Unusual 11 Mid-Day Movers 1/16: TRA, AVD, FHN, PSD Higher; RDEN, TONE, BCS, AIB Lower
Up)
Elizabeth Arden, Inc. (Nasdaq: RDEN) 38.6% LOWER; sees Q2 net sales in the range of $365 million to $370 million. The Wall Street consensus is $424.5 million. Elizabeth Arden sees Q2 EPS of $0.57 to $0.61 per diluted share, or $0.72 to $0.76 per diluted share, excluding the estimated unfavorable impact of foreign currency of approximately $0.15 per diluted share. This compares to prior guidance of $1.00 to $1.10 per diluted share, excluding an unfavorable impact of foreign currency of $0.11 per diluted share. The Wall Street consensus was $0.94.
TierOne Corporation (NASDAQ: TONE) 35.5% LOWER; announced yesterday the Bank has entered into a supervisory agreement with the Office of Thrift Supervision, the Bank's primary federal regulator, setting forth steps the Bank is taking in response to regulatory concerns with its previous operating results and to address the current economic environment facing the banking and financial industry.
Barclays plc (NYSE: BCS) 25% LOWER; Barclay's is under heavy pressure today, with plenty of rumors to go around. Click here for the full report.
Allied Irish Banks plc (NYSE: AIB) 23.1% LOWER; Irish banks are falling sharply today, following news yesterday that the embattled Anglo Irish Bank will be nationalized.
Terra Industries Inc. (NYSE: TRA) 18.2% HIGHER; CF Industries Holdings, Inc. (NYSE: CF) announced an offer to acquire all of the outstanding common shares of Terra Industries in a stock deal worth $2.1 billion.
Belden (NYSE: BDC) 12% LOWER; falling once again today following news yesterday that Belden has revised lower its Q4 and FY08 outlook to reflect the global economic downturn. Shares of Belden only fell 1% on the warning yesterday.
American Vanguard Corp. (NYSE: AVD) 16.6% HIGHER; will replace ArthroCare Corp. (NASDAQ: ARTC) in the S&P SmallCap 600 after the close of trading on Tuesday, January 20, 2009.
First Horizon National Corp. (NYSE: FHN) 16.4% HIGHER; reports a Q4 loss of $0.27, 7 cents better than estimates. The net charge-off ratio was 361 basis points in fourth quarter 2008 compared to 284 basis points in the prior quarter as net charge-offs increased to $191.2 million from $154.7 million in third quarter 2008.
Puget Energy (NYSE: PSD) 12.8% HIGHER; Puget Holdings LLC, a group of long-term infrastructure investors, and Puget Energy today announced they expect to close Puget Holdings' $7.4 billion purchase of Puget Energy and its wholly-owned utility subsidiary, Puget Sound Energy, by Feb. 6, 2009.
DexCom (Nasdaq: DXCM) 9.6% HIGHER; continuing higher today following late intraday news yesterday that the company sees better than expected Q4 sales. Click here for the full report.
US Airways (NYSE: LCC) 8.9% HIGHER; the stock declined drastically in the last 20 minutes of trading yesterday on reports that a US Airways Airbus went down in the Hudson River. As more developments came out, traders learned that the crash occurred due to a flock of geese which went through an engine and, thanks to a quick-thinking pilot, the plane crash-landed without an deaths and only very limited injuries.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
TierOne Corporation (NASDAQ: TONE) 35.5% LOWER; announced yesterday the Bank has entered into a supervisory agreement with the Office of Thrift Supervision, the Bank's primary federal regulator, setting forth steps the Bank is taking in response to regulatory concerns with its previous operating results and to address the current economic environment facing the banking and financial industry.
Barclays plc (NYSE: BCS) 25% LOWER; Barclay's is under heavy pressure today, with plenty of rumors to go around. Click here for the full report.
Allied Irish Banks plc (NYSE: AIB) 23.1% LOWER; Irish banks are falling sharply today, following news yesterday that the embattled Anglo Irish Bank will be nationalized.
Terra Industries Inc. (NYSE: TRA) 18.2% HIGHER; CF Industries Holdings, Inc. (NYSE: CF) announced an offer to acquire all of the outstanding common shares of Terra Industries in a stock deal worth $2.1 billion.
Belden (NYSE: BDC) 12% LOWER; falling once again today following news yesterday that Belden has revised lower its Q4 and FY08 outlook to reflect the global economic downturn. Shares of Belden only fell 1% on the warning yesterday.
American Vanguard Corp. (NYSE: AVD) 16.6% HIGHER; will replace ArthroCare Corp. (NASDAQ: ARTC) in the S&P SmallCap 600 after the close of trading on Tuesday, January 20, 2009.
First Horizon National Corp. (NYSE: FHN) 16.4% HIGHER; reports a Q4 loss of $0.27, 7 cents better than estimates. The net charge-off ratio was 361 basis points in fourth quarter 2008 compared to 284 basis points in the prior quarter as net charge-offs increased to $191.2 million from $154.7 million in third quarter 2008.
Puget Energy (NYSE: PSD) 12.8% HIGHER; Puget Holdings LLC, a group of long-term infrastructure investors, and Puget Energy today announced they expect to close Puget Holdings' $7.4 billion purchase of Puget Energy and its wholly-owned utility subsidiary, Puget Sound Energy, by Feb. 6, 2009.
DexCom (Nasdaq: DXCM) 9.6% HIGHER; continuing higher today following late intraday news yesterday that the company sees better than expected Q4 sales. Click here for the full report.
US Airways (NYSE: LCC) 8.9% HIGHER; the stock declined drastically in the last 20 minutes of trading yesterday on reports that a US Airways Airbus went down in the Hudson River. As more developments came out, traders learned that the crash occurred due to a flock of geese which went through an engine and, thanks to a quick-thinking pilot, the plane crash-landed without an deaths and only very limited injuries.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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