Morning Movers 03/11: (TAYD) (CLWT) (NDN) (ANN) Higher; (ENER) (IGOI) (POWR) (JSDA) Lower
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Energy Conversion Devices, Inc. (Nasdaq: ENER) 22% LOWER; announced that changes to government policies in France and Italy could impact sales by as much as 50%. Click here to see the full report. The entire solar sector is trading lower on the warning. The Claymore/MAC Solar Index ETF (NYSE: TAN) is down 2.5% today.
Taylor Devices Inc. (Nasdaq: TAYD) 22% HIGHER; traders are playing the stock today amid the massive earthquake off the coast of Japan. Taylor Devices makes seismic dampers which are designed to ameliorate the effects of earthquake tremors on structures. However, the company is mainly focused on the US and Canada and has no sales in Japan. Sales to three customers were approximately 34% of net sales for 2010. Click here to see our full write-up on the stock's surge today.
iGo (Nasdaq: IGOI) 19.7% LOWER; reports Q4 EPS of $0.01, versus $0.00 reported for the same period a year ago. Revenue for the quarter was $13.2 million, compared to $9.9 million in Q409.
Euro Tech (Nasdaq: CLWT) 17.8% HIGHER; trading higher as a play on the Japan earthquake. The company makes advanced water treatment equipment and primarily distributes to sources in China.
99 Cents Only Stores (NYSE: NDN) 17% HIGHER; has received a "going private" proposal from members of the Schiffer/Gold family, together with Leonard Green & Partners, L.P. for $19.09 per share in cash.
PowerSecure International, Inc. (NASDAQ: POWR) 13.4% LOWER; reported Q4 EPS of ($0.03), $0.03 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $26.5 million versus the consensus estimate of $28.36 million.
Jones Soda Co. (NASDAQ: JSDA) 13.2% LOWER; reported Q4 EPS of $0.06, versus ($0.17) last year. Revenue for the quarter came in at $3.1 million, versus $4.3 million last year.
AnnTaylor Stores Corp. (NYSE: ANN) 10.5% HIGHER; reported Q4 adj-EPS of $0.19, 2 cents better than the analyst estimate of $0.17. Revenue for the quarter came in at $515.3 million versus the consensus estimate of $515.14 million. Comps up 11%. Adds $200 million to stock buyback. Changing corp. name to Ann, Inc. Sees Q111 sales about $510 million, versus $488. Sees FY11 2.175 billion, versus $1.98 billion.
RC2 Corporation (Nasdaq: RCRC) 10% HIