KeyBanc

CLEVELAND--(BUSINESS WIRE)-- Ferro Corporation (NYSE: FOE) announced today that it has closed on its previously announced common stock offering. The total number of shares sold was 41,112,500, including 5,362,500 shares issued in connection with the exercise of the underwriters' over-allotment option to purchase additional shares. Ferro intends to use up to $50 million of the net proceeds from the offering to pay the costs associated with its restructuring programs and strategic initiatives. Ferro will use the remaining net proceeds to reduce borrowings under its credit facility and pay fees and expenses in ...

NightHawk Radiology Holdings, Inc. (NASDAQ: NHWK) 26% LOWER; reports Q3 EPS of $0.17, ex-items, 1 cent better than the analyst estimate of $0.16. Revenue for the quarter was $43.5 million, which compares to the estimate of $42.71 million. Sees Q4 adj-EPS of $0.08-$0.10, versus the consensus of $0.15, on sales of $38-$40 million, versus the consensus of $40.13 million.

Geokinetics Inc. (AMEX: GOK) 22.1% LOWER; reports Q3 loss of $0.41, cents better than the analyst estimate of ($0.08). Revenue for the quarter was $96.80 million, which compares to the estimate of $133.92 million.

Axcelis Technologies, Inc. (NASDAQ: ACLS) 19.5% HIGHER; reports Q3 loss of $0.15, 2 cents better than the analyst estimate of ($0.17). Revenue for the quarter was $35 million, which compares to the estimate of $31.95 million. Sees Q409 cash Break Even.

Crocs, Inc. (NASDAQ: CROX) 17.8% LOWER; reports Q3 EPS of $0.01, 9 cents ...

KeyBanc downgrades Red Robin Gourmet Burgers (Nasdaq: RRGB) from Buy to Hold.

KeyBanc analyst says, "Following disappointing results from Red Robin Gourmet Burgers in 3Q09 and a significantly reduced outlook from management, we are reducing our rating for shares of RRGB to HOLD. We are concerned that management's resumption of increased marketing ...

KeyBanc upgrades Willbros Group, Inc. (NYSE: WG) to Buy. Price target $21.

KeyBanc analyst says, "Following Willbros Group's 3Q09 conference call and our follow-up discussion with management, we are upgrading the stock to BUY on increasing signs that utilization rates in WG's core operations might be at a trough...Reducing Our 2009 and 2010 EPS Estimates on Lower Margins; Initiating ...

KeyBanc upgrades Willbros Group, Inc. (NYSE: WG) to Buy. Price target $21.

KeyBanc analyst says, "Following Willbros Group's 3Q09 conference call and our follow-up discussion with management, we are upgrading the stock to BUY on increasing signs that utilization rates in WG's core operations might be at a trough...Reducing Our 2009 and 2010 EPS Estimates on Lower Margins; Initiating ...