Unusual 11 Mid-Day Movers 05/07: SXE, NCT, CQP, ZLC, GKK, BGP Higher; TRMA, GXDX, DRWI, HANS, LEAP Lower
Trico Marine Services (Nasdaq: TRMA) 33.2% LOWER; reports Q1 loss of $3.80, versus the analyst estimate of ($1.21). Revenue for the quarter was $95.71 million, which compares to the estimate of $146.45 million.
Stanley (NYSE: SXE) 26.86% HIGHER; CGI Group Inc. (NYSE: GIB) entered into a definitive merger agreement for CGI to acquire Stanley for $37.50 per share, representing an enterprise value of approximately $1.07 billion.
Genoptix (Nasdaq: GXDX) 20% LOWER; reports Q1 EPS of $0.29, ex-items, versus the analyst estimate of $0.42. Revenue for the quarter was $47.4 million, which compares to the estimate of $53.17 million. Sees FY10 sales of $235-$240 million, versus the consensus of $237.71 million. Sees FY10 EPS of $1.80-$1.85, versus the Street estimate of $1.91. The stock was also downgraded to Neutral at Global Hunter.
Newcastle Investment Corp. (NYSE: NCT) 18.7% HIGHER; reports Q1 EPS of $3.36, versus the analyst estimate of $0.05.
DragonWave Inc. (Nasdaq: DRWI) 18.32% LOWER; reports Q110 EPS of $0.35, compared to the consensus of $0.36. Revs ccame in at $63.8 million, compared to the estimate of $62.46 .
Cheniere Energy Partners LP. (AMEX: CQP) 16.68% HIGHER; reported a first quarter EPS of $0.36, compared to $0.08 reported for Q109. Revs come in at $130.78 million, significantly higher than $62.55 million reported for the same period last year.
Hansen Natural (Nasdaq: HANS) 16.5% LOWER; reports Q1 EPS of $0.35, versus the analyst estimate of $0.46. Revenue for the quarter was $238.1 million, which compares to the estimate of $257.24 million. CLSA downgrades the stock to Sell.
Zale Corporation (NYSE: ZLC) 15.89% HIGHER; No new news today, but traders may be buying the dip as the stock has dropped about 26% since the end of April.
Leap Wireless (Nasdaq: LEAP) 15.1% LOWER; reports Q1 loss of $0.88, versus the analyst estimate of ($0.66). Revenue for the quarter was $654 million, which compares to the estimate of $655.09 million. The stock was also downgraded at Citi.
Gramercy Capital Corp. (NYSE: GKK) 12.44% HIGHER; Shares of the property management company are trading higher after releasing their first quarter earnings yesterday, posting an EPS of $0.05 compared to the consensus of $0.02.
Borders Group, Inc. (NYSE: BGP) 8.70% HIGHER; Borders announced that they will be bringing the Kobo eReader to the U.S. in June, and it will retail for $149.99.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
Stanley (NYSE: SXE) 26.86% HIGHER; CGI Group Inc. (NYSE: GIB) entered into a definitive merger agreement for CGI to acquire Stanley for $37.50 per share, representing an enterprise value of approximately $1.07 billion.
Genoptix (Nasdaq: GXDX) 20% LOWER; reports Q1 EPS of $0.29, ex-items, versus the analyst estimate of $0.42. Revenue for the quarter was $47.4 million, which compares to the estimate of $53.17 million. Sees FY10 sales of $235-$240 million, versus the consensus of $237.71 million. Sees FY10 EPS of $1.80-$1.85, versus the Street estimate of $1.91. The stock was also downgraded to Neutral at Global Hunter.
Newcastle Investment Corp. (NYSE: NCT) 18.7% HIGHER; reports Q1 EPS of $3.36, versus the analyst estimate of $0.05.
DragonWave Inc. (Nasdaq: DRWI) 18.32% LOWER; reports Q110 EPS of $0.35, compared to the consensus of $0.36. Revs ccame in at $63.8 million, compared to the estimate of $62.46 .
Cheniere Energy Partners LP. (AMEX: CQP) 16.68% HIGHER; reported a first quarter EPS of $0.36, compared to $0.08 reported for Q109. Revs come in at $130.78 million, significantly higher than $62.55 million reported for the same period last year.
Hansen Natural (Nasdaq: HANS) 16.5% LOWER; reports Q1 EPS of $0.35, versus the analyst estimate of $0.46. Revenue for the quarter was $238.1 million, which compares to the estimate of $257.24 million. CLSA downgrades the stock to Sell.
Zale Corporation (NYSE: ZLC) 15.89% HIGHER; No new news today, but traders may be buying the dip as the stock has dropped about 26% since the end of April.
Leap Wireless (Nasdaq: LEAP) 15.1% LOWER; reports Q1 loss of $0.88, versus the analyst estimate of ($0.66). Revenue for the quarter was $654 million, which compares to the estimate of $655.09 million. The stock was also downgraded at Citi.
Gramercy Capital Corp. (NYSE: GKK) 12.44% HIGHER; Shares of the property management company are trading higher after releasing their first quarter earnings yesterday, posting an EPS of $0.05 compared to the consensus of $0.02.
Borders Group, Inc. (NYSE: BGP) 8.70% HIGHER; Borders announced that they will be bringing the Kobo eReader to the U.S. in June, and it will retail for $149.99.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
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