Unusual 11 Mid-Day Movers 07/23: MNTA, INFN, ATHN, ONP, EDCI, NXTM, EFII Higher; GAP, BEC, BXS, QLGC, LTBR Lower
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Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA) 65.8% HIGHER; announced that the U.S. Food and Drug Administration has granted marketing approval of the Abbreviated New Drug Application (ANDA) for enoxaparin sodium for injection filed by Sandoz. Developed under a collaboration agreement between Momenta and Sandoz, this product has been designated therapeutically equivalent to the reference-listed drug, Lovenox, which is marketed by Sanofi-Aventis (NYSE: SNY).
Great A&P Tea (NYSE: GAP) 31.3% LOWER; reports Q2 operating loss of $2.27, versus the analyst estimate of ($0.70). Revenue for the quarter was $2.6 billion, which compares to the estimate of $2.60 billion.
Infinera (Nasdaq: INFN) 22.9% HIGHER; reports Q2 EPS of $0.03, ex-items, 9 cents better than the analyst estimate of ($0.06). Revenue for the quarter was $111.4 million, which compares to the estimate of $100.12 million.
Beckman Coulter Inc. (NYSE: BEC) 22.0% LOWER; reports Q2 adj-EPS of $0.84, 16 cents lower than the analyst estimate of $1.00. Revenue for the quarter was $902 million, which compares to the estimate of $914.04 million. Sees FY10 sales of $3.65-$3.7 billion and EPS of $3.90-$4.00. The previous estimate was for EPS of $4.30-$4.50 on sales of $3.75-$3.85 billion.
athenahealth (Nasdaq: ATHN) 18.2% HIGHER; reports Q2 adjusted EPS of $0.12, 2 cents better than the analyst estimate of $0.10. Revenue for the quarter was $58.6 million, which compares to the estimate of $59.20 million.
BancorpSouth (NYSE: BXS) 16.1% LOWER; reports Q2 loss of $0.15, versus the $0.41 gain reported in the same quarter last year. The stock was also downgraded at Raymond James.
QLogic (Nasdaq: QLGC) 16.0% LOWER; reports Q1 EPS of $0.30, 1 cent better than the analyst estimate of $0.29. Revenue for the quarter was $142.6 million, which compares to the estimate of $144.07 million.
Orient Paper Inc. (AMEX: ONP) 15.5%; after being down more than 45% over the last seven days, investors may feel that the shares are now fairly valued, and buying the dip. Allegations from Muddy Waters of foul play in SEC reports and continued coverage by Seeking Alpha added pressure to the shares.
Lightbridge (Nasdaq: LTBR) 15.4% LOWER; reports Q2 loss of $0.19, versus a loss of $0.13 reported for the same period a year ago. Revenue for the quarter was $1.96 million, compared to $3.43 million in Q209. The company also announced a $13.7 million registered direct offering.
NxStage Medical, Inc. (Nasdaq: NXTM) 15.3% HIGHER; reports Q2 loss of $0.17, 1 cent better than the analyst estimate of ($0.18). Revenue for the quarter was $44.0 million, which compares to the estimate of $41.06 million. Sees Q3 revs of $43 - $45 million and a loss of $0.15 - $0.18. Consensus sees an loss of $0.16 and revs of $42.19 million. Increases FY10 revs from $163 - $170 million to $170 - $175 million. Consensus is looking for revs of $168.56 million. Maintains FY10 EPS outlook.
Electronics for Imaging, Inc. (Nasdaq: EFII) 12.5% HIGHER; reports Q2 EPS of $0.09, ex-items, 3 cents better than the analyst estimate of $0.06. Revenue for the quarter was $119.1 million, which compares to the estimate of $112.00 million.
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Great A&P Tea (NYSE: GAP) 31.3% LOWER; reports Q2 operating loss of $2.27, versus the analyst estimate of ($0.70). Revenue for the quarter was $2.6 billion, which compares to the estimate of $2.60 billion.
Infinera (Nasdaq: INFN) 22.9% HIGHER; reports Q2 EPS of $0.03, ex-items, 9 cents better than the analyst estimate of ($0.06). Revenue for the quarter was $111.4 million, which compares to the estimate of $100.12 million.
Beckman Coulter Inc. (NYSE: BEC) 22.0% LOWER; reports Q2 adj-EPS of $0.84, 16 cents lower than the analyst estimate of $1.00. Revenue for the quarter was $902 million, which compares to the estimate of $914.04 million. Sees FY10 sales of $3.65-$3.7 billion and EPS of $3.90-$4.00. The previous estimate was for EPS of $4.30-$4.50 on sales of $3.75-$3.85 billion.
athenahealth (Nasdaq: ATHN) 18.2% HIGHER; reports Q2 adjusted EPS of $0.12, 2 cents better than the analyst estimate of $0.10. Revenue for the quarter was $58.6 million, which compares to the estimate of $59.20 million.
BancorpSouth (NYSE: BXS) 16.1% LOWER; reports Q2 loss of $0.15, versus the $0.41 gain reported in the same quarter last year. The stock was also downgraded at Raymond James.
QLogic (Nasdaq: QLGC) 16.0% LOWER; reports Q1 EPS of $0.30, 1 cent better than the analyst estimate of $0.29. Revenue for the quarter was $142.6 million, which compares to the estimate of $144.07 million.
Orient Paper Inc. (AMEX: ONP) 15.5%; after being down more than 45% over the last seven days, investors may feel that the shares are now fairly valued, and buying the dip. Allegations from Muddy Waters of foul play in SEC reports and continued coverage by Seeking Alpha added pressure to the shares.
Lightbridge (Nasdaq: LTBR) 15.4% LOWER; reports Q2 loss of $0.19, versus a loss of $0.13 reported for the same period a year ago. Revenue for the quarter was $1.96 million, compared to $3.43 million in Q209. The company also announced a $13.7 million registered direct offering.
NxStage Medical, Inc. (Nasdaq: NXTM) 15.3% HIGHER; reports Q2 loss of $0.17, 1 cent better than the analyst estimate of ($0.18). Revenue for the quarter was $44.0 million, which compares to the estimate of $41.06 million. Sees Q3 revs of $43 - $45 million and a loss of $0.15 - $0.18. Consensus sees an loss of $0.16 and revs of $42.19 million. Increases FY10 revs from $163 - $170 million to $170 - $175 million. Consensus is looking for revs of $168.56 million. Maintains FY10 EPS outlook.
Electronics for Imaging, Inc. (Nasdaq: EFII) 12.5% HIGHER; reports Q2 EPS of $0.09, ex-items, 3 cents better than the analyst estimate of $0.06. Revenue for the quarter was $119.1 million, which compares to the estimate of $112.00 million.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
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