Unusual 11 Mid-Day Movers 07/26: (PCS) (TEX) (MPG) Higher; (ZNGA) (QSII) (SYNC) Lower
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Zynga (Nasdaq: ZNGA) 38.8% LOWER; reported Q2 EPS of $0.01, $0.05 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $332.5 million versus the consensus estimate of $344.12 million. Sees FY12 EPS of $0.04-$0.09, vs. cons. $0.27.
Quality Systems (Nasdaq: QSII) 35.1% LOWER; reported Q2 EPS of $0.26, $0.09 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $118.3 million versus the consensus estimate of $120.61 million. Shares were downgraded by ISI, Sterne Agee, and JPMorgan on Thursday morning.
MetroPCS (NYSE: PCS) 31.9% HIGHER; reported Q2 EPS of $0.41, $0.20 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.26 billion. MetroPCS reaffirmed FY2012 guidance.
Synacor (Nasdaq: SYNC) 27.9% LOWER; reported Q2 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $30.8 million versus the consensus estimate of $30.68 million. Sees Q3 2012 revenue of $28-$28.5 million, versus the consensus of $30.6 million. Sees FY12 sales at the low end of guidance.
Terex Corp. (NYSE: TEX) 27.2% HIGHER; reported Q2 EPS of $0.75. Revenue for the quarter came in at $2.01 billion versus the consensus estimate of $2.02 billion.
MPG Office Trust, Inc. (NYSE: MPG) 26.5% HIGHER; reported that on July 23, 2012, the Company received notices of redemption from Robert F. Maguire III and related entities requesting the redemption of 3,975,707 operating partnership units. On July 24, 2012, the Company issued 3,975,707 shares of the Company’s common stock in exchange for these units. At Mr. Maguire’s request, the Company issued the common stock to a party not related to Mr. Maguire. The redemption of these units and subsequent issuance of the common stock to a party not related to Mr. Maguire causes Robert F. Maguire III and related entities to fall below the 50% ownership requirement set forth in his contribution agreement. Therefore, all tax protection in favor of him and related entities, as well as all remaining limited partners, will now expire on June 27, 2013.
Ferro Corp. (NYSE: FOE) 26.3% LOWER; reported Q2 EPS of $0.05, $0.03 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $481.5 million versus the consensus estimate of $507.84 million. Sees FY12 sales down 3-7 percent. Lowered its FY12 EPS guidance to 15-20 cents, which compares to the Street estimate of 40 cents.
Innodata (Nasdaq: INOD) 25.0% LOWER; reported Q2 EPS of 8 cents per shares on sales of $22.8 million.
Christopher & Banks (NYSE: CBK) 23.8% HIGHER; the company is looking for same-store sales to be up 5-5.5 percent, sales are expected to be in the range of $102-$103 million, which compares to the Street estimate of $85.4 million, gross margin will be in the range of 26.2-26.4 percent.
Fifth & Pacific (NYSE: FNP) 23.4% HIGHER; reported a loss of 48 cents per share on sales of $336.86 million. The Street was looking for a loss of 12 cents per share on sales of $330.67 million.
Akamai Technologies, Inc. (Nasdaq: AKAM) 22.8% HIGHER; reported Q2 EPS of $0.43, $0.06 better than the analyst estimate of $0.37. Revenue for the quarter came in at $331 million versus the consensus estimate of $325.72 million.
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Quality Systems (Nasdaq: QSII) 35.1% LOWER; reported Q2 EPS of $0.26, $0.09 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $118.3 million versus the consensus estimate of $120.61 million. Shares were downgraded by ISI, Sterne Agee, and JPMorgan on Thursday morning.
MetroPCS (NYSE: PCS) 31.9% HIGHER; reported Q2 EPS of $0.41, $0.20 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.26 billion. MetroPCS reaffirmed FY2012 guidance.
Synacor (Nasdaq: SYNC) 27.9% LOWER; reported Q2 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $30.8 million versus the consensus estimate of $30.68 million. Sees Q3 2012 revenue of $28-$28.5 million, versus the consensus of $30.6 million. Sees FY12 sales at the low end of guidance.
Terex Corp. (NYSE: TEX) 27.2% HIGHER; reported Q2 EPS of $0.75. Revenue for the quarter came in at $2.01 billion versus the consensus estimate of $2.02 billion.
MPG Office Trust, Inc. (NYSE: MPG) 26.5% HIGHER; reported that on July 23, 2012, the Company received notices of redemption from Robert F. Maguire III and related entities requesting the redemption of 3,975,707 operating partnership units. On July 24, 2012, the Company issued 3,975,707 shares of the Company’s common stock in exchange for these units. At Mr. Maguire’s request, the Company issued the common stock to a party not related to Mr. Maguire. The redemption of these units and subsequent issuance of the common stock to a party not related to Mr. Maguire causes Robert F. Maguire III and related entities to fall below the 50% ownership requirement set forth in his contribution agreement. Therefore, all tax protection in favor of him and related entities, as well as all remaining limited partners, will now expire on June 27, 2013.
Ferro Corp. (NYSE: FOE) 26.3% LOWER; reported Q2 EPS of $0.05, $0.03 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $481.5 million versus the consensus estimate of $507.84 million. Sees FY12 sales down 3-7 percent. Lowered its FY12 EPS guidance to 15-20 cents, which compares to the Street estimate of 40 cents.
Innodata (Nasdaq: INOD) 25.0% LOWER; reported Q2 EPS of 8 cents per shares on sales of $22.8 million.
Christopher & Banks (NYSE: CBK) 23.8% HIGHER; the company is looking for same-store sales to be up 5-5.5 percent, sales are expected to be in the range of $102-$103 million, which compares to the Street estimate of $85.4 million, gross margin will be in the range of 26.2-26.4 percent.
Fifth & Pacific (NYSE: FNP) 23.4% HIGHER; reported a loss of 48 cents per share on sales of $336.86 million. The Street was looking for a loss of 12 cents per share on sales of $330.67 million.
Akamai Technologies, Inc. (Nasdaq: AKAM) 22.8% HIGHER; reported Q2 EPS of $0.43, $0.06 better than the analyst estimate of $0.37. Revenue for the quarter came in at $331 million versus the consensus estimate of $325.72 million.
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