Unusual 11 Mid-Day Movers 2/2: AIB, HGSI, IRE, BEAV Higher; CORS, CTBK, DRYS, ADCT Lower
Corus Bankshares, Inc. (Nasdaq: CORS) 41.3% LOWER; issued preliminary results Friday after the close. Sees Q4 loss of $4.85, compared to a gain of $0.03 in the same quarter last year. The Street is currently expecting a Q4 loss of $2.19.
City Bank (NASDAQ: CTBK) 41.3% LOWER; reports Q4 loss of $2.53, compared to a gain of $0.65 in the same quarter last year.
Allied Irish Bank (NYSE: AIB) 24.1% HIGHER; the stock is surging today on a report out of the Irish Times that the government of Ireland is expected to inject $10.3 billion in Allied later this week.
DryShips (Nasdaq: DRYS) 23.2% LOWER; traders are still out in force this week selling shares of DryShips following a covenant breach and announced equity offering last week. The stock has fallen by more than 60% in the last 3 trading days.
ADC (NASDAQ: ADCT) 22.1% LOWER; updated first quarter fiscal 2009 guidance. Sees sale $240-255 million, versus prior guidance of $255-290 million. Sees GAAP diluted loss per share of $(0.17) – $(0.23), versus prior guidance of $(0.05) - $(0.17).
Human Genome Sciences, Inc. (NASDAQ: HGSI) 16.6% HIGHER; today announced that it has begun delivery of 20,000 doses of its human monoclonal antibody drug ABthrax(TM) (raxibacumab) to the U.S. Strategic National Stockpile for use in the treatment of inhalation anthrax.
Bank of Ireland (NYSE: IRE) 16% HIGHER; seeing upside for similar reasons as Allied Irish Bank.
BE Aerospace (Nasdaq: BEAV) 14.8% HIGHER; reports Q4 earnings of $0.53 per share, ex-items, above the consensus of $0.46. Revenues came in at $526.8 million, versus the consensus of $595.1 million. BE Aerospace FY09 EPS are expected to be slightly lower compared than $2.00 per diluted share, versus the consensus of $1.88. FY09 revenues are expected to be slightly higher compared with 2008.
Mattel (NYSE: MAT) 14.7% LOWER; reports Q4 earnings of $0.49 per share, well below the consensus of $0.72. Revenues fell 11% to $1.94 billion, versus the consensus of $2.2 billion.
Hartford Financial (NYSE: HIG) 11.7% HIGHER; seeing upside today on the back of a positive Barron's article.
Scientific Games (Nasdaq: SGMS) 9.4% HIGHER; upgraded from Neutral to Buy at Goldman Sachs.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
City Bank (NASDAQ: CTBK) 41.3% LOWER; reports Q4 loss of $2.53, compared to a gain of $0.65 in the same quarter last year.
Allied Irish Bank (NYSE: AIB) 24.1% HIGHER; the stock is surging today on a report out of the Irish Times that the government of Ireland is expected to inject $10.3 billion in Allied later this week.
DryShips (Nasdaq: DRYS) 23.2% LOWER; traders are still out in force this week selling shares of DryShips following a covenant breach and announced equity offering last week. The stock has fallen by more than 60% in the last 3 trading days.
ADC (NASDAQ: ADCT) 22.1% LOWER; updated first quarter fiscal 2009 guidance. Sees sale $240-255 million, versus prior guidance of $255-290 million. Sees GAAP diluted loss per share of $(0.17) – $(0.23), versus prior guidance of $(0.05) - $(0.17).
Human Genome Sciences, Inc. (NASDAQ: HGSI) 16.6% HIGHER; today announced that it has begun delivery of 20,000 doses of its human monoclonal antibody drug ABthrax(TM) (raxibacumab) to the U.S. Strategic National Stockpile for use in the treatment of inhalation anthrax.
Bank of Ireland (NYSE: IRE) 16% HIGHER; seeing upside for similar reasons as Allied Irish Bank.
BE Aerospace (Nasdaq: BEAV) 14.8% HIGHER; reports Q4 earnings of $0.53 per share, ex-items, above the consensus of $0.46. Revenues came in at $526.8 million, versus the consensus of $595.1 million. BE Aerospace FY09 EPS are expected to be slightly lower compared than $2.00 per diluted share, versus the consensus of $1.88. FY09 revenues are expected to be slightly higher compared with 2008.
Mattel (NYSE: MAT) 14.7% LOWER; reports Q4 earnings of $0.49 per share, well below the consensus of $0.72. Revenues fell 11% to $1.94 billion, versus the consensus of $2.2 billion.
Hartford Financial (NYSE: HIG) 11.7% HIGHER; seeing upside today on the back of a positive Barron's article.
Scientific Games (Nasdaq: SGMS) 9.4% HIGHER; upgraded from Neutral to Buy at Goldman Sachs.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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