Unusual 11 Mid-Day Movers 05/02: (SMSC) (CHRS) (WWWW) Higher; (END) (UBNT) (CEVA) Lower
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Standard Microsystems Corporation (Nasdaq: SMSC) 38.4% HIGHER; Microchip Technology Incorporated (NASDAQ: MCHP) and SMSC announced that Microchip has signed a definitive agreement to acquire Standard Microsystems Corporation for $37.00 per share in cash.
Endeavour International (NYSE: END) 24.5% LOWER; reported Q1 loss of $0.41 per share, $0.14 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $15.17 million versus the consensus estimate of $15.44 million.
Charming Shoppes (Nasdaq: CHRS) 23.6% HIGHER; confirmed it will be acquired by Ascena Retail Group for $7.35 per share in cash.
Web.com Group, Inc. (Nasdaq: WWWW) 23.6% HIGHER; reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $119.3 million versus the consensus estimate of $117.16 million. Added 1,600 net new subscribers. The stock was also upgraded at Craig-Hallum earlier.
STR Holdings (Nasdaq: STRI) 23.4% HIGHER; reported Q1 adj-EPS of 7 cents on sales of $31.1 million. The Street was looking for EPS of 4 cents on sales of $38.95 million. The stock was also upgraded to Buy at Craig-Hallum.
Reachlocal, Inc. (Nasdaq: RLOC) 22.7% HIGHER; reported Q1 EPS of $0.07, $0.13 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $104 million versus the consensus estimate of $102.83 million. Sees Q2 2012 revenue of $108.7-$110.7 million, versus the consensus of $108.6 million. Sees FY2012 revenue of $439-$454 million, versus the consensus of $441.4 million.
iBio (AMEX: IBIO) 19.4% HIGHER; trading higher on approval of Protalix's Elelyso. The company offers a similar platform called "iBioLaunch."
Ubiquiti Ntwrks (Nasdaq: UBNT) 17.0% LOWER; reported Q3 EPS of $0.30, $0.03 better than the analyst estimate of $0.27. Revenue for the quarter came in at $91.7 million versus the consensus estimate of $90.49 million. Ubiquiti Ntwrks sees Q4 2012 EPS of $0.28-$0.29, versus the consensus of $0.28. Ubiquiti Ntwrks sees Q4 2012 revenue of $93-$95 million, versus the consensus of $93.9 million.
CEVA, Inc. (Nasdaq: CEVA) 17.0% LOWER; reported Q1 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $15.1 million versus the consensus estimate of $14.86 million.
Savient Pharma (Nasdaq: SVNT) 15.1% LOWER; continuing lower following a mid-day plunge yesterday amid news the company was served with a creditor derivative action. The stock fell more than 21 percent yesterday.
Open Table, Inc. (Nasdaq: OPEN) 14.9% LOWER; reported Q1 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $39.4 million versus the consensus estimate of $39.58 million.
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Endeavour International (NYSE: END) 24.5% LOWER; reported Q1 loss of $0.41 per share, $0.14 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $15.17 million versus the consensus estimate of $15.44 million.
Charming Shoppes (Nasdaq: CHRS) 23.6% HIGHER; confirmed it will be acquired by Ascena Retail Group for $7.35 per share in cash.
Web.com Group, Inc. (Nasdaq: WWWW) 23.6% HIGHER; reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $119.3 million versus the consensus estimate of $117.16 million. Added 1,600 net new subscribers. The stock was also upgraded at Craig-Hallum earlier.
STR Holdings (Nasdaq: STRI) 23.4% HIGHER; reported Q1 adj-EPS of 7 cents on sales of $31.1 million. The Street was looking for EPS of 4 cents on sales of $38.95 million. The stock was also upgraded to Buy at Craig-Hallum.
Reachlocal, Inc. (Nasdaq: RLOC) 22.7% HIGHER; reported Q1 EPS of $0.07, $0.13 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $104 million versus the consensus estimate of $102.83 million. Sees Q2 2012 revenue of $108.7-$110.7 million, versus the consensus of $108.6 million. Sees FY2012 revenue of $439-$454 million, versus the consensus of $441.4 million.
iBio (AMEX: IBIO) 19.4% HIGHER; trading higher on approval of Protalix's Elelyso. The company offers a similar platform called "iBioLaunch."
Ubiquiti Ntwrks (Nasdaq: UBNT) 17.0% LOWER; reported Q3 EPS of $0.30, $0.03 better than the analyst estimate of $0.27. Revenue for the quarter came in at $91.7 million versus the consensus estimate of $90.49 million. Ubiquiti Ntwrks sees Q4 2012 EPS of $0.28-$0.29, versus the consensus of $0.28. Ubiquiti Ntwrks sees Q4 2012 revenue of $93-$95 million, versus the consensus of $93.9 million.
CEVA, Inc. (Nasdaq: CEVA) 17.0% LOWER; reported Q1 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $15.1 million versus the consensus estimate of $14.86 million.
Savient Pharma (Nasdaq: SVNT) 15.1% LOWER; continuing lower following a mid-day plunge yesterday amid news the company was served with a creditor derivative action. The stock fell more than 21 percent yesterday.
Open Table, Inc. (Nasdaq: OPEN) 14.9% LOWER; reported Q1 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $39.4 million versus the consensus estimate of $39.58 million.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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