Unusual 11 Mid-Day Movers 11/23: ASTC, BWS, JCG, DY, GCO, BIG Higher; IRE, AIB, WH, PHHM, CISG Lower
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Astrotech Corporation (Nasdaq: ASTC) 60.7% HIGHER; announced Tuesday that it has won a fully-funded task order under the $35 million Vandenberg Air Force Base indefinite delivery, indefinite quantity contract.
Bank of Ireland (NYSE: IRE) 22.8% LOWER; continuing lower today as fears related to European debt contagion are back in full force. Traders are talking about Portugal and Spain next. PIMCO's Mohamed El-Erian has said that political risk in Ireland is going up.
Allied Irish Banks (NYSE: AIB) 18.4% LOWER; see Bank of Ireland.
Brown Shoe (NYSE: BWS) 18.1% HIGHER; reports Q3 adjusted EPS of $0.45, 7 cents better than the analyst estimate of $0.38. Revenue for the quarter was $716.1 million, which compares to the estimate of $700.55 million. Sees FY10 adjusted EPS of $1.00 - $1.05, compared to the consensus of $0.84. Also sees FY11 revs growing low-to-mid-single digit range and an EPS of $1.31 - $1.43, versus the consensus EPS of $1.10.
WSP Holdings Ltd. (NYSE: WH) 17.2% LOWER; reports Q3 loss of $0.13, versus the analyst estimate of ($0.10). Revenue for the quarter came in at $136.98 million, versus the consensus estimate of $120.00 million.
J. Crew Group, Inc. (NYSE: JCG) 16.4% HIGHER; reports Q3 EPS of $0.58, 4 cents better than the analyst estimate of $0.54. Revenue for the quarter was $429.3 million, which compares to the estimate of $430.89 million. Comps up 8%. Additionally, TPG Capital and Leonard Green & Partners entered an agreement to acuqire J. Crew for $43.50 per common share in cash.
Palm Harbor Homes Inc. (Nasdaq: PHHM) 15.7% LOWER; might be seeing even more weakness today from housing numbers showing a 2.2% sequential drop in existing home sales, continuing the trend following their third quarter earnings report.
Cninsure Inc. (Nasdaq: CISG) 11.5% LOWER; reports Q3 EPS of $0.33, 3 cents better than the analyst estimate of $0.30. Revenue for the quarter came in at $58.0 million, versus the consensus estimate of $58.18 million. Net income expected to grow 32% in Q410.
Dycom Industries, Inc. (NYSE: DY) 8.5% HIGHER; reports Q1 EPS of $0.15, ex-items, 5 cents better than the analyst estimate of $0.10. Revenue for the quarter came in at $261.6 million, versus the consensus estimate of $254.33 million. Also, authorizes an additional $20 million to the company's stock repurchase plan.
Genesco Inc. (NYSE: GCO) 6.50% HIGHER; reports Q3 adjusted EPS of $0.77, 18 cents better than the analyst estimate of $0.59. Revenue for the quarter came in at $464.8 million, versus the consensus estimate of $418.82 million. Increases FY11 outlook from $2.10 - $2.20 to $2.38 - $2.43. Consensus is expecting an EPS of $2.23.
Big Lots Inc. (NYSE: BIG) 5.4% HIGHER; Buckingham Research upgrades from Neutral to Buy, with a price target of $35.
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Bank of Ireland (NYSE: IRE) 22.8% LOWER; continuing lower today as fears related to European debt contagion are back in full force. Traders are talking about Portugal and Spain next. PIMCO's Mohamed El-Erian has said that political risk in Ireland is going up.
Allied Irish Banks (NYSE: AIB) 18.4% LOWER; see Bank of Ireland.
Brown Shoe (NYSE: BWS) 18.1% HIGHER; reports Q3 adjusted EPS of $0.45, 7 cents better than the analyst estimate of $0.38. Revenue for the quarter was $716.1 million, which compares to the estimate of $700.55 million. Sees FY10 adjusted EPS of $1.00 - $1.05, compared to the consensus of $0.84. Also sees FY11 revs growing low-to-mid-single digit range and an EPS of $1.31 - $1.43, versus the consensus EPS of $1.10.
WSP Holdings Ltd. (NYSE: WH) 17.2% LOWER; reports Q3 loss of $0.13, versus the analyst estimate of ($0.10). Revenue for the quarter came in at $136.98 million, versus the consensus estimate of $120.00 million.
J. Crew Group, Inc. (NYSE: JCG) 16.4% HIGHER; reports Q3 EPS of $0.58, 4 cents better than the analyst estimate of $0.54. Revenue for the quarter was $429.3 million, which compares to the estimate of $430.89 million. Comps up 8%. Additionally, TPG Capital and Leonard Green & Partners entered an agreement to acuqire J. Crew for $43.50 per common share in cash.
Palm Harbor Homes Inc. (Nasdaq: PHHM) 15.7% LOWER; might be seeing even more weakness today from housing numbers showing a 2.2% sequential drop in existing home sales, continuing the trend following their third quarter earnings report.
Cninsure Inc. (Nasdaq: CISG) 11.5% LOWER; reports Q3 EPS of $0.33, 3 cents better than the analyst estimate of $0.30. Revenue for the quarter came in at $58.0 million, versus the consensus estimate of $58.18 million. Net income expected to grow 32% in Q410.
Dycom Industries, Inc. (NYSE: DY) 8.5% HIGHER; reports Q1 EPS of $0.15, ex-items, 5 cents better than the analyst estimate of $0.10. Revenue for the quarter came in at $261.6 million, versus the consensus estimate of $254.33 million. Also, authorizes an additional $20 million to the company's stock repurchase plan.
Genesco Inc. (NYSE: GCO) 6.50% HIGHER; reports Q3 adjusted EPS of $0.77, 18 cents better than the analyst estimate of $0.59. Revenue for the quarter came in at $464.8 million, versus the consensus estimate of $418.82 million. Increases FY11 outlook from $2.10 - $2.20 to $2.38 - $2.43. Consensus is expecting an EPS of $2.23.
Big Lots Inc. (NYSE: BIG) 5.4% HIGHER; Buckingham Research upgrades from Neutral to Buy, with a price target of $35.
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Existing-Home Sales, Pacific Investment Management Company, LLC (PIMCO), Leonard Green & Partners, Buckingham Research, Unusual 11 Mid-Day Movers, Mohamed El-Erian, Stock Buyback, Earnings
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