Unusual 11 Mid-Day Movers 07/10: (CWTR) (BMTI) (CALL) Higher; (MAKO) (MTSN) (QTM) Lower
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Coldwater Creek Inc. (Nasdaq: CWTR) 48.6% HIGHER; the company announced a the closing of a five-year, $65 million senior secured term loan provided by private equity firm Golden Gate Capital.
MAKO Surgical Corp. (Nasdaq: MAKO) 40.0% LOWER; based on the slower than expected start during the first six months of the year, MAKO now anticipates selling 42 to 48 RIO systems in 2012, which compares to prior guidance of 52 to 58 RIO system sales. Additionally, as a result of adjusted guidance for 2012 RIO sales, MAKO is narrowing 2012 MAKOplasty annual procedure guidance to 11,000 to 12,000, which compares to prior guidance of 11,000 to 13,000 procedures. Click here to see the full report.
Mattson Technology, Inc. (Nasdaq: MTSN) 32.9% LOWER; sees sales of $33 million to $35 million, from guidance of $40 million to $50 million. Reasoning behind the lowered outlook was primarily due to a customer requested delay in shipment of Suprema strip systems to a foundry. Sees net loss at low-end of ($0.06) to $0.02 outlook. The Street was modeling sales of $47.1 million and EPS of $0.00.
Quantum (NYSE: QTM) 26.4% LOWER; expecting sales of about $141 million on a non-GAAP loss of about 3-4 cents, below the guidance offered during its last earnings release on May 9th. Analysts on the Street were expecting breakeven on sales of $155.12 million.
BioMimetic Therapeutics, Inc. (Nasdaq: BMTI) 22.5% HIGHER; has submitted to the FDA an amendment to its Pre-Market Approval application for Augment Bone Graft for its use as an alternative to autograft in hindfoot and ankle fusion procedures.
Destination Maternity Corporation (Nasdaq: DEST) 21.9% LOWER; reports Q3 sales of $138.8 million, down 5.3 percent year-over-year. Comps fell 2.4 percent. GAAP diluted earnings per share for the third quarter will be between $0.51 and $0.53 per share, below the low end of prior earnings guidance range. Prior earnings guidance range for third quarter GAAP diluted earnings per share, as provided in our April 26, 2012 press release, was $0.57 to $0.70 per share.
James River Coal (Nasdaq: JRCC) 19.5% LOWER; sinking following Patriot Coal's Chapter 11 Bankruptcy filing.
magicJack VocalTec, Ltd. (Nasdaq: CALL) 15.2% HIGHER; seeds Q2 sales of $37.5-$38.5 million and EPS of 48-52 cents per share. The Street is looking for EPS of $0.36 and sales of $35.9 million. The company boosted its FY12 GAAP EPS guidance from $1.25-$1.70 to $1.50-$1.80 and sees sales growth of 25-40 percent, compared to a forecast of 20-30 percent previously.
AerCap Holdings N.V. (NYSE: AER) 13.7% HIGHER; has hired an investment bank to "explore strategic opportunities," including a sale of all or part of the company, according to Flightglobal as noted by analysts at Wells Fargo. Click here to see the full report.
Schulman (Nasdaq: SHLM) 10.0% HIGHER; reported Q3 EPS of $0.69, $0.07 better than the analyst estimate of $0.62. Revenue for the quarter came in at $569.1 million versus the consensus estimate of $565.6 million.
ASML Holding (Nasdaq: ASML) 9.5% HIGHER; announced it and Intel have entered into a series of agreements intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling 3.3 billion (approximately $4.1 billion). The first phase of this program consists of Intel committing to R&D funding of 553 million (approximately $680 million) to assist ASML in accelerating the development and delivery of 450-mm manufacturing tools, as well as an equity investment of 1.7 billion (approximately $2.1 billion) for approximately 10 percent of ASMLs pre-transaction issued shares. The second phase of the program is conditioned upon ASML shareholder approval. It includes an additional commitment by Intel of R&D funding of 276 million (approximately $340 million) in ASML focused on accelerating EUV, as well as an equity investment of 838 million (approximately $1.0 billion) for an additional 5 percent of ASML post-transaction issued shares.
