Unusual 11 Mid-Day Movers 2/4: HDNG, AFFX, CYCC, DCTH, EDZ Higher; LAD, DBTK, MWW, SPR Lower
Hardinge Inc. (Nasdaq: HDNG) 46.7% HIGHER; Industrias Romi S.A. announced that it has submitted an all-cash offer to the Board of Directors of Hardinge to acquire all of the outstanding shares of Hardinge for $8.00 per share.
Affymetrix (NASDAQ: AFFX) 31.6% HIGHER; reports Q4 EPS of $0.04, versus the analyst estimate of ($0.10). Revenue for the quarter was $88.8 million, which compares to the estimate of $82.87 million. The stock was also upgraded to Neutral at JPMorgan.
Lithia Motors, Inc. (NYSE: LAD) 23.6% LOWER; sees Q4 adj-EPS of $0.00-$0.02, with same store sales of new vehicles up about 1.2%. The Street is currently looking for Q4 EPS of $0.16. Sees Q1 EPS of $0.04-$0.06. Sees FY10 EPS of $0.55-$0.63, which compares to the Street estimate of $0.88, on sales of $1.8-$1.85 billion, versus the analyst estimate of $1.69 billion.
Double-Take Software, Inc. (NASDAQ: DBTK) 21% LOWER; reports Q4 EPS of $0.08 ex-items, versus the analyst estimate of $0.13. Revenue for the quarter was $22.8 million, which compares to the estimate of $23.23 million. Sees Q110 adj EPS of $0.02 - $0.04, versus $0.09 consensus. And Q110 sales of $20 - $21.2 million, versus $21.3 million consensus. Also sees FY10 EPS $0.29 - $0.39, versus $0.52 consensus. And Fy10 sales $90 - $95 million, versus $93.8 million consensus. The stock was also downgraded at Thomas Weisel.
Monster Worldwide (NYSE: MWW) 19.9% LOWER; reports Q4 loss of of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter was $213 million, which compares to the estimate of $212.25 million. In pact to buy HotJobs from Yahoo! (Nasdaq: YHOO) for $225 million. The stock was also downgraded to Sell at Deutsche Bank.
Spirit AeroSystems Holdings, Inc (NYSE: SPR) 17.2% LOWER; reports Q4 EPS of $0.53, ex-items, 1 cents below the analyst estimate of $0.54. Revenue for the quarter was $1.08 billion, which compares to the estimate of $1.13 billion. Spirit revenue guidance for the full-year 2010 is expected to be between $4.0 and $4.2 billion, versus the consensus of $4.14 billion. Sees EPS between $1.50 and $1.70 per share, versus the consensus of $1.87.
Aviat Networks, Inc. (Nasdaq: AVNW) 16.2% LOWER; reports Q2 EPS of $0.01, ex-items, 1 cent lower than the analyst estimate of $0.02. Revenue for the quarter was $122.6 million, which compares to the estimate of $129.64 million. The stock was also downgraded to Hold at Needham & Company.
Cyclacel Pharmaceuticals (Nasdaq: CYCC) 13.6% HIGHER; Roth Capital initiates coverage on with a Buy. Price target $7. Click here to see more color.
Delcath Systems, Inc. (NASDAQ: DCTH) 13.4% HIGHER; announced today that sufficient events have been reached to allow data analysis to begin on its Phase III trial. The trial uses the drug melphalan to treat patients with metastatic melanoma in the liver. Click here to see the full report.
Direxion Daily Emerging Markets Bear 3x ETF (NYSE: EDZ) 12.1% HIGHER; debt concerns in Greece, Dubai, etc. have now spread to other European markets. Today Spain and Portugal are the sovereign concerns. Traders are likely trading this emerging market ETF as a play on these concerns.
ProShares UltraShort Silver ETF (NYSE: ZSL) 11.8% HIGHER; the price of silver has slid more than 4% today. Gold is also down big; about $50 to around $1,061.
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