Unusual 11 Mid-Day Movers 08/16: (RLRN) (FN) (CRU) Higher; (VVTV) (VIT) (NEWN) Lower
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Valuevision Media, Inc. (Nasdaq: VVTV) 28.5% LOWER; reported Q2 loss of ($0.09), 3 cents worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $132.14 million versus the consensus estimate of $143.39 million. Internet Sales increased 23% with e-commerce penetration up 670 bps to 46.1%.
Vanceinfo Technologies Inc. ADS (NYSE: VIT) 28.0% LOWER; reported Q2 EPS of $0.21, 2 cents worse than the analyst estimate of $0.23. Revenue for the quarter came in at $68.2 million versus the consensus estimate of $67.51 million. Vanceinfo sees Q3 2011 EPS of $0.19-$0.21, versus the consensus of $0.25. Sees Q3 2011 revenue of $69-$72 million, versus the consensus of $73.27 million. Vanceinfo also sees FY2011 EPS of $0.84-$0.90, versus the consensus of $0.97. Sees FY2011 revenue of $275 million, versus the consensus of $278.21 million.
Renaissance Learning (Nasdaq: RLRN) 23.3% HIGHER; to be acquired by Permira Funds for $14.85/share.
New Energy Systems Group (NYSE: NEWN) 22.9% LOWER; reported Q2 EPS of $0.28, 10 cents worse than the analyst estimate of $0.38. Revenue for the quarter came in at $23.1 million versus the consensus estimate of $31.2 million.
Fabrinet (NYSE: FN) 21.3% HIGHER; reported Q4 EPS of $0.50, versus $0.44 reported last year. Revenue for the quarter came in at $190.3 million, versus $157.4 million reported last year. Fabrinet sees Q1 2012 EPS of $0.39-$0.41. Fabrinet sees Q1 2012 revenue of $173-$178 million. The stock was upgraded to Overweight at JPMorgan.
Crude Carriers Corp. (NYSE: CRU) 20.6% HIGHER; grabbing some attention above the $7 price level today, bouncing following a glum second-quarter earnings report on August 5th. Crude Carriers also said it wouldn't pay a dividend for the quarter.
Kid Brands (NYSE: KID) 20.3% LOWER; reported Q2 adjusted EPS of $0.09, 1 cent better than the analyst estimate of $0.08. Revenue for the quarter came in at $60.3 million versus the consensus estimate of $60.55 million. Kid Brands sees FY2011 EPS of $0.40-$0.42, versus the consensus of $0.58. Kid Brands also sees FY2011 revenue up 7%-8% Y/Y.
China TechFaith Wireless (Nasdaq: CNTF) 19.5% LOWER; reported Q2 EPS of $0.14, versus $0.11 reported last year. Revenue for the quarter came in at $82.8 million, versus $65.5 million reported last year. China TechFaith sees Q311 revenue of $78-$80 million.
Carbonite (Nasdaq: CARB) 16% HIGHER; on its fourth day of trading, this recent IPO is up 61 percent after pricing at $10 and opening just under $12.
Peregrine Pharma (Nasdaq: PPHM) 12.4% HIGHER; continuing higher today following a nearly 8 percent rise yesterday. The stock is above a resistance level around $1.40 today.
Majesco Entertainment (Nasdaq: COOL) 12.3% HIGHER; holding above the all-important $2 level after retaking the technical level yesterday. The stock pushed below $2 last week.
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Vanceinfo Technologies Inc. ADS (NYSE: VIT) 28.0% LOWER; reported Q2 EPS of $0.21, 2 cents worse than the analyst estimate of $0.23. Revenue for the quarter came in at $68.2 million versus the consensus estimate of $67.51 million. Vanceinfo sees Q3 2011 EPS of $0.19-$0.21, versus the consensus of $0.25. Sees Q3 2011 revenue of $69-$72 million, versus the consensus of $73.27 million. Vanceinfo also sees FY2011 EPS of $0.84-$0.90, versus the consensus of $0.97. Sees FY2011 revenue of $275 million, versus the consensus of $278.21 million.
Renaissance Learning (Nasdaq: RLRN) 23.3% HIGHER; to be acquired by Permira Funds for $14.85/share.
New Energy Systems Group (NYSE: NEWN) 22.9% LOWER; reported Q2 EPS of $0.28, 10 cents worse than the analyst estimate of $0.38. Revenue for the quarter came in at $23.1 million versus the consensus estimate of $31.2 million.
Fabrinet (NYSE: FN) 21.3% HIGHER; reported Q4 EPS of $0.50, versus $0.44 reported last year. Revenue for the quarter came in at $190.3 million, versus $157.4 million reported last year. Fabrinet sees Q1 2012 EPS of $0.39-$0.41. Fabrinet sees Q1 2012 revenue of $173-$178 million. The stock was upgraded to Overweight at JPMorgan.
Crude Carriers Corp. (NYSE: CRU) 20.6% HIGHER; grabbing some attention above the $7 price level today, bouncing following a glum second-quarter earnings report on August 5th. Crude Carriers also said it wouldn't pay a dividend for the quarter.
Kid Brands (NYSE: KID) 20.3% LOWER; reported Q2 adjusted EPS of $0.09, 1 cent better than the analyst estimate of $0.08. Revenue for the quarter came in at $60.3 million versus the consensus estimate of $60.55 million. Kid Brands sees FY2011 EPS of $0.40-$0.42, versus the consensus of $0.58. Kid Brands also sees FY2011 revenue up 7%-8% Y/Y.
China TechFaith Wireless (Nasdaq: CNTF) 19.5% LOWER; reported Q2 EPS of $0.14, versus $0.11 reported last year. Revenue for the quarter came in at $82.8 million, versus $65.5 million reported last year. China TechFaith sees Q311 revenue of $78-$80 million.
Carbonite (Nasdaq: CARB) 16% HIGHER; on its fourth day of trading, this recent IPO is up 61 percent after pricing at $10 and opening just under $12.
Peregrine Pharma (Nasdaq: PPHM) 12.4% HIGHER; continuing higher today following a nearly 8 percent rise yesterday. The stock is above a resistance level around $1.40 today.
Majesco Entertainment (Nasdaq: COOL) 12.3% HIGHER; holding above the all-important $2 level after retaking the technical level yesterday. The stock pushed below $2 last week.
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