Unusual 11 Mid-Day Movers 06/29: (CRIC) (SPRD) (AXAS) Higher; (RBY) (OMN) (EXFO) Lower
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China Real Estate Information Corporation (Nasdaq: CRIC) 18.4% HIGHER; moving higher today above the $6 price level on strong volume. A big block trade near the close yesterday set the ball in motion.
Rubicon Minerals Corporation (AMEX: RBY) 16.2% LOWER; announced results of a Preliminary Economic Assessment for its 100% owned F2 Gold System, part of its Phoenix Gold Project located in the heart of the Red Lake, Ontario gold district. Click here to see the results. While the company claims the results are "positive," the market is clearly indicating otherwise.
OMNOVA Solutions Inc. (NYSE: OMN) 15.8% LOWER; reported Q2 adj-EPS of $0.16, 4 cents worse than the analyst estimate of $0.20. Revenue for the quarter came in at $329.9 million versus the consensus estimate of $310 million.
EXFO, Inc. (Nasdaq: EXFO) 15.8% LOWER; reported Q3 EPS of $0.03, 5 cents worse than the analyst estimate of $0.08. Revenue for the quarter came in at $67.6 million versus the consensus estimate of $69.14 million. Sees Q411 revenue of $62-$67 million, versus the consensus of $71.5 million. The company forecasts Q411 GAAP EPS to fall between 1 and 5 cents.
Spreadtrum (Nasdaq: SPRD) 12.1% HIGHER; the stock is continuing to rebound today following a sharp move lower yesterday amid a Muddy Waters report. The company hosted a conference call this morning to discuss the Muddy Water claims. The company cited "personal reasons" for the management changes discussed in the Muddy Waters report.
Abraxas Petroleum Corporation (Nasdaq: AXAS) 11.7% HIGHER; issued an operational update this morning. Click here to see the full report.
KB Home (NYSE: KBH) 11.1% LOWER; reported Q2 EPS of ($0.89), which may not compare to the analyst estimate of ($0.32). Revenue for the quarter came in at $271.7 million versus the consensus estimate of $257.05 million.
MBIA Inc. (NYSE: MBI) 10.8% HIGHER; gaining on Bank of America (NYSE: BAC) news today. Bloomberg reports that the cost of insuring MBIA insurance swaps (the cost to protect against MBIA's unit that guaranteed toxic debt) fell following the announcement.
Renren (Nasdaq: RENN) 10.7% HIGHER; continuing to rebound today following a sharp move lower throughout June amid fraud fears across the entire Chinese internet sector. Credit Suisse started the stock at Outperform this morning.
McMoRan Exploration Co. (NYSE: MMR) 9.8% HIGHER; updates on updated its exploration and development activities and also provided an update on its cumulative findings to date from its shallow water, ultra-deep exploration and development activities on the Gulf of Mexico Shelf.
Shaw Group, Inc. (NYSE: SHAW) 9.4% LOWER; reported Q3 EPS excluding Westinghouse of $0.86, which may not compare to the analyst estimate of $0.68. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.69 billion. Authorized an additional $500 million to its buyback program. Sees FY2012 EPS of $2.20 - $2.50, versus the consensus of $2.70. Sees FY2012 revenue of $6.2 - $6.5 billion, versus the consensus of $7.18 billion.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Rubicon Minerals Corporation (AMEX: RBY) 16.2% LOWER; announced results of a Preliminary Economic Assessment for its 100% owned F2 Gold System, part of its Phoenix Gold Project located in the heart of the Red Lake, Ontario gold district. Click here to see the results. While the company claims the results are "positive," the market is clearly indicating otherwise.
OMNOVA Solutions Inc. (NYSE: OMN) 15.8% LOWER; reported Q2 adj-EPS of $0.16, 4 cents worse than the analyst estimate of $0.20. Revenue for the quarter came in at $329.9 million versus the consensus estimate of $310 million.
EXFO, Inc. (Nasdaq: EXFO) 15.8% LOWER; reported Q3 EPS of $0.03, 5 cents worse than the analyst estimate of $0.08. Revenue for the quarter came in at $67.6 million versus the consensus estimate of $69.14 million. Sees Q411 revenue of $62-$67 million, versus the consensus of $71.5 million. The company forecasts Q411 GAAP EPS to fall between 1 and 5 cents.
Spreadtrum (Nasdaq: SPRD) 12.1% HIGHER; the stock is continuing to rebound today following a sharp move lower yesterday amid a Muddy Waters report. The company hosted a conference call this morning to discuss the Muddy Water claims. The company cited "personal reasons" for the management changes discussed in the Muddy Waters report.
Abraxas Petroleum Corporation (Nasdaq: AXAS) 11.7% HIGHER; issued an operational update this morning. Click here to see the full report.
KB Home (NYSE: KBH) 11.1% LOWER; reported Q2 EPS of ($0.89), which may not compare to the analyst estimate of ($0.32). Revenue for the quarter came in at $271.7 million versus the consensus estimate of $257.05 million.
MBIA Inc. (NYSE: MBI) 10.8% HIGHER; gaining on Bank of America (NYSE: BAC) news today. Bloomberg reports that the cost of insuring MBIA insurance swaps (the cost to protect against MBIA's unit that guaranteed toxic debt) fell following the announcement.
Renren (Nasdaq: RENN) 10.7% HIGHER; continuing to rebound today following a sharp move lower throughout June amid fraud fears across the entire Chinese internet sector. Credit Suisse started the stock at Outperform this morning.
McMoRan Exploration Co. (NYSE: MMR) 9.8% HIGHER; updates on updated its exploration and development activities and also provided an update on its cumulative findings to date from its shallow water, ultra-deep exploration and development activities on the Gulf of Mexico Shelf.
Shaw Group, Inc. (NYSE: SHAW) 9.4% LOWER; reported Q3 EPS excluding Westinghouse of $0.86, which may not compare to the analyst estimate of $0.68. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.69 billion. Authorized an additional $500 million to its buyback program. Sees FY2012 EPS of $2.20 - $2.50, versus the consensus of $2.70. Sees FY2012 revenue of $6.2 - $6.5 billion, versus the consensus of $7.18 billion.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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