Pre-Open Movers 8/26: Cott (COT) Down After Lower Guidance; Daktronics (DAKT) Higher After Results

August 26, 2008 9:23 AM EDT

StreetInsider.com Pre-Open Movers:

Cott Corporation (NYSE: COT) 17% LOWER; announced a lower full-year 2008 adjusted operating profit target of between 28% below and 5% above its 2007 adjusted operating profit, which was $36.3 million. The company also withdrew the previously communicated adjusted operating profit target for 2009.

Darden Restaurants, Inc. (NYSE: DRI) 12% LOWER; sees Q1 non-GAAP EPS in the range of $0.60-$0.62, versus the consensus of $0.75. Q1 Same store sales at Red Lobster, Olive Garden and LongHorn Steakhouse on a consolidated basis are expected to decline 1.1% versus the prior year. Sees FY09 same store sales growth of 0-1% and sales growth, excluding the 53rd week in the fiscal year, of 10-11%. Sees FY09 EPS decline of 2-3% on a 52-week basis, which compares to previous guidance for growth of 7-8%.

Chico's FAS Inc. (NYSE: CHS) 10% HIGHER; reports Q2 EPS of $0.04, versus the consensus of $0.03. Revenues came in at $405.2 million, versus the consensus of $405.3 million.

Daktronics Inc. (Nasdaq: DAKT) 9% HIGHER; reports Q1 EPS of $0.24, above the consensus of $0.17. Revenues came in at $161.2 million, versus the consensus of $141.5 million. Daktronics also reiterated their annual guidance

Clean Energy Fuels (Nasdaq: CLNE) 9% HIGHER; Cramer highlights on Mad Money

Greenfield Online, Inc. (Nasdaq: SRVY) 7%h HIGHER; said its Board of Directors has determined, in accordance with the terms of the merger agreement between Greenfield Online and affiliates of Quadrangle Group LLC, that the takeover proposal received by it from a Fortune 100 strategic buyer as a result of its “go-shop� activities, pursuant to which Greenfield Online's stockholders would receive $17.50 per share in cash, constitutes a superior proposal. The offer from the Strategic Buyer is not contingent on the receipt of financing.

Marvell Technology Group Ltd. (Nasdaq: MRVL) 4% LOWER; Jefferies downgrades to Hold

Radian Group Inc. (NYSE: RDN) 4% HIGHER; Radian Guaranty a subsidiary of Radian Group Inc., announced that the company has increased its field sales force by about 30% to date.

Big Lots (NYSE: BIG) 4% HIGHER; reports Q2 earnings of $0.32 per share, above the consensus of $0.27. Revenues came in at $1.11 billion, versus the consensus of $1.1 billion. Big Lots sees Q3 EPS of $0.15-$0.19, ex-items, versus the consensus of $0.18. Big Lots sees FY09 EPS of $1.90-$2.00, ex-items, versus the consensus of $1.90.

Corinthian Colleges, Inc. (Nasdaq: COCO) 3.7% LOWER; reports Q4 EPS of $0.11, ex-items, 2 cents better than the analyst estimate of $0.09. Revenues for the quarter were $274 million, versus the consensus of $276.62 million. Sees Q1 growth in the range of 4-6% on sales of $285-290 million and EPS of $0.06-$0.08. The Street estimates are for sales of $283.31 million and EPS of $0.08. For FY09, Corinthian expects growth of 7-9% on sales of $1.21-$1.25 billion, versus the consensus of $1.22 billion and EPS of $0.58-$0.63, versus the Street estimate of $0.55.

Coach, Inc. (NYSE: COH) 3.6% HIGHER; announced that its Board of Directors has authorized the repurchase of up to $1 billion of its outstanding common stock by June 26, 2010.

American Eagle Outfitters, Inc. (NYSE: AEO) 2.5% LOWER; reports Q2 EPS of $0.29, 1 cent better than the analyst estimate of $0.28. Revenues for the quarter were $688.8 million, versus the consensus of $705.53 million. Same store sales for the quarter fell 9%, versus a 2% increase in the same quarter last year. Sees EPS of $0.31-$0.36, versus the consensus of $0.39. Sees comps for the month of August down 6%.

Salesforce.com (NYSE: CRM) 2.3% HIGHER; Citi upgrades to Buy

Anadarko Petroleum Corporation (NYSE: APC) 2.2% HIGHER; authorized a share repurchase program of up to $5 billion. At the current trading price, this amount represents approximately 18% of the company's outstanding common shares. Share repurchases will be funded with free cash flow generated by the company's operations.

Take-Two Interactive Software, Inc. (Nasdaq: TTWO) 1% HIGHER; On August 25, 2008, Electronic Arts Inc. (Nasdaq: ERTS) and Take-Two Interactive Software entered into the confidentiality agreement contemplated by the letter of August 17, 2008 from Strauss Zelnick, Executive Chairman of the Board of Directors of Take-Two to John Riccitiello, Chief Executive Officer of EA, and the letter of August 18 from Mr. Riccitiello to Mr. Zelnick.

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