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Unusual 11 Mid-Day Movers 05/20: CNTF, APP, TTIL, AAP, CTRN, WSM Up; NWY, IRE, AGEN, WNC, CYTR Down

May 20, 2010 12:33 PM EDT
CNTF Hot Sheet
EPS Growth %: -103.8%
China Techfaith Wireless Communication Technology Ltd. (Nasdaq: CNTF) 27% HIGHER; reports Q1 EPS of $0.01, versus $0.00 reported for the same period a year ago. Revenue for the quarter was $60.9 million, compared to $59.8 million in Q109. Sees Q210 revs of $62 - $65 million.

New York & Company Inc. (NYSE: NWY) 19.5% LOWER; reports Q1 loss of $0.08, inline with the analyst estimate of ($0.08). Revenue for the quarter was $237 million, which compares to the estimate of $233.69 million. SSS up 2%.

Bank of Ireland (NYSE: IRE) 16.7% LOWER; the US stock market just opened and most indices are down 2%+. Markets in Europe have also fallen about 2% over today's trading session as turmoil in Greece continues to weigh on investors decisions.

Antigenics Inc. (Nasdaq: AGEN) 14.7% LOWER; today announced that data from a multi-center Phase 1/2 clinical trial of Oncophage (vitespen) for recurrent high-grade glioma (brain cancer) was presented at the International Conference on Brain Tumor Research and Therapy. The study was conducted by the Brain Tumor Research Center at the University of California, San Francisco. Click here to see the full report.

Wabash National Corporation (NYSE: WNC) 14.5% LOWER; today announced that it intends to offer 11,000,000 shares of its common stock and a selling stockholder, Trailer Investments, LLC (a wholly-owned entity of Lincolnshire Equity Fund III, L.P., a private equity investment fund managed by Lincolnshire Management, Inc.), intends to offer 12,500,000 shares of common stock in an underwritten public offering. The selling stockholder also expects to grant the underwriters a 30-day option to purchase up to an additional 3,525,000 shares to cover over-allotments, if any.

CytRx Corporation (Nasdaq: CYTR) 12.3% LOWER; may have seen some support at $1.00 price level, and hasn't recovered abovethat today since penetrating it at about 11:00 am today.

American Apparel, Inc. (AMEX: APP) 7.9% HIGHER; making a little bit of a rebound today after shares of the company took a dive Wednesday, about 24.8% at midday, after the company reported a preliminary Q110 loss from operations of $17.6 million.

TTI Team Telecom International Ltd. (Nasdaq: TTIL) 7.5% HIGHER; jumping higher on rumors of a takeover, which the company addressed in a press release.

Advance Auto Parts Inc. (NYSE: AAP) 7.1% HIGHER; after the market closed yesterday, reported a Q1 EPS of $1.19, 19 cents better than the analyst estimate of $1.00. Revenue for the quarter was $1.83 billion, which compares to the estimate of $1.71 billion. Also increased FY10 EPS outlook.

Citi Trends (Nasdaq: CTRN) 6.6% HIGHER; reported a Q1 EPS of $0.86, versus the analyst estimate of $0.67. Revenue for the quarter was $181.4 million, which compares to the estimate of $168.08 million early Thursday. Investors may be buying the dip from yesterday, as shares of the company have typically traded above $30 since mid-March.

Williams-Sonoma Inc. (NYSE: WSM) 5% HIGHER; reports Q1 non-GAAP EPS of $0.23, 11 cents better than the analyst estimate of $0.12. Revenue for the quarter was $718 million, which compares to the estimate of $675.57 million. The company also increased its Q210 and FY10 estimates.

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