StreetInsider.com Pre-Open Movers: 11/17
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StreetInsider.com Pre-Open Movers:
Conor Medsystems, Inc. (Nasdaq: CONR) 18.8% HIGHER; Johnson & Johnson (NYSE: JNJ) will acquire Conor Medsystems for approximately $1.4 billion, $33.50 per share.
SurModics Inc. (Nasdaq: SRDX) 15.6% LOWER; Johnson & Johnson buys Conor
Hurray Holding (Nasdaq: HRAY) 12.6% HIGHER; reports Q3 EPS of $0.07, 4 cents better than estimates.(0.03) Revenues were $18 million vs. $16.62 million consensus. For fourth quarter 2006, Hurray! expects its total consolidated revenues to be between $17.0 and $18.0 million, reflecting our latest assessment of the residual impact of new operator policies implemented in the third quarter. Current consensus is $16.16 million.
United Retail Group Inc. (Nasdaq: URGI) 9% LOWER; Q3 profit drops
Sanmina-SCI Corp (Nasdaq: SANM) 8.8% LOWER; reports Q4 revenues of $2.72 billion vs. $2.78 billion consensus. For fiscal year 2006, the Company expects to report earnings per share in the range of $0.18 to $0.20, gross margins of approximately 5.8% and operating margins of approximately 2.2%. Current consensus is $0.28. Sanmina-SCI expects first quarter revenue to be in the range of $2.70 billion to $2.85 billion and earnings per share, on a non-GAAP basis, to be between $0.06 and $0.08. Current consensus is $2.94 billion and EPS is $0.10.
Citi Trends (Nasdaq: CTRN) 7.7% HIGHER; reports Q3 earnings of $0.20 per share, 4 cents better than estimates. Revenues came in at $87.1 million versus the consensus of $84.3 million. Sees FY06 EPS of $1.43-$1.47 versus the consensus of $1.41. Sees FY07 EPS of $1.73-$1.77 versus the consensus of $1.72.
Marvell Technology (Nasdaq: MRVL) 7% LOWER; reports Q3 revenues of $520.4 million vs. $516.90 million consensus
Hibbett Sporting Goods (Nasdaq: HIBB) 6% HIGHER; reports Q3 EPS of $0.31, 3 cents better than estimates.(0.28) Revenues were $129.7 million vs. $124.94 million consensus. For the 14-week period ending February 3, 2007, the Company expects to report earnings per diluted share of approximately $0.34 to $0.38 (which includes approximately $0.02 of equity award expense per diluted share) and a comparable store sales increase of 3% to 5%. Current consensus is $0.34. Guidance for the 53-week fiscal 2007 was increased to approximately $1.12 to $1.16 per diluted share (which includes $0.06 to $0.07 of equity award expense per diluted share) and a comparable store sales increase in the 3% to 5% range. Current consensus is $1.09.
Ninetowns Internet (Nasdaq: NINE) 6% LOWER; reports Q3 results
Starbucks (Nasdaq: SBUX) 5.5% LOWER; reports Q4 EPS of $0.17 (EPS was $0.15 adding Cumulative effect of accounting change for FIN 47, net of taxes) vs. consensus of $0.17. Revenues were $2.0 billion vs. $2.02 billion consensus.
Auxilium Pharmaceuticals Inc. (AUXL) 5% HIGHER; Piper Jaffray upgrades Auxilium Pharmaceuticals Inc. (AUXL) to Outperform
SMART Modular Technologies, Inc. (Nasdaq: SMOD) 5% HIGHER; expects to report Q1 GAAP diluted net income per share in the range of $0.21 - $0.22, versus the previous guidance of $0.19 to $0.20 per share announced on September 28, 2006. The consensus is $0.20.
Dynavax (Nasdaq: DVAX) 4% HIGHER; Bear Stearns upgrades to Outperform
Conor Medsystems, Inc. (Nasdaq: CONR) 18.8% HIGHER; Johnson & Johnson (NYSE: JNJ) will acquire Conor Medsystems for approximately $1.4 billion, $33.50 per share.
SurModics Inc. (Nasdaq: SRDX) 15.6% LOWER; Johnson & Johnson buys Conor
Hurray Holding (Nasdaq: HRAY) 12.6% HIGHER; reports Q3 EPS of $0.07, 4 cents better than estimates.(0.03) Revenues were $18 million vs. $16.62 million consensus. For fourth quarter 2006, Hurray! expects its total consolidated revenues to be between $17.0 and $18.0 million, reflecting our latest assessment of the residual impact of new operator policies implemented in the third quarter. Current consensus is $16.16 million.
United Retail Group Inc. (Nasdaq: URGI) 9% LOWER; Q3 profit drops
Sanmina-SCI Corp (Nasdaq: SANM) 8.8% LOWER; reports Q4 revenues of $2.72 billion vs. $2.78 billion consensus. For fiscal year 2006, the Company expects to report earnings per share in the range of $0.18 to $0.20, gross margins of approximately 5.8% and operating margins of approximately 2.2%. Current consensus is $0.28. Sanmina-SCI expects first quarter revenue to be in the range of $2.70 billion to $2.85 billion and earnings per share, on a non-GAAP basis, to be between $0.06 and $0.08. Current consensus is $2.94 billion and EPS is $0.10.
Citi Trends (Nasdaq: CTRN) 7.7% HIGHER; reports Q3 earnings of $0.20 per share, 4 cents better than estimates. Revenues came in at $87.1 million versus the consensus of $84.3 million. Sees FY06 EPS of $1.43-$1.47 versus the consensus of $1.41. Sees FY07 EPS of $1.73-$1.77 versus the consensus of $1.72.
Marvell Technology (Nasdaq: MRVL) 7% LOWER; reports Q3 revenues of $520.4 million vs. $516.90 million consensus
Hibbett Sporting Goods (Nasdaq: HIBB) 6% HIGHER; reports Q3 EPS of $0.31, 3 cents better than estimates.(0.28) Revenues were $129.7 million vs. $124.94 million consensus. For the 14-week period ending February 3, 2007, the Company expects to report earnings per diluted share of approximately $0.34 to $0.38 (which includes approximately $0.02 of equity award expense per diluted share) and a comparable store sales increase of 3% to 5%. Current consensus is $0.34. Guidance for the 53-week fiscal 2007 was increased to approximately $1.12 to $1.16 per diluted share (which includes $0.06 to $0.07 of equity award expense per diluted share) and a comparable store sales increase in the 3% to 5% range. Current consensus is $1.09.
Ninetowns Internet (Nasdaq: NINE) 6% LOWER; reports Q3 results
Starbucks (Nasdaq: SBUX) 5.5% LOWER; reports Q4 EPS of $0.17 (EPS was $0.15 adding Cumulative effect of accounting change for FIN 47, net of taxes) vs. consensus of $0.17. Revenues were $2.0 billion vs. $2.02 billion consensus.
Auxilium Pharmaceuticals Inc. (AUXL) 5% HIGHER; Piper Jaffray upgrades Auxilium Pharmaceuticals Inc. (AUXL) to Outperform
SMART Modular Technologies, Inc. (Nasdaq: SMOD) 5% HIGHER; expects to report Q1 GAAP diluted net income per share in the range of $0.21 - $0.22, versus the previous guidance of $0.19 to $0.20 per share announced on September 28, 2006. The consensus is $0.20.
Dynavax (Nasdaq: DVAX) 4% HIGHER; Bear Stearns upgrades to Outperform
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