Unusual 11 Mid-Day Movers 12/01: MIGP, LTON, REDF, SIFY, BPZ, SOLR Higher; APWR, SCMR, MCOX, CNLG, UTI Lower
Mercer Insurance Group, Inc. (Nasdaq: MIGP) 47.9% HIGHER; announced an agreement to be acquired by United Fire & Casualty Company (Nasdaq: UFCS) for $28.25 per share, or approximately $191 million.
Linktone Ltd. (Nasdaq: LTON) 30.5% HIGHER; reports Q3 non-GAAP EPS of $0.02, versus $0.01 reported for the same period a year ago. Revenue for the quarter was $19.8 million, compared to $16.9 million in Q309. Sees Q410 revs of $20 - $21 million.
A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) 27.5% LOWER; reports Q3non-GAAP EPS of $0.05, versus the analyst estimate of $0.29. Revenue for the quarter was $96.3 million, which compares to the estimate of $144.23 million. Reduces FY10 revs outlook to $310 million, compared to the consensus of $473.54 million.
Rediff.com (Nasdaq: REDF) 16.7% HIGHER; the stocks of India-based companies are outperforming sharply today. The iPath MSCI India Index Fund (NYSE: INP) is up 3% today.
Sycamore Networks, Inc. (Nasdaq: SCMR) 14.8% LOWER; reports Q1 non-GAAP loss of $0.20, versus the analyst estimate of ($0.04). Revenue for the quarter was $11.7 million, which compares to the estimate of $16.95 million. Also announced a $6.50/share cash distribution.
Sify Tech. (Nasdaq: SIFY) 14.9% HIGHER; see Rediff.com.
BPZ Resources, Inc. (NYSE: BPZ) 14.2% HIGHER; announces the Company has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production.
Mecox Lane Limited (Nasdaq: MCOX) 12.9% LOWER; continuing lower today following a 39% drop yesterday. The company reported a Q3 adjusted EPS of $0.00, which was in-line with views despite revs increasing 35.8% to $55.3 million from Q309. Additionally, MCOX sees Q410 net revenues for the online platform segment to be in the range of $43.7 million to $46.2 million; net revenues for the directly operated stores segment to be in the range of $7.8 million to $8.2 million; and net revenues for the franchised stores segment to be in the range of $5.7 million to $6.0 million.
GT Solar International, Inc. (NASDAQ: SOLR) 12% HIGHER; today announced that it has received its first two orders totaling more than $84 million for sapphire crystallization systems. The orders come from Jiangsu Jixing New Material Co., Ltd and Jiujiang Sapphire Tech Co., Ltd. Total annual production capacity of the two orders is approximately eight million two-inch equivalents of sapphire substrates.
Conolog Corp. (Nasdaq: CNLG) 11.1% LOWER; despite a restated third quarter earnings report, which saw the company swing to profit on nearly double the revs, shares sold off shortly afterward following an initial spike.
Universal Technical Institute (NYSE: UTI) 10.2% LOWER; reports Q4 EPS of $0.29, vs. the analyst estimate of $0.40. Revenue for the quarter came in at $119.2 million, versus the consensus estimate of $114.90 million. Saw total student starts of 7,600 during the quarter, with total undergraduate full-time student enrollment at 21,000, up from 18,800 during the same quarter last year. Sees FY11 sales up low double-digits and EPS up about 15-20%.
To get this report daily visit
Linktone Ltd. (Nasdaq: LTON) 30.5% HIGHER; reports Q3 non-GAAP EPS of $0.02, versus $0.01 reported for the same period a year ago. Revenue for the quarter was $19.8 million, compared to $16.9 million in Q309. Sees Q410 revs of $20 - $21 million.
A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) 27.5% LOWER; reports Q3non-GAAP EPS of $0.05, versus the analyst estimate of $0.29. Revenue for the quarter was $96.3 million, which compares to the estimate of $144.23 million. Reduces FY10 revs outlook to $310 million, compared to the consensus of $473.54 million.
Rediff.com (Nasdaq: REDF) 16.7% HIGHER; the stocks of India-based companies are outperforming sharply today. The iPath MSCI India Index Fund (NYSE: INP) is up 3% today.
Sycamore Networks, Inc. (Nasdaq: SCMR) 14.8% LOWER; reports Q1 non-GAAP loss of $0.20, versus the analyst estimate of ($0.04). Revenue for the quarter was $11.7 million, which compares to the estimate of $16.95 million. Also announced a $6.50/share cash distribution.
Sify Tech. (Nasdaq: SIFY) 14.9% HIGHER; see Rediff.com.
BPZ Resources, Inc. (NYSE: BPZ) 14.2% HIGHER; announces the Company has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production.
Mecox Lane Limited (Nasdaq: MCOX) 12.9% LOWER; continuing lower today following a 39% drop yesterday. The company reported a Q3 adjusted EPS of $0.00, which was in-line with views despite revs increasing 35.8% to $55.3 million from Q309. Additionally, MCOX sees Q410 net revenues for the online platform segment to be in the range of $43.7 million to $46.2 million; net revenues for the directly operated stores segment to be in the range of $7.8 million to $8.2 million; and net revenues for the franchised stores segment to be in the range of $5.7 million to $6.0 million.
GT Solar International, Inc. (NASDAQ: SOLR) 12% HIGHER; today announced that it has received its first two orders totaling more than $84 million for sapphire crystallization systems. The orders come from Jiangsu Jixing New Material Co., Ltd and Jiujiang Sapphire Tech Co., Ltd. Total annual production capacity of the two orders is approximately eight million two-inch equivalents of sapphire substrates.
Conolog Corp. (Nasdaq: CNLG) 11.1% LOWER; despite a restated third quarter earnings report, which saw the company swing to profit on nearly double the revs, shares sold off shortly afterward following an initial spike.
Universal Technical Institute (NYSE: UTI) 10.2% LOWER; reports Q4 EPS of $0.29, vs. the analyst estimate of $0.40. Revenue for the quarter came in at $119.2 million, versus the consensus estimate of $114.90 million. Saw total student starts of 7,600 during the quarter, with total undergraduate full-time student enrollment at 21,000, up from 18,800 during the same quarter last year. Sees FY11 sales up low double-digits and EPS up about 15-20%.
To get this report daily visit
You May Also Be Interested In
- UPDATE: NetApp, Inc. (NTAP) Tops Q4 EPS by 3c; Guides Q1 Lower
- UPDATE: Auriga Starts Teva Pharma (TEVA) at Hold; Sidelined Until New CEO Is Convincing
- UPDATE: Nomura Securities Upgrades ASML Inc. (ASML) to Buy; Revenue Outlook Underestimated
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Unusual 11 Mid-Day Movers, Earnings, Mercer Insurance/United Fire & CasualtySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
