StreetInsider.com Pre-Open Movers 08/03

StreetInsider.com Pre-Open Movers:

Cogent (Nasdaq: COGT) 22% LOWER; reports Q2 earnings of $0.04 per share, versus the consensus of $0.10. Revenues came in at $13.2 million versus the consensus of $28 million. Announces $30 million buyback.

Leapfrog (NYSE: LF) 19% LOWER; reports Q2 loss of $0.41 per share, versus the consensus of a $0.25 loss. Revenues came in at $68.1 million versus the consensus of $92.3 million.

MRO Software Inc. (Nasdaq: MROI) 17.9% HIGHER; IBM buys the company for $25.80/Share

Signet Group plc (NYSE: SIG) 16.8% HIGHER; Despite rumors to the contrary, the company confirms that is has not received any approach in relation to an offer for the company. Rumors had two private-equity firms, KKR and Apax Partners, looking at a combined $4.3 billion bid for the company.

Sina Corp. (Nasdaq: SINA) 13% HIGHER; reports Q2 EPS of $0.21, 3 cents better than estimates. Revenues came in at $53.7 million versus the consensus of $49.03 million. Sees Q3 revs of $51-$54 million versus the consensus of $49.9 million.

CryptoLogic (Nasdaq: CRYP) 13% HIGHER; reports Q2 earnings of $0.59 per share, 10 cents better than estimates. Revenues came in at $30.4 million versus the consensus of $26 million. Sees Q3 EPS of 0.48-$0.51 versus the consensus of $0.46.

Sprint Nextel Corp. (NYSE: S) 11.4% LOWER; reports Q2 earnings of $0.32 per share, 1 cent worse than estimates. Revenues came in at $10.01 billion versus the consensus of $10.41 billion. Bear Stearns downgrade.

Foxhollow (Nasdaq: FOXH) 11% HIGHER; reports Q2 earnings of $0.02 per share, versus the consensus of a $0.13 loss. Revenues came in at $48.2 million versus the consensus of $47.5 million. Sees Q3 EPS of $0.10-$0.15 (Non-GAAP $0.21-$0.26 profit) versus the consensus of $0.05 consensus. Sees FY06 loss of $0.07-$0.22 versus the consensus of a $0.06 loss (Non-GAAP $0.70-$0.85 profit)

Medtronic Inc. (NYSE: MDT) 10.6% LOWER; Sees Q1 EPS of $0.53-$0.55 versus the consensus of $0.57, due to weakness in the ICD market

IRIS International (Nasdaq: IRIS) 9.6% LOWER; reports Q2 EPS of $0.08, 3 cents below the consensus. Revenues came in at $16.6 million versus the consensus of $18.64 million. Sees FY06 EPS of $0.35-$0.37 versus the consensus of $0.43.

Starbucks (Nasdaq: SBUX) 9% LOWER; reports Q3 EPS of $0.17, in-line with estimates.(0.17). Revenues came in at $1.96 billion versus the consensus of $1.96 billion. Sees FY07 EPS of $0.87-$0.89 versus the consensus of $0.88. To buyback up to 25 million shares. Targeting capital expenditures of approximately $800 million in fiscal 2006, an increase from the previous target of $750 million-$775 million, primarily driven by the acceleration in new store development.

Hansen Natural Corp. (Nasdaq: HANS) 8.9% LOWER; Citigroup downgrade

PlanetOut (Nasdaq: LGBT) 8.7% LOWER; reports Q2 EPS of $0.03, in-line with estimates. Revenues came in at $16.3 million versus the consensus of $16.15 million. The company is reaffirming its full-year revenue guidance for 2006. Specifically, PlanetOut expects revenue to be between $71.0 and $75.0 million. The company is lowering its guidance on Adjusted EBITDA from between $10.0 and $11.0 million to between $8.5 and $9.5 million, as well as lowering Adjusted Net Income from between $4.0 and $4.5 million to between $2.5 and $3.0 million.

Extreme Networks (Nasdaq: EXTR) 8.6% LOWER; reports Q4 EPS of $0.00, 4 cents worse than estimates.(0.04) Revenues were $82.4 million vs. $88.26 million consensus.