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MAKO Surgical Corp. (Nasdaq: MAKO) 40.0% LOWER; based on the slower than expected start during the first six months of the year, MAKO now anticipates selling 42 to 48 RIO systems in 2012, which compares to prior guidance of 52 to 58 RIO system sales. Additionally, as a result of adjusted guidance for 2012 RIO sales, MAKO is narrowing 2012 MAKOplasty annual procedure guidance to 11,000 to 12,000, which compares to prior guidance of 11,000 to 13,000 procedures. Click here to see the full report.
Mattson Technology, Inc. (Nasdaq: MTSN) 32.9% LOWER; sees sales of $33 million to $35 million, from guidance of $40 million to $50 million. Reasoning behind the lowered outlook was primarily due to a customer requested delay in shipment of Suprema strip systems to a foundry. Sees net loss at low-end of ($0.06) to $0.02 outlook. The Street was modeling sales of $47.1 million and EPS of $0.00.
Quantum (NYSE: QTM) 26.4% LOWER; expecting sales of about $141 million on a non-GAAP loss of about 3-4 cents, below the guidance offered during its last earnings release on May 9th. Analysts on the Street were expecting breakeven on sales of $155.12 million.
BioMimetic Therapeutics, Inc. (Nasdaq: BMTI) 22.5% HIGHER; has submitted to the FDA an amendment to its Pre-Market Approval application for Augment Bone Graft for its use as an alternative to autograft in hindfoot and ankle fusion procedures.
Destination Maternity Corporation (Nasdaq: DEST) 21.9% LOWER; reports Q3 sales of $138.8 million, down 5.3 percent year-over-year. Comps fell 2.4 percent. GAAP diluted earnings per share for the third quarter will be between $0.51 and $0.53 per share, below the low end of prior earnings guidance range. Prior earnings guidance range for third quarter GAAP diluted earnings per share, as provided in our April 26, 2012 press release, was $0.57 to $0.70 per share.
James River Coal (Nasdaq: JRCC) 19.5% LOWER; sinking following Patriot Coal's Chapter 11 Bankruptcy filing.
magicJack VocalTec, Ltd. (Nasdaq: CALL) 15.2% HIGHER; seeds Q2 sales of $37.5-$38.5 million and EPS of 48-52 cents per share. The Street is looking for EPS of $0.36 and sales of $35.9 million. The company boosted its FY12 GAAP EPS guidance from $1.25-$1.70 to $1.50-$1.80 and sees sales growth of 25-40 percent, compared to a forecast of 20-30 percent previously.
AerCap Holdings N.V. (NYSE: AER) 13.7% HIGHER; has hired an investment bank to "explore strategic opportunities," including a sale of all or part of the company, according to Flightglobal as noted by analysts at Wells Fargo. Click here to see the full report.
Schulman (Nasdaq: SHLM) 10.0% HIGHER; reported Q3 EPS of $0.69, $0.07 better than the analyst estimate of $0.62. Revenue for the quarter came in at $569.1 million versus the consensus estimate of $565.6 million.
ASML Holding (Nasdaq: ASML) 9.5% HIGHER; announced it and Intel have entered into a series of agreements intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling 3.3 billion (approximately $4.1 billion). The first phase of this program consists of Intel committing to R&D funding of 553 million (approximately $680 million) to assist ASML in accelerating the development and delivery of 450-mm manufacturing tools, as well as an equity investment of 1.7 billion (approximately $2.1 billion) for approximately 10 percent of ASMLs pre-transaction issued shares. The second phase of the program is conditioned upon ASML shareholder approval. It includes an additional commitment by Intel of R&D funding of 276 million (approximately $340 million) in ASML focused on accelerating EUV, as well as an equity investment of 838 million (approximately $1.0 billion) for an additional 5 percent of ASML post-transaction issued shares.
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