StreetInsider.com Morning Movers
On2 Technologies, Inc. (NYSE: ONT) 54.2% HIGHER; and Google Inc. (NASDAQ: GOOG) entered into a definitive agreement under which Google will acquire On2, a leading developer of video compression technology. Under the terms of the agreement, each outstanding share of On2 common stock will be converted into $0.60 worth of Google class A common stock in a stock-for-stock transaction. The transaction is valued at approximately $106.5 million.
Cumulus Media Inc. (NASDAQ: CMLS) 43.8% HIGHER; reports Q2 EPS of $0.35, 24 cents better than the analyst estimate of $0.11. Revenue for the quarter was $65.96 million, versus the consensus of $67.70 million.
Inovio Biomedical Corporation (NYSE: INO) 39.5% HIGHER; announced new data representing what Inovio believes to be the first demonstration of a significantly increased and persistent level of antibody response generated by a DNA vaccine delivered using electroporation. Click here for the full report.
Radian Group ...
StreetInsider.com Morning Movers:
Las Vegas Sands Corp. (NYSE: LVS) 33% HIGHER; Bernstein starts at Outperform, $8 price target.
Integrys Energy Group, Inc. (NYSE: TEG) 23% LOWER; reports Q4 adj-EPS of $0.27, well below the the analyst estimate of $1.60. Integrys Energy sees 2009 EPS of $2.53-$2.68, versus the consensus of $3.88.
Caribou Coffee (Nasdaq: CBOU) 21% HIGHER; reports Q4 loss of $0.07, versus the analyst estimate of ($0.03). Revenues for the quarter were $68 million, versus the consensus of $67.80 million.
Psychiatric Solutions, Inc. (Nasdaq: PSYS) 21% LOWER; reports Q4 EPS of $0.44, 10 cents below the analyst estimate of $0.54. Revenues for the quarter were $445.9 million, versus the consensus of $455.54 million. Sees FY09 EPS $2.24 to $2.32 versus $2.41.
Flowserve Corporation (NYSE: FLS) 13% HIGHER; reports Q4 EPS of $2.03, versus the analyst estimate of $1.89. Revenues for the quarter were $1.17 ...
