Jefferies & Co
RHI Entertainment, Inc. (NASDAQ: RHIE) 60% LOWER; reports Q3 loss of $1.24, versus the analyst estimate of ($0.22). Revenue for the quarter was $9.5 million, which compares to the estimate of $51.07 million.
Opnext Inc. (NASDAQ: OPXT) 30.7% LOWER; reports Q3 adj-loss of $0.10, 3 cents worse than the analyst estimate of ($0.07). Revenue for the quarter was $81 million, which compares to the estimate of $86.68 million. The stock was also downgraded at Jefferies.
Universal Power Group Inc. (AMEX: UPG) 26.5% HIGHER; reports Q3 EPS of ...
RHI Entertainment, Inc. (NASDAQ: RHIE) 62.5% LOWER; reports Q3 loss of $1.24, versus the analyst estimate of ($0.22). Revenue for the quarter was $9.5 million, which compares to the estimate of $51.07 million.
Universal Power Group Inc. (AMEX: UPG) 34.8% HIGHER; reports Q3 EPS of $0.12, compared to $0.08 in the same quarter last year. Revenue for the quarter was $27.5 million, versus $30.6 million in Q308.
Opnext Inc. (NASDAQ: OPXT) 28.9% LOWER; reports Q3 adj-loss of $0.10, 3 cents worse than the analyst estimate of ($0.07). Revenue for the quarter was $81 million, which compares to the estimate of $86.68 million. The stock was also downgraded at Jefferies.
ParkerVision, Inc. (Nasdaq: PRKR) 23.1% LOWER; announced the pricing of its previously announced underwritten public offering of 8,000,000 shares of its common stock at a public offering price of $2.00 per share. Piper Jaffray & Co. acted as ...
Rentech, Inc. (AMEX: RTK) 71.4% HIGHER; announced today that ASTM International's full governance committee has unanimously approved modifying the specifications for commercial aviation jet fuel to include up to a 50/50 blend of synthetic Fischer-Tropsch jet fuel. The jet fuel certified by the Federal Aviation Administration for use in commercial aircraft relies on ASTM's specifications. Rentech's jet fuel, RenJet(R), qualifies under the approved specifications of synthetic jet fuel.
CIT Group (NYSE: CIT) 29.5% HIGHER; see Bailed-out BINGO Part II.
Orthovita, Inc. (NASDAQ: VITA) 28.8% LOWER; reports Q2 loss of $0.01, 1 cent better than the analyst estimate of ($0.02). Revenue for the quarter was $24.5 million, versus the consensus of $22.86 million. Raises its FY09 loss guidance from $0.07-$0.08 to $0.04-$0.05, versus the consensus of a loss of $0.05.
MetroPCS Communications, Inc. (NYSE: PCS) 27.7% LOWER; reports Q2 EPS of $0.07, 7 cents lower than the ...
Coachmen Industries, Inc. (NYSE: COA) 32.5% HIGHER; announced that its major projects subsidiary, All American Building Systems, LLC, has received a letter of intent to build housing for the United States Army at Fort Bliss, located near El Paso Texas. The agreement represents a total potential value of $21.3 million to All American.
MBIA Inc. (NYSE: MBI) 30.8% HIGHER; established a new U.S. public finance financial guarantee insurance company within the MBIA Inc. group by restructuring its principal insurance subsidiary, MBIA Insurance Corporation. Click here for the full report.
Anchor BanCorp Wisconsin ...
A Change of Plans
Here's a link to listen to an Audio Version of the report:
After a shaky performance lately, the Bernanke Fed now appears to have gotten it completely right by boldly going where no Fed has gone before. In short, it looks like the Fed and the folks in Washington are pulling out all the stops in an attempt to fight off the potential for a recession in the U.S.
With yesterday's interest rate cut of 50 basis points (0.5%), Mr. Bernanke has knocked both the Fed Funds and Discount Rates down by 1.25% in just 9 days, which makes this the most aggressive rate reduction campaign ever. And with the statement that accompanied the announcement leaving the door open to further easing if needed, the most important thing to understand at this point in time is this Fed is now on ...
