Unusual 11 Mid-Day Movers 5/13: IOMI, CSIQ, FSYS, WCI, USNA Higher; NXTM, USS, CRZ, IMB Lower

May 13, 2008 1:57 PM EDT

Iomai Corporation (Nasdaq: IOMI) 116.8% HIGHER; Intercell AG and Iomai entered into a definitive agreement pursuant to which Intercell will acquire Iomai for USD 6.60 per share representing a fully diluted equity value of approximately USD 189 million.

Canadian Solar (Nasdaq: CSIQ) 28.6% HIGHER; reports Q1 earnings of $0.61 per share, 30 cents better than the consensus of $0.31. Revenues came in at $171.2 million, versus the consensus of $151.9 million. Sees Q2 revenues of $185-$190 million, versus the consensus of $167.62 million.

NxStage Medical, Inc. (Nasdaq: NXTM) 28.2% LOWER; reports a Q1 loss of $0.38, 1 cent better than the analyst estimate of ($0.39). Revenues for the quarter were $31 million, versus the consensus of $30.01 million. Sees FY08 $1.41-$1.52 versus $1.42 consensus. Analysts at William Blair and Canaccord Adams downgraded the stock to Market Perform and Hold, respectively.

U.S. Shipping Partners L.P. (NYSE: USS) 27.3% LOWER; reports a Q1 loss of $0.31, versus the analyst estimate of ($0.09). Voyage revenues for the quarter were $51.5 million, versus the consensus of $42.10 million.

Fuel Systems Solutions, Inc. (Nasdaq: FSYS) 26.2% HIGHER; reports Q1 EPS of $0.40, 22 cents better than estimates. Revenues were $94.6 million vs. $74.81 million consensus. Based on its current assessment of near-term market trends, the company is increasing its full year 2008 consolidated revenue guidance to $320 million and maintaining its gross profit margin of approximately 24 percent and operating margin of approximately nine percent. (FY08 revenue consensus is $304.83 million)

WCI Communities (NYSE: WCI) 24.7% HIGHER; shares of WCI have been beaten down recently: the stock fell nearly 25% yesterday and since Monday of last week shares are down about 50%. With so much downside in the last week or so of trading, today's sharp move could be seen as a correction by the market.

USANA Health Sciences, Inc. (Nasdaq: USNA) 22.9% HIGHER; today announced that Gull Holdings intends to make an offer to USANA shareholders to acquire all of the outstanding shares that Gull Holdings and the other participants in the offer do not already own, for cash at a per share offer price of $26.00.

Crystal River Capital (NYSE: CRZ) 22.6% LOWER; reports a Q1 loss of $5.56, compared to a $0.30 profit in the same quarter last year.

IndyMac Bancorp, Inc. (NYSE: IMB) 21.6% LOWER; after reporting a Q1 loss of $2.27 and suspending its dividend payment yesterday morning, shares of IndyMac continue to slide today.

Western Refining, Inc. (NYSE: WNR) 19.7% LOWER; reports a Q1 loss of $0.60, versus the analyst estimate of ($0.09). Revenues for the quarter were $2.56 billion, compared to sales of $994.02 million in the same quarter last year. Also, an analyst at Caris & Company downgraded the stock from Average to Sell.

Fluor Corporation (NYSE: FLR) 14% HIGHER; reports Q1 EPS of $1.50, 23 cents better than the analyst estimate of $1.27. Revenues for the quarter were $4.8 billion, versus the consensus of $4.64 billion. Raises FY08 EPS guidance to $6.25-$6.55, versus the consensus of $5.63.

Related Categories

Special Reports

Stocks Mentioned

Related Entities

• William Blair
• Canaccord Adams

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?