Unusual 11 Mid-Day Movers 07/20: (FSBI) (AONE) (ASTX) Higher; (LNET) (GORO) (CPHD) Lower
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Fidelity Bancorp, Inc. (Nasdaq: FSBI) 65.3% HIGHER; WesBanco, Inc. (Nasdaq: WSBC) and Fidelity Bancorp jointly announced today that they have executed a definitive Agreement and Plan of Merger. Under the terms of the Agreement and Plan of Merger, WesBanco will exchange a combination of its common stock and cash for Fidelity common stock. Fidelity shareholders will be entitled to receive 0.8275 shares of WesBanco common stock and cash in the amount of $4.50 per share for each share of Fidelity common stock.
Lodgenet Interactive Corp. (Nasdaq: LNET) 26.2% LOWER; reported Q2 EPS of ($0.36), versus ($0.17) reported last year. Revenue for the quarter came in at $92.8 million, versus $106.64 million reported last year. Withdrawals outlook for FY12.
Gold Resource Corporation (NYSE: GORO) 24.6% LOWER; reported its preliminary production results for the second quarter ended June 30, 2012 of approximately 14,500 ounces precious metal gold equivalent (AuEq) at a 60:1 price ratio. Click here to see the full report.
Cepheid, Inc. (Nasdaq: CPHD) 23.4% LOWER; reported Q2 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $81 million versus the consensus estimate of $82.67 million. Sees FY2012 EPS of $0.00-$0.04, versus the consensus of $0.14. Sees FY2012 revenue of $333-$347 million, versus the consensus of $341.8 million.
Chipotle Mexican Grill (NYSE: CMG) 22.9% LOWER; reported Q2 EPS of $2.56, $0.26 better than the analyst estimate of $2.30. Revenue for the quarter came in at $690.9 million versus the consensus estimate of $706.62 million. Comps rose 8%. The stock was downgraded at Janney and Deutsche Bank. Goldman Sachs removed the stock from its Conviction Buy list.
A123 Systems (Nasdaq: AONE), 20.9% HIGHER; announced that it will supply a 2MW grid energy storage system to Ray Power Systems Co. Ltd., a Chinese company focused on developing the frequency regulation market and relevant technologies.
STAAR Surgical (Nasdaq: STAA) 20.4% LOWER; sees Q2 sales of about $16 million, which compares to the Street estimate of $18.35 million.
Astex Pharmaceuticals, Inc. (Nasdaq: ASTX), 19.4% HIGHER; announced that Janssen-Cilag International NV was notified that the Committee for Medical Products for Human Use (CHMP) of the European Medicines Agency (EMA) granted a positive opinion recommending approval of DACOGEN (decitabine) for Injection in the treatment of adult patients (age 65 years and above) with newly diagnosed de novo or secondary acute myeloid leukemia (AML), according to the World Health Organization (WHO) classification who are not candidates for standard induction chemotherapy.
Sandisk Corp (Nasdaq: SNDK) 12.9% HIGHER; reported Q2 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.02 billion. Looking for Q3 sales of about $1.2 billion, which compares to the Street estimate of $1.22 billion, sees gross margin 28 percent +/- 2 points.
New Oriental Education & Technology Group (NYSE: EDU) 12.4% HIGHER; continuing to bounce following a 57 percent move lower over Tuesday and Wednesday. This morning, the company announced it formed an independent special committee to consider the recent Muddy Waters allegations.
Dole Food Company (NYSE: DOLE) 10.2% HIGHER; reported Q2 EPS of $0.80, $0.08 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.78 billion versus the consensus estimate of $1.82 billion. In talks with third parties about a strategic review, might include separation of units.
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Lodgenet Interactive Corp. (Nasdaq: LNET) 26.2% LOWER; reported Q2 EPS of ($0.36), versus ($0.17) reported last year. Revenue for the quarter came in at $92.8 million, versus $106.64 million reported last year. Withdrawals outlook for FY12.
Gold Resource Corporation (NYSE: GORO) 24.6% LOWER; reported its preliminary production results for the second quarter ended June 30, 2012 of approximately 14,500 ounces precious metal gold equivalent (AuEq) at a 60:1 price ratio. Click here to see the full report.
Cepheid, Inc. (Nasdaq: CPHD) 23.4% LOWER; reported Q2 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $81 million versus the consensus estimate of $82.67 million. Sees FY2012 EPS of $0.00-$0.04, versus the consensus of $0.14. Sees FY2012 revenue of $333-$347 million, versus the consensus of $341.8 million.
Chipotle Mexican Grill (NYSE: CMG) 22.9% LOWER; reported Q2 EPS of $2.56, $0.26 better than the analyst estimate of $2.30. Revenue for the quarter came in at $690.9 million versus the consensus estimate of $706.62 million. Comps rose 8%. The stock was downgraded at Janney and Deutsche Bank. Goldman Sachs removed the stock from its Conviction Buy list.
A123 Systems (Nasdaq: AONE), 20.9% HIGHER; announced that it will supply a 2MW grid energy storage system to Ray Power Systems Co. Ltd., a Chinese company focused on developing the frequency regulation market and relevant technologies.
STAAR Surgical (Nasdaq: STAA) 20.4% LOWER; sees Q2 sales of about $16 million, which compares to the Street estimate of $18.35 million.
Astex Pharmaceuticals, Inc. (Nasdaq: ASTX), 19.4% HIGHER; announced that Janssen-Cilag International NV was notified that the Committee for Medical Products for Human Use (CHMP) of the European Medicines Agency (EMA) granted a positive opinion recommending approval of DACOGEN (decitabine) for Injection in the treatment of adult patients (age 65 years and above) with newly diagnosed de novo or secondary acute myeloid leukemia (AML), according to the World Health Organization (WHO) classification who are not candidates for standard induction chemotherapy.
Sandisk Corp (Nasdaq: SNDK) 12.9% HIGHER; reported Q2 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.02 billion. Looking for Q3 sales of about $1.2 billion, which compares to the Street estimate of $1.22 billion, sees gross margin 28 percent +/- 2 points.
New Oriental Education & Technology Group (NYSE: EDU) 12.4% HIGHER; continuing to bounce following a 57 percent move lower over Tuesday and Wednesday. This morning, the company announced it formed an independent special committee to consider the recent Muddy Waters allegations.
Dole Food Company (NYSE: DOLE) 10.2% HIGHER; reported Q2 EPS of $0.80, $0.08 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.78 billion versus the consensus estimate of $1.82 billion. In talks with third parties about a strategic review, might include separation of units.
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