Unusual 11 Mid-Day Movers 11/23: (YGE) (HKN) (XUE) Higher; (DMND) (SCHS) (CCSC) Lower
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Diamond Foods, Inc. (Nasdaq: DMND) 21.5% LOWER; shares are seeing after-hours pressure on reports from CNBC's Herb Greenberg that Director Joseph Silveiri, who was on the audit committee, committed suicide. According to Greenberg, "Silveiri recused himself from the audit committee's investigation into accounting quesitons [sic] for certain payments to walnut growers because he managed walnut properties."
School Specialty, Inc. (Nasdaq: SCHS), 20.3% LOWER; continuing lower following yesterday's second-quarter earnings report and cut outlook. Shares fell 26.4 percent Tuesday, and moved an additional 23 percent to $4.01, a new 52-week low.
Country Style Cooking Restaurant Chain (NYSE: CCSC) 15.4% LOWER; stock continuing to plunge following a Q3 miss on the afternoon of November 17th. The stock is down 34 percent since the report.
Phoenix New Media (NYSE: FENG) 14.2% LOWER; reported Q3 EPS of $0.12, 7 cents better than the analyst estimate of $0.05. Revenue for the quarter came in at $42.5 million versus the consensus estimate of $37.85 million. For the fourth quarter of 2011, the Company expects its total revenues to be between RMB247 million and RMB264 million, representing a year-over-year growth of approximately 56 to 67 percent.
China Digital TV Holding Co. (NYSE: STV) 13.7% LOWER; reported Q3 EPS of $0.17, versus $0.17 reported last year. Revenue for the quarter came in at $25.9 million, versus $23.53 million reported last year. Sees Q4 2011 revenue of $25.7-$26.6 million. Based on information available as of November 22, 2011, China Digital TV expects smart card shipments for the fourth quarter of 2011 to be between 4.6 million and 4.8 million.
Yingli Green Energy Holding Co (NYSE: YGE) 11.9% HIGHER; reported Q3 EPS of $0.14, 16 cents better than the analyst estimate of ($0.02). Revenue for the quarter came in at $667.7 million versus the consensus estimate of $659.65 million. Based on current market and operating conditions, estimated production capacity and forecast customer demand, the Company revises its PV module shipment target to be in the estimated range of 1,580 MW to 1,630 MW from the previous expected range of 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 48.8 to 53.5 percent compared to fiscal year 2010.
HKN Inc. (AMEX: HKN) 11.8% HIGHER; continuing to run after breaking above $2.50 on Monday. Shares are up more than 35 percent this week. Late yesterday, the company responded to the market activity, saying it does not comment on market activity.
Xueda Education Group (NYSE: XUE) 10.6% HIGHER; today announced that its board of directors has appointed Mr. William Hsu and Mr. Cheung Kin Au-Yueng as directors. Xueda also announced that Mr. Gongquan Wang has resigned as a director for personal reasons.
AirMedia Group Inc. (Nasdaq: AMCN) 9.3% HIGHER; could be seeing a little positive movement in delayed reaction to Focus Media (Nasdaq: FMCN), which refuted many of Muddy Waters allegations on Tuesday.
China XD Plastics (Nasdaq: CXDC) 8.7% HIGHER; stock retaking a technical level at $5. Although shares pushed over this level in September, the price couldn't hold. The stock has not been consistently over the $5 level since March.
Inhibitex (Nasdaq: INHX) 7.1% HIGHER; shares continuing higher after catching a bid earlier this week amid the Gilead (Nasdaq: GILD)/Pharmasset (Nasdaq: VRUS) deal.
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School Specialty, Inc. (Nasdaq: SCHS), 20.3% LOWER; continuing lower following yesterday's second-quarter earnings report and cut outlook. Shares fell 26.4 percent Tuesday, and moved an additional 23 percent to $4.01, a new 52-week low.
Country Style Cooking Restaurant Chain (NYSE: CCSC) 15.4% LOWER; stock continuing to plunge following a Q3 miss on the afternoon of November 17th. The stock is down 34 percent since the report.
Phoenix New Media (NYSE: FENG) 14.2% LOWER; reported Q3 EPS of $0.12, 7 cents better than the analyst estimate of $0.05. Revenue for the quarter came in at $42.5 million versus the consensus estimate of $37.85 million. For the fourth quarter of 2011, the Company expects its total revenues to be between RMB247 million and RMB264 million, representing a year-over-year growth of approximately 56 to 67 percent.
China Digital TV Holding Co. (NYSE: STV) 13.7% LOWER; reported Q3 EPS of $0.17, versus $0.17 reported last year. Revenue for the quarter came in at $25.9 million, versus $23.53 million reported last year. Sees Q4 2011 revenue of $25.7-$26.6 million. Based on information available as of November 22, 2011, China Digital TV expects smart card shipments for the fourth quarter of 2011 to be between 4.6 million and 4.8 million.
Yingli Green Energy Holding Co (NYSE: YGE) 11.9% HIGHER; reported Q3 EPS of $0.14, 16 cents better than the analyst estimate of ($0.02). Revenue for the quarter came in at $667.7 million versus the consensus estimate of $659.65 million. Based on current market and operating conditions, estimated production capacity and forecast customer demand, the Company revises its PV module shipment target to be in the estimated range of 1,580 MW to 1,630 MW from the previous expected range of 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 48.8 to 53.5 percent compared to fiscal year 2010.
HKN Inc. (AMEX: HKN) 11.8% HIGHER; continuing to run after breaking above $2.50 on Monday. Shares are up more than 35 percent this week. Late yesterday, the company responded to the market activity, saying it does not comment on market activity.
Xueda Education Group (NYSE: XUE) 10.6% HIGHER; today announced that its board of directors has appointed Mr. William Hsu and Mr. Cheung Kin Au-Yueng as directors. Xueda also announced that Mr. Gongquan Wang has resigned as a director for personal reasons.
AirMedia Group Inc. (Nasdaq: AMCN) 9.3% HIGHER; could be seeing a little positive movement in delayed reaction to Focus Media (Nasdaq: FMCN), which refuted many of Muddy Waters allegations on Tuesday.
China XD Plastics (Nasdaq: CXDC) 8.7% HIGHER; stock retaking a technical level at $5. Although shares pushed over this level in September, the price couldn't hold. The stock has not been consistently over the $5 level since March.
Inhibitex (Nasdaq: INHX) 7.1% HIGHER; shares continuing higher after catching a bid earlier this week amid the Gilead (Nasdaq: GILD)/Pharmasset (Nasdaq: VRUS) deal.
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