Unusual 11 Mid-Day Movers 10/20: TSTC, MPS, AEHR, TBUS Higher; CONN, GAP, BSX, VLTR Lower

October 20, 2009 1:09 PM EDT

Telestone Technologies Corporation (Nasdaq: TSTC) 34.4% HIGHER; announced today that its Wireless Fiber Distribution System (WFDS(TM)) passed all testing procedures of the U.S. FCC, including all of the existing 2G and 3G systems in the U.S.

Conn's, Inc. (NASDAQ: CONN) 33.2% LOWER; today provided an update regarding current trends in its business. Click here for the full report.

MPS Group, Inc. (NYSE: MPS) 21.4% HIGHER; announced that it has entered into a definitive agreement to be acquired by Adecco Group. The transaction will take place for $13.80 per common share, for a total value of approximately $1.3 billion. This represents a premium of 24% over yesterday's closing stock price and a premium of 27% and 36%, respectively, over the average closing stock price during the last 30 and 90 calendar days. The Board of Directors of MPS Group unanimously approved the transaction.

The Great Atlantic & Pacific Tea Company, Inc. (NYSE: GAP) 17.9% LOWER; reports Q2 loss of $1.18, versus the analyst estimate of ($0.71) Revenue for the quarter was $2.13 billion, which compares to the estimate of $2.1 billion. Comparable store sales down 3.6% year-over-year.

Boston Scientific Corporation (NYSE: BSX) 16.9% LOWER; reports Q3 adj-EPS of $0.19, 5 cents better than the analyst estimate of $0.14. Revenue for the quarter was $2.02 billion, which compares to the estimate of $2.04 billion. Sees Q4 adj-EPS of $0.17-$0.21, on sales of $2.025-$2.125 billion. The Street is currently looking for Q4 EPS and sales of $0.17. and $2.10 billion, respectively. Also downgraded at Wells Fargo.

Aehr Test Systems (Nasdaq: AEHR) 16.4% HIGHER; may be trading higher on news that a Director, William Elder, purchased 22,097 shares on 10/15-10/16 at prices ranging from $1.18-$1.28.

Volterra Semiconductor Corporation (NASDAQ: VLTR) 14.6% LOWER; reports Q3 non-GAAP EPS of $0.19, versus the analyst estimate of $0.20. Revenue for the quarter was $29.7 million, which compares to the estimate of $29.70 million.

Pixelworks, Inc. (NASDAQ: PXLW) 14.6% LOWER; reports Q3 loss of $0.07, compared to an EPS of $0.05 in the second quarter 2008. Revenue for the quarter was $16.7 million, versus $21.5 million in Q208. Pixelworks sees Q409 non-GAAP EPS of $0.10 to $0.14, and Q409 revenues of $17 million to $19 million.

DRI Corp. (Nasdaq: TBUS) 13.6% HIGHER; announced today that the Company's Mobitec AB subsidiary in Sweden has secured an order of strategic significance from a transit system operator in Singapore.

Lexmark (NYSE: LXK) 13.4% HIGHER; reports Q3 non-GAAP EPS of $0.65 per share, ex-items, above the consensus of $0.45. Revenues came in at $958 million, versus the consensus of $901.3 million. Revenues was down 15% from last year, but up 6% sequentially. Lexmark sees Q4 EPS of $0.50-$0.60 versus the consensus of $0.47.

Providence Service Corp. (Nasdaq: PRSC) 12.7% HIGHER; sees Q3 EPS of $0.20-$0.22, versus the consensus of $0.18, on sales of about $207 million, versus the Street estimate of $197.11 million. Sees Q4 EPS of $0.33-$0.35, versus the consensus of $0.34.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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