Unusual 11 Mid-Day Movers 5/6: IAR, IPHS, RAS, CRBC Higher; OMPI, IBI, DSCM, PSS Lower

May 6, 2008 1:31 PM EDT

Idearc Inc. (NYSE: IAR) 33.3% HIGHER; reports Q1 EPS of $0.79, 16 cents better than the analyst estimate of $0.63. Revenues for the quarter were $770 million, versus the consensus of $775.65 million.

Innophos (Nasdaq: IPHS) 21.3% HIGHER; reports Q1 EPS of $0.43, 20 cents better than the analyst estimate of $0.23. Revenues for the quarter were $162.5 million, versus the consensus of $161.38 million.

Obagi Medical Products (Nasdaq: OMPI) 20.8% LOWER; reports Q1 EPS of $0.13, 5 cents below the analyst estimate of $0.18. Revenues for the quarter were $25.4 million, versus the consensus of $27.14 million. Sees Q2 revenues $27-$28 million versus $29.9 million. Sees Q2 eps 18-20 cents versus 24 cents. Sees full year revenues $113-117 versus $120.7 million. Sees 81-85 cents versus 94 cents consensus.

RAIT Financial Trust (NYSE: RAS) 18.2% HIGHER; reports Q1 adj-EPS of $0.52, compared to EPS of $0.65 in the same quarter last year. Revenues for the quarter came in at $53.25 million, versus the consensus of $56.73 million.

Citizens Republic Bancorp, Inc (Nasdaq: CRBC) 17.6% HIGHER; upgraded to Outperform at Oppenheimer and Keefe Bruyette & Woods.

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Qimonda (NYSE: QI) 17% HIGHER; LDK Solar (NYSE: LDK) announced that it has signed a five-year contract to supply multicrystalline solar wafers to Qimonda AG. LDK will deliver about 540 MW of multicrystalline solar wafers to Qimonda.

Comstock Resources (NYSE: CRK) 16% HIGHER; reports Q1 earnings of $0.91 per share, above the consensus of $0.67. Revenues came in at $240.99 million, versus the consensus of $213.10 million. Also upgraded to Outperform at BMO Capital.

Interline Brands, Inc. (NYSE: IBI) 15.6% LOWER; reports Q1 EPS of $0.27, 3 cents worse than the analyst estimate of $0.30. Revenues for the quarter came in at $289.1 million, versus the consensus of $300.42 million. Additionally, S&P Equity issued a research report this morning reiterating its Sell rating on Interline, following the soft earnings report.

drugstore.com (Nasdaq: DSCM) 14.3% LOWER; reports a Q1 loss of $0.03, 1 cent lower than the analyst estimate of ($0.02). Revenues for the quarter were $120.6 million, versus the consensus of $119.96 million. Canaccord Adams removed the stock from its Best Idea List.

Collective Brands, Inc. (NYSE: PSS) 12.7% LOWER; understands that a verdict of $305 million has been reached in the previously disclosed adidas matter pending in the federal court in Portland, Oregon. The Company is reviewing the verdict and assessing its impact. The Company believes that the verdict was excessive and unjustified. The Company will ask the court to set aside the verdict and, if it is not granted, intends to take all necessary steps to overturn it.

Perrigo Co. (Nasdaq: PRGO) 11.8% LOWER; reports Q3 EPS of $0.47, 5 cents better than the analyst estimate of $0.42. Revenues for the quarter were $503.71 million, versus the consensus of $450.62 million. Sees FY08 EPS of $1.55-$1.60, versus the Street consensus of $1.59.

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• Keefe, Bruyette & Woods
• Canaccord Adams
• BMO Capital
• Scopia Capital

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