T-cells are considered critical to fighting cancers and chronic infectious diseases.

Nu Skin Enterprises, Inc. (NYSE: NUS) 9% HIGHER; announced a significant increase to estimated revenue and earnings per share for the second quarter of 2013. Revenue is now estimated to be about $680 million, with estimated earnings per share of approximately $1.20. Foreign currency fluctuations negatively impacted second-quarter revenue by approximately 3 percent. Prior revenue guidance was $570 to $580 million, with earnings per share guidance of $0.91 to $0.95. Additionally, the company announced that it is increasing its full-year 2013 revenue guidance by $320 million to $2.83 to $2.86 billion, including a negative 5 percent impact from foreign currency fluctuations. The company now expects 2013 earnings to be $4.85 to $5.00 per share. *** The Street sees Q2 EPS of $0.96 and revs of $579.1 million. FY13 EPS is expected to be $4.29 with revs of $2.54 billion.

Ascent Solar Technologies, Inc. (Nasdaq: ASTI) 10.5% HIGHER; announced the signing of a framework agreement for the establishment of a joint venture with the Government of the Municipal City of Suqian in Jiangsu Province, China (Suqian). The agreement covers a multi-faceted, three-phase project over the next six years.

FLY Leasing Limited (NYSE: FLY) 7% LOWER; intends to offer and sell up to $160 million of FLY's common shares in the form of American Depositary Shares ("ADSs") in an underwritten public offering

Nabors Industries Ltd. (NYSE: NBR) 6.3% LOWER; warns for Q2. The company expects second quarter operating results to fall below consensus estimates. Operating Income is projected to be in the range of $88 to $91 million. The shortfall is most pronounced in two business lines: Rig Services and Completion and Production Services. Within Rig Services, lower sales of capital equipment and reduced service and rental activity impacted financial performance. Adverse weather and intense competition negatively affected results in Completion and Production Services, particularly for pressure pumping in the U.S. and Canada.

Perion Network Ltd (NASDAQ: PERI) 6.1% HIGHER; Reports from TheMarker that Conduit is in talks to buy for $200 million.

Kayne Anderson MLP (NYSE: KYN) 5% LOWER; announced that it has commenced a public offering of 5,750,000 shares of its common stock. The Company also intends to grant the underwriters a 45-day option to purchase up to 862,500 additional shares to cover over-allotments, if any. Net proceeds from the offering will be used to make additional portfolio investments that are consistent with the Company’s investment objective and policies and for general corporate purposes.

Walter Energy (NYSE: WLT) 4.5% HIGHER; Raymond James upgraded from Underperform to Market Perform

Family Dollar Stores, Inc. (NYSE: FDO) 2.9% HIGHER; reported Q3 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $2.57 billion versus the consensus estimate of $2.57 billion. Comparable store sales in the quarter increased 2.9 percent. Sees FY2013 EPS of $3.77 - $3.82, from prior expectations of $3.73 - $3.93 and the consensus of $3.77. The company also sees Q4 2013 EPS of $0.82 - $0.87, versus the consensus of $0.85.

OpenTable (NASDAQ: OPEN) 2.6% LOWER; Citi initiates coverage with a Sell rating and $58 price target

Hewlett-Packard (NYSE: HPQ) 2.5% HIGHER; Citi upgraded Hewlett-Packard from Sell to Buy with a price target of $32.00 (from $16.00).

Helen Of Troy Ltd (NASDAQ: HELE) 2.5% HIGHER; reported Q1 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $304.5 million versus the consensus estimate of $301.5 million. Helen Of Troy Ltd reaffirmed FY2014 guidance.

Herbalife Ltd. (NYSE: HLF) 2.3% HIGHER; Up on Nu Skin's raised guidance.

MSC Industrial Direct Co. (NYSE: MSM) 2% LOWER; reported Q3 EPS of $1.05, $0.07 better than the analyst estimate of $0.98. Revenue for the quarter came in at $636.9 million versus the consensus estimate of $637.07 million. MSC Industrial Direct Co. sees Q4 2013 EPS of $0.87-$0.91, versus the consensus of $1.01.

Restoration Hardware Holdings, Inc. (NYSE: RH) 1.3% LOWER; announced the launch of a follow-on offering of 12,000,000 shares of its common stock. All of the shares to be sold in the offering will be sold by existing stockholders of the Company. No shares are being sold by the Company in this offering and the Company will not receive any proceeds from the sale of common stock. In addition, the selling shareholders will grant the underwriters of the offering an option to purchase up to an additional 1,800,000 shares from the selling shareholders.

Zynga, Inc. (NASDAQ: ZNGA) 1.2% HIGHER; unveiling its real-money gambling apps today at an event in Barcelona, Spain,

Cliffs Natural Resources Inc. (NYSE: CLF) 0.8% HIGHER; announced that Joseph Carrabba has informed the Board of Directors of his plans to retire as the Company's president and chief executive officer by Dec. 31, 2013. James Kirsch, who currently serves on Cliffs' Board as lead director, has been elected non-executive chairman of the Board, effectively immediately, replacing Mr. Carrabba as chairman.

Franklin Covey Co. (NYSE: FC) 0.7% HIGHER; reported Q3 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $44.9 million versus the consensus estimate of $43.28 million.


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