Unusual 11 Mid-Day Movers 5/5: ATRC, ALY, PEGA, ALD Higher; HLIT, PQ, HOLX, LM Lower

May 5, 2009 12:40 PM EDT

AtriCure, Inc. (Nasdaq: ATRC) 71.4% HIGHER; reports Q1 adj-loss of $0.08, versus the analyst estimate of ($0.19). Revenue for the quarter was $13.7 million, versus the consensus of $12.72 million. On May 1, 2009 the Company entered into a $10 million credit facility with Silicon Valley Bank.

Allis-Chalmers Energy (NYSE: ALY) 29.5% HIGHER; despite an Q4 earnings miss reported yesterday morning, shares of Allis-Chalmers surged more than 40%. Upside momentum is continuing today.

Pegasystems Inc. (NASDAQ: PEGA) 28.8% HIGHER; reports Q1 EPS of $0.23, 13 cents better than the analyst estimate of $0.10. Revenue for the quarter was $62.4 million, compared to $48.48 million in the same quarter last year.

Harmonic (Nasdaq: HLIT) 23.3% LOWER; reports Q1 EPS of $0.04, ex-items, 1 cent lower than the analyst estimate of $0.05. Revenue for the quarter was $678 million, versus the consensus of $75.17 million. Sees Q2 revs of $72-$78 million, versus the consensus of $80.4 million.


PetroQuest Energy (NYSE: PQ) 22.4% LOWER; reports Q1 EPS of ($1.36), versus the analyst estimate of $0.04. Revenue for the quarter was $59.23 million, versus the consensus of $59.16 million.

Hologic (Nasdaq: HOLX) 22.1% LOWER; reports Q2 EPS of $0.29, ex-items, 2 cents better than the analyst estimate of $0.27. Revenue for the quarter was $402 million, versus the consensus of $405.10 million. Sees Q3 EPS of $0.25-$0.27, versus the Street estimate of $0.27 and revs of $390-$400 million, versus the consensus of $409 million. Sees FY09 EPS of $1.10-$1.15, versus the consensus of $1.12 and revs of $1.625-$165 billion, versus the Street estimate of $1.66 billion. The stock was also downgraded at Oppenheimer, Morgan Stanley and Soleil. To see those reports, visit our Analyst Ratings page for Hologic.

Allied Capital (NYSE: ALD) 21.4% HIGHER; upside momentum in this stock is continuing this week. Shares of Allied have not closed in the red since April 27, marking a 130% gain in 6 trading days. The stock has heavy trading volume today.

MannKind (Nasdaq: MNKD) 20.7% HIGHER; following Q1 results yesterday, shares of MannKind are moving higher on the back of its Form 10-Q, which was filed last night after the close.

Strategic Hotels & Resorts (NYSE: BEE) 19.3% HIGHER; after jumping over the $1.00 level yesterday, shares are continuing higher today.

Legg Mason Inc. (NYSE: LM) 17.7% LOWER; reports a Q4 loss of $2.29, versus the consensus of a $2.33 loss. Revenues came in at $617.2 million, versus the consensus of $611.14 million. Legg Mason also cut its dividend to $0.03 per share, versus its last quarter dividend of $0.24 per share.

NetSuite Inc. (NYSE: N) 15.9% LOWER; reports Q1 EPS of $0.02, ex-items, 2 cents better than the analyst estimate of $0.00. Revenue for the quarter was $41.6 million, versus the consensus of $42 million. Piper Jaffray also downgraded the stock to Sell.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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