Unusual 11 Mid-Day Movers 08/24: (PPHM) (AZPN) (PRMW) Higher; (PSUN) (IPHI) (UTHR) Lower
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Pacific Sunwear Of California (Nasdaq: PSUN) 32.7% LOWER; reported Q2 loss of $0.29, 5 cents worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $214.9 million versus the consensus estimate of $211.8 million. Pacific Sunwear sees a Q311 loss of ($0.16) to ($0.29) per share, versus the consensus of ($0.05).
Inphi (Nasdaq: IPHI) 28.4% LOWER; sees non-GAAP EPS goes to $0.00 to $0.03 with Q311 revs of $16 to $18 million. Consensus sees EPS of $0.10 and revs of $22.76 million.
United Therapeutics Corporation (Nasdaq: UTHR) 18.2% LOWER; said its FREEDOM-C(2) Phase 3 trial of treprostinil diethanolamine in patients with pulmonary arterial hypertension did not achieve statistical significance for the primary endpoint, six-minute walk distance at Week 16. Deutsche Bank downgraded the stock.
American Eagle Outfitters, Inc. (NYSE: AEO) 13.7% LOWER; reported Q2 EPS of $0.10, 1 cent worse than the analyst estimate of $0.11. Revenue for the quarter came in at $676 million versus the consensus estimate of $650.78 million. Same-store sales were flat. Sees Q3 EPS of 22 to 27 cents, which compares to the Street estimate of 26 cents. Cuts its FY11 EPS outlook from about $1.02 to 85 - 95 cents, which compares to the Street estimate of 93 cents.
Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM) 13.7% HIGHER; today announced 20.7 month median overall survival from a prior single-arm Phase II trial evaluating bavituximab in combination with docetaxel in patients with locally advanced or metastatic breast cancer.
Aspen Technology, Inc. (Nasdaq: AZPN) 13.1% HIGHER; reported Q4 EPS of ($0.20), $0.02 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $52.6 million versus the consensus estimate of $47.48 million.
Primo Water Corporation (Nasdaq: PRMW) 12.9% HIGHER; investors getting reassurance from reports today that Primo's sell-off following earnings may have been overdone. Primo plunged 61 percent on August 10th, following its second-quarter earnings release.
MGIC Investment Corp. (NYSE: MTG) 13.0% HIGHER; gaining as competitor PMI (NYSE: PMI) was forced to shutter it's Arizona operations, and was appointed a supervisor by the Arizona Department of Insurance.
Globe Specialty Metals, Inc. (Nasdaq: GSM) 10.7% LOWER; reported Q4 EPS of $0.28, 3 cents worse than the analyst estimate of $0.31. Revenue for the quarter came in at $175.9 million versus the consensus estimate of $166.71 million.
Summit Hotel Properties (NYSE: INN) 9.9% HIGHER; KeyBanc upgraded shares to Buy with a $9 price target.
Swift Transportation Co., LLC (Nasdaq: SWFT) 9.9% HIGHER; CEO Jerry C. Moyes bought 280,000 shares on 8/22 at $6.91.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Inphi (Nasdaq: IPHI) 28.4% LOWER; sees non-GAAP EPS goes to $0.00 to $0.03 with Q311 revs of $16 to $18 million. Consensus sees EPS of $0.10 and revs of $22.76 million.
United Therapeutics Corporation (Nasdaq: UTHR) 18.2% LOWER; said its FREEDOM-C(2) Phase 3 trial of treprostinil diethanolamine in patients with pulmonary arterial hypertension did not achieve statistical significance for the primary endpoint, six-minute walk distance at Week 16. Deutsche Bank downgraded the stock.
American Eagle Outfitters, Inc. (NYSE: AEO) 13.7% LOWER; reported Q2 EPS of $0.10, 1 cent worse than the analyst estimate of $0.11. Revenue for the quarter came in at $676 million versus the consensus estimate of $650.78 million. Same-store sales were flat. Sees Q3 EPS of 22 to 27 cents, which compares to the Street estimate of 26 cents. Cuts its FY11 EPS outlook from about $1.02 to 85 - 95 cents, which compares to the Street estimate of 93 cents.
Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM) 13.7% HIGHER; today announced 20.7 month median overall survival from a prior single-arm Phase II trial evaluating bavituximab in combination with docetaxel in patients with locally advanced or metastatic breast cancer.
Aspen Technology, Inc. (Nasdaq: AZPN) 13.1% HIGHER; reported Q4 EPS of ($0.20), $0.02 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $52.6 million versus the consensus estimate of $47.48 million.
Primo Water Corporation (Nasdaq: PRMW) 12.9% HIGHER; investors getting reassurance from reports today that Primo's sell-off following earnings may have been overdone. Primo plunged 61 percent on August 10th, following its second-quarter earnings release.
MGIC Investment Corp. (NYSE: MTG) 13.0% HIGHER; gaining as competitor PMI (NYSE: PMI) was forced to shutter it's Arizona operations, and was appointed a supervisor by the Arizona Department of Insurance.
Globe Specialty Metals, Inc. (Nasdaq: GSM) 10.7% LOWER; reported Q4 EPS of $0.28, 3 cents worse than the analyst estimate of $0.31. Revenue for the quarter came in at $175.9 million versus the consensus estimate of $166.71 million.
Summit Hotel Properties (NYSE: INN) 9.9% HIGHER; KeyBanc upgraded shares to Buy with a $9 price target.
Swift Transportation Co., LLC (Nasdaq: SWFT) 9.9% HIGHER; CEO Jerry C. Moyes bought 280,000 shares on 8/22 at $6.91.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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