Cytec Industries Inc. (NYSE: CYT) 20.8% LOWER; reports Q1 EPS of $0.06, ex-items, versus the analyst estimate of $0.29. Revenue for the quarter was $612 million, versus the consensus of $771.41 million. Sees FY09 EPS of $1.35-$1.75, versus the consensus of $2.12. Will cut its quarterly dividend from $0.1125 to $0.0125 per common share, effective immediately.
MGM Mirage (NYSE: MGM) 14.4% LOWER; just before the close, the WSJ reported that Carl Icahn and Oaktree Capital are pushing for an MGM bankruptcy. Click here for the full report.
DryShips Inc. (NASDAQ: DRYS) 12.6% HIGHER; announced the completion of the ATM Equity Offering in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009. Merrill Lynch & Co. acted as sales agent in the offering. Following the completion of the ...
Morning Movers 4/17: DRYS, TEL, ICUI, MHP, TPX Higher; CYT, MGM, HNSN, MEG, AOS Lower
