Unusual 11 Mid-Day Movers 05/16: (NLST) (CTRN) (OSUR) Higher; (VELT) (AMBO) (JCP) Lower
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Velti plc (Nasdaq: VELT) 26.4% LOWER; reported Q1 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $51.8 million versus the consensus estimate of $46.37 million. Sees Q2 2012 revenue of $55-$59 million, versus the consensus of $54.7 million. Sees FY2012 revenue of $283-$296 million, versus the consensus of $289.5 million.
Netlist, Inc. (Nasdaq: NLST) 23.7% HIGHER; reported Q1 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $14 million versus the consensus estimate of $16.9 million.
Ambow Education (Nasdaq: AMBO) 20.6% LOWER; delayed the filing of its 2011 annual report. Will likely take a $1.6-$3.2 million charge related to an acquisition last year.
J.C. Penney Co., Inc. (NYSE: JCP) 17.4% LOWER; reported Q1 EPS of ($0.25), $0.15 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.48 billion. Comps down 18.5% Stopping quarterly dividend. Reaffirmed FY2012 non-GAAP EPS guidance, but said it does not expect to hit its previously-issued GAAP outlook.
Savient Pharma (Nasdaq: SVNT) 15.9% LOWER; the stock appears to be breaking below the 50-day simple moving average after sticking extremely close to this technical level for the last week or so. Volume is light today.
Abercrombie & Fitch Co. (NYSE: ANF) 14.9% LOWER; reported Q1 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $921.2 million versus the consensus estimate of $951.33 million. Same store-sales were down 5 percent. Reaffirmed its FY12 EPS guidance and said it sees same-sales guidance being down by a mid-single digit percentage.
Citi Trends, Inc. (Nasdaq: CTRN) 14.7% HIGHER; reported Q1 EPS of $0.69, $0.21 better than the analyst estimate of $0.48. Revenue for the quarter came in at $197.69 million versus the consensus estimate of $196.18 million.
OraSure Technologies, Inc. (Nasdaq: OSUR) 14.0% HIGHER; announced that the U.S. FDA Blood Products Advisory Committee (BPAC) provided a unanimous positive recommendation for the Company's OraQuick In-Home HIV Test. The BPAC provides advice to the FDA on issues related to the safety and effectiveness of biological products and medical devices seeking FDA approval.
Sina Corp (Nasdaq: SINA) 12.8% HIGHER; reported Q1 EPS of ($0.21), $0.02 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $101.5 million versus the consensus estimate of $102.56 million. Sees Q2 2012 revenue of $126-$129 million, versus the consensus of $130.44 million.
Galena Biopharma (Nasdaq: GALE) 10.6% HIGHER; traders are buying the dip following a nearly 13 percent decline over the last two trading sessions. The company issued a Q1 miss on Monday afternoon.
Legg Mason, Inc. (NYSE: LM) 9.7% HIGHER; announced today a new capital plan which includes the refinancing of $1.25 billion of convertible senior notes. The Company expects to use $250 million to be drawn on its existing revolving credit facility, other borrowings and cash on hand to repurchase the $1.25 billion convertible senior notes held by a fund managed by Kohlberg Kravis Roberts. The company's Board also authorized $1 billion for additional share repurchases.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Netlist, Inc. (Nasdaq: NLST) 23.7% HIGHER; reported Q1 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $14 million versus the consensus estimate of $16.9 million.
Ambow Education (Nasdaq: AMBO) 20.6% LOWER; delayed the filing of its 2011 annual report. Will likely take a $1.6-$3.2 million charge related to an acquisition last year.
J.C. Penney Co., Inc. (NYSE: JCP) 17.4% LOWER; reported Q1 EPS of ($0.25), $0.15 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.48 billion. Comps down 18.5% Stopping quarterly dividend. Reaffirmed FY2012 non-GAAP EPS guidance, but said it does not expect to hit its previously-issued GAAP outlook.
Savient Pharma (Nasdaq: SVNT) 15.9% LOWER; the stock appears to be breaking below the 50-day simple moving average after sticking extremely close to this technical level for the last week or so. Volume is light today.
Abercrombie & Fitch Co. (NYSE: ANF) 14.9% LOWER; reported Q1 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $921.2 million versus the consensus estimate of $951.33 million. Same store-sales were down 5 percent. Reaffirmed its FY12 EPS guidance and said it sees same-sales guidance being down by a mid-single digit percentage.
Citi Trends, Inc. (Nasdaq: CTRN) 14.7% HIGHER; reported Q1 EPS of $0.69, $0.21 better than the analyst estimate of $0.48. Revenue for the quarter came in at $197.69 million versus the consensus estimate of $196.18 million.
OraSure Technologies, Inc. (Nasdaq: OSUR) 14.0% HIGHER; announced that the U.S. FDA Blood Products Advisory Committee (BPAC) provided a unanimous positive recommendation for the Company's OraQuick In-Home HIV Test. The BPAC provides advice to the FDA on issues related to the safety and effectiveness of biological products and medical devices seeking FDA approval.
Sina Corp (Nasdaq: SINA) 12.8% HIGHER; reported Q1 EPS of ($0.21), $0.02 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $101.5 million versus the consensus estimate of $102.56 million. Sees Q2 2012 revenue of $126-$129 million, versus the consensus of $130.44 million.
Galena Biopharma (Nasdaq: GALE) 10.6% HIGHER; traders are buying the dip following a nearly 13 percent decline over the last two trading sessions. The company issued a Q1 miss on Monday afternoon.
Legg Mason, Inc. (NYSE: LM) 9.7% HIGHER; announced today a new capital plan which includes the refinancing of $1.25 billion of convertible senior notes. The Company expects to use $250 million to be drawn on its existing revolving credit facility, other borrowings and cash on hand to repurchase the $1.25 billion convertible senior notes held by a fund managed by Kohlberg Kravis Roberts. The company's Board also authorized $1 billion for additional share repurchases.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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