Unusual 11 Mid-Day Movers 12/04: BIG, FLOW, SNV, OCLS Higher; TTWO, ZIOP, VSNT, SWHC Lower
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Take-Two Interactive Software, Inc. (NASDAQ: TTWO) 28.3% LOWER; sees Q4 revs of $325-$350 million, versus the consensus of $371 million. Sees Non-GAAP EPS of $0.05-$0.10, versus the consensus of $0.33. Sees FY revs of $950-$975 million, versus the consensus of $995.1 million. Sees EPS of $(1.10) to $(1.15), versus the consensus of $(0.85). The Company expects to report a non-GAAP net loss per share for fiscal 2010 in the range of $0.40 to $0.60 on $1.0 billion to $1.2 billion in revenue. The consensus is $0.64 and $1.24 billion, respectively. Take-Two's preliminary forecast for the fiscal first quarter is for a non-GAAP net loss per share in the range of $(0.40) to $(0.50) on $210 million to $260 million in revenue. The consensus is $(0.26) and $244.2 million, respectively. Click here for the full report. The stock has been downgraded at numerous firms, including Piper Jaffray, Wells Fargo, Brean Murray and Kaufman. Click here to see all the analyst downgrades today.
ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP) 19.4% LOWER; announced the pricing of its previously announced underwritten public offering of 15,484,000 shares of its common stock and warrants to purchase 7,742,000 shares of its common stock at a public offering price of $3.10 per unit. The warrants, which represent the right to acquire 0.50 of a share of the Company's common stock for each share of common stock purchased in the offering, will have a five-year term from the date of issuance and will be exercisable at a price of $4.02 per share.
Versant Corporation (Nasdaq: VSNT) 18.1% LOWER; reports Q4 EPS of $0.45, compared to $0.59 in the same quarter last year. Revenue for the quarter was $4.1 million, versus $6 million in Q408. Versant's Board of Directors has approved a new stock repurchase program. Under the program, Versant is authorized to repurchase up to $5.0 million worth of its outstanding common shares from time to time on the open market, in block trades or otherwise. Sees FY10 sales unchanged from '09.
Smith & Wesson Holding Corporation (NASDAQ: SWHC) 17.1% LOWER; reports Q2 adjusted EPS of $0.10, 1 cent better than the analyst estimate of $0.09. Revenue for the quarter was $108.8 million, which compares to the estimate of $104.90 million. Sees Q309 Sales $90 - $95 million, versus $104.7 million consensus.
Big Lots, Inc. (NYSE: BIG) 15.6% HIGHER; reports Q3 adjusted EPS of $0.27, 9 cents better than the analyst estimate of $0.18. Revenue for the quarter was $1.04 billion, which compares to the estimate of $1.02 billion. Raises Q409 EPS to $1.09 - $1.14 and FY09 EPS to $2.15 - $2.20. Consensus is $1.04 and $2.01, respectively. The Board of Directors also authorized a $150 million share repurchase program.
Flow International Corp. (NASDAQ: FLOW) 15.2% HIGHER; reports Q2 EPS of $0.01, 3 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $42 million, which compares to the estimate of $38.7 million.
Synovus Financial (NYSE: SNV) 14.7% HIGHER; upgraded at FBR this morning. Click here for more color.
Oculus Innovative Sciences (Nasdaq: OCLS) 13.8% HIGHER; continuing higher today following yesterday's 20% jump amid the unveiling of its expanded regulatory/commercial pipeline for its Microcyn-based products.
Steris Corp. (NYSE: STE) 13.2% LOWER; tumbling after an FDA notice concerning the STERIS System 1 Processor. Click here to see the letter.
Spherion (NYSE: SFN) 11% HIGHER; Staffing service companies are higher today following the better than expected job loss number. Here are some others.
OfficeMax Inc. (NYSE: OMX) 8.9% HIGHER; Office supplies companies higher on jobs report, which showed we are getting closer to job creation. Here are some other stocks moving for similar reasons.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP) 19.4% LOWER; announced the pricing of its previously announced underwritten public offering of 15,484,000 shares of its common stock and warrants to purchase 7,742,000 shares of its common stock at a public offering price of $3.10 per unit. The warrants, which represent the right to acquire 0.50 of a share of the Company's common stock for each share of common stock purchased in the offering, will have a five-year term from the date of issuance and will be exercisable at a price of $4.02 per share.
Versant Corporation (Nasdaq: VSNT) 18.1% LOWER; reports Q4 EPS of $0.45, compared to $0.59 in the same quarter last year. Revenue for the quarter was $4.1 million, versus $6 million in Q408. Versant's Board of Directors has approved a new stock repurchase program. Under the program, Versant is authorized to repurchase up to $5.0 million worth of its outstanding common shares from time to time on the open market, in block trades or otherwise. Sees FY10 sales unchanged from '09.
Smith & Wesson Holding Corporation (NASDAQ: SWHC) 17.1% LOWER; reports Q2 adjusted EPS of $0.10, 1 cent better than the analyst estimate of $0.09. Revenue for the quarter was $108.8 million, which compares to the estimate of $104.90 million. Sees Q309 Sales $90 - $95 million, versus $104.7 million consensus.
Big Lots, Inc. (NYSE: BIG) 15.6% HIGHER; reports Q3 adjusted EPS of $0.27, 9 cents better than the analyst estimate of $0.18. Revenue for the quarter was $1.04 billion, which compares to the estimate of $1.02 billion. Raises Q409 EPS to $1.09 - $1.14 and FY09 EPS to $2.15 - $2.20. Consensus is $1.04 and $2.01, respectively. The Board of Directors also authorized a $150 million share repurchase program.
Flow International Corp. (NASDAQ: FLOW) 15.2% HIGHER; reports Q2 EPS of $0.01, 3 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $42 million, which compares to the estimate of $38.7 million.
Synovus Financial (NYSE: SNV) 14.7% HIGHER; upgraded at FBR this morning. Click here for more color.
Oculus Innovative Sciences (Nasdaq: OCLS) 13.8% HIGHER; continuing higher today following yesterday's 20% jump amid the unveiling of its expanded regulatory/commercial pipeline for its Microcyn-based products.
Steris Corp. (NYSE: STE) 13.2% LOWER; tumbling after an FDA notice concerning the STERIS System 1 Processor. Click here to see the letter.
Spherion (NYSE: SFN) 11% HIGHER; Staffing service companies are higher today following the better than expected job loss number. Here are some others.
OfficeMax Inc. (NYSE: OMX) 8.9% HIGHER; Office supplies companies higher on jobs report, which showed we are getting closer to job creation. Here are some other stocks moving for similar reasons.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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