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Unusual 11 Mid-Day Movers 03/06: (BLDP) (OSIR) (END) Higher; (ACUR) (AVAV) (AEO) Lower

March 6, 2013 1:51 PM EST Send to a Friend
Ballard Power Systems, Inc. (Nasdaq: BLDP) 71.3% HIGHER; announced signing of an agreement with Volkswagen Group (OTCBB: VLKAY) for a major Engineering Services contract to advance development of fuel cells for use in powering demonstration cars in Volkswagen's fuel cell automotive research program. The contract term is for 4-years, with an option for a 2-year extension. The expected contract value is in the range of C$60-100 million.

Osiris Therapeutics (Nasdaq: OSIR) 30.0% HIGHER; reported Q4 EPS of ($0.08), $0.07 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $3.1 million versus the consensus estimate of $2.91 million.

Endeavour International Corp. (NYSE: END) 28.1% HIGHER; reported Q4 EPS of ($0.15), $0.13 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $97.6 million versus the consensus estimate of $84.28 million.

Homeowners Choice, Inc. (NYSE: HCI) 18.6% HIGHER; reported Q4 EPS of $1.19, $0.48 better than the analyst estimate of $0.71.

CytRx Corp. (Nasdaq: CYTR) 18.2% HIGHER; moving strong above the key $2.50 price level on volume today. Shares are currently on a five-session winning streak, potentially extending that out to six with a close higher Wednesday.

American Apparel, Inc. (AMEX: APP) 15.0% HIGHER; announced a seionr debt private offering, indicating that sentiment behind the company is improving.

Acura Pharma (Nasdaq: ACUR) 13.5% LOWER; entered into separate agreements dated of even date with each of Robert B. Jones, our President and Chief Executive Officer and Peter A. Clemens, the Company's Senior Vice President and Chief Financial Officer pursuant to which each of them is eligible to receive a bonus if we consummate a Strategic Transaction. For more color, click here.

AeroVironment, Inc. (Nasdaq: AVAV) 12.1% LOWER; reported Q3 EPS of $0.17, $0.20 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $47.1 million versus the consensus estimate of $89.02 million. As of January 26, 2013, funded backlog (unfilled firm orders for which funding is currently appropriated to us under a customer contract) was $70.5 million compared to $93.2 million as of April 30, 2012. Sees FY2013 EPS of $0.30-$0.50, versus the consensus of $1.45. AeroVironment, Inc. sees FY2013 revenue of $230-250 million, versus the consensus of $353.15 million.

American Eagle Outfitters, Inc. (NYSE: AEO) 11.1% LOWER; reported Q4 EPS of $0.55, $0.01 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.12 billion. Consolidated comparable sales for the 14 weeks increased 4% over the comparable 14 week period last year. Sees Q1 2013 EPS of $0.16-0.19, versus the consensus of $0.25. EPS guidance is based on comparable store sales in the negative mid-single digit range. The board of directors authorized 20 million shares under a new share repurchase program and raised the quarterly cash dividend to $0.125 per share, a 14% increase.

The Fresh Market, Inc. (Nasdaq: TFM) 10.6% LOWER; reported Q4 EPS of $0.43, $0.02 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $369.9 million versus the consensus estimate of $380.12 million. Comparable store sales increased 1.9%. Sees FY2013 EPS of $1.51-$1.58, versus the consensus of $1.68.

Maidenform Brands, Inc. (NYSE: MFB) 9.8% LOWER; reported Q4 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $135.1 million versus the consensus estimate of $133.43 million. Sees Q1 2013 EPS of ($0.10)- ($0.05), versus the consensus of $0.45. The Company's first quarter outlook includes a sales decline of approximately $20 million compared to 2012, as a result of non-recurring warehouse club and private label business. Sees FY2013 EPS of $1.20-$1.30, versus the consensus of $1.62. Also sees FY2013 revenue of $575-$595 million, versus the consensus of $619.50 million.

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