WellCare Group (NYSE: WCG) 8% HIGHER; reports Q2 earnings of $0.55 per share, 7 better than estimates. Sees Q3 EPS of $0.95 versus the consensus of $0.78. Sees FY06 EPS of $2.85-$2.90 versus the consensus of $2.56

Astronics Corp. (Nasdaq: ATRO) 8% HIGHER; The company reported sales of $29.0 million for the second quarter of 2006, a 54% increase from $18.8 million in the same period in last year. Earnings were $0.25 for the second quarter of 2006 compared with $0.02 in the same quarter last year. Raises full year 2006 estimated revenue range to $105 to $110 million

St. Jude Medical Inc. (NYSE: STJ) 8% LOWER; lower guidance from Medtronic, due to ICD weakness

Gymboree Corp. (Nasdaq: GYMB) 7.7% LOWER; said July Comparable store sales increased 6%. For the full fiscal year, the Company is now expecting earnings in the range of $1.42 to $1.45 per diluted share. The consensus is $1.65.

Prudential Financial (NYSE: PRU) 6.6% LOWER; reports Q2 EPS of $1.40, 4 cents worse than estimates.(1.44) Revenues were $6.04 billion vs. $6.07 billion consensus.

Aeropostale, Inc. (NYSE: ARO) 6.4% LOWER; comparable store sales decreased 1.9% for the month. The Company expects second quarter earnings in the range of $0.14 - $0.15 vs. $0.17 consensus.

FEI Company (Nasdaq: FEIC) 6% LOWER; reports Q2 EPS of $0.11, 2 cents worse than estimates.(0.13). Revenues came in at $113.1 million versus the consensus of $115.6 million. Sees Q3 EPS of $0.08-$0.14 (incl option exp) versus the consensus of $0.19.

CompuCredit (Nasdaq: CCRT) 6% LOWER; reports Q2 EPS of $0.97, 2 cents worse than estimates.(0.99)

Molex (Nasdaq: MOLX) 5.7% HIGHER; reports Q2 EPS of $0.42, 5 cents better than estimates.(0.37) Revenues were $783.8 million vs. $742.40 million consensus. Sees FY07 EPS of $1.60-$1.70 versus the consensus of $1.63. Sees FY07 revs of $3-$3.3 billion versus the consensus of $3.08 billion.

Boston Scientific Corp. (NYSE: BSX) 4.9% LOWER; lower guidance from Medtronic, due to ICD weakness

Pacific Sunwear of California, Inc. (NASDAQ: PSUN) 4.5% LOWER; said total Company same store sales decreased 10.6% Given the weaker than expected sales performance in July, the Company now believes that second quarter earnings will be in the range of $0.14 to $0.15 per diluted share. The consensus is $0.20.

BioMarin Pharmaceutical (Nasdaq: BMRN) 4% HIGHER; reports a Q2 loss of $0.02, 9 cents better than estimates.(-.11) Revenues were $23.5 million vs. $15.75 million consensus. Boosts FY06 Naglazyme sales to $40-$44 million (prior guidance of $31-$34M)

24/7 Real Media (Nasdaq: TFSM) 3.7% LOWER; reports Q2 EPS of $0.09, 1 cents better than estimates.(0.08) Revenues were $48.2 million vs. $47.05 million consensus. Sees Q3 EPS of $0.09 versus the consensus of $0.09. Sees FY07 EPS of $0.51-$0.55 versus the consensus of $0.50. NOTE: Stock was up 14% today in expectation for strong results.

Guess (NYSE: GES) 2.6% HIGHER; reports Q2 EPS of $0.30, 8 cents better than estimates.(0.22) Revenues were $231.07 million vs. $219.3 million consensus. Sees Q3 EPS 3-4 cents above prior guidance. Sees Q3 revs up slightly more than 20%.

Ingersoll-Rand Company Limited (NYSE: IR) 2.5% HIGHER; approved a 12.5% increase in the quarterly dividend of the company's common shares and announced that it plans to accelerate its current share repurchase program.

Children's Place Retail Stores, Inc. (Nasdaq: PLCE) 1.3% HIGHER; comparable store sales up 15%, versus the consensus of 8.1% The Company anticipates reporting a second quarter loss of $(0.54) to $(0.56) per share including equity compensation expense of approximately $3 million pre tax (consensus of -$0.62). The Company has increased its fiscal 2006 earnings per share guidance to $2.85 to $2.95 including equity compensation expense of approximately $14 million pre tax (consensus of $2.89).

Gap Inc (NYSE: GPS) INDICATED LOWER; now expects earnings per share for the second quarter to be $0.13 to $0.15. Current consensus is $0.22.

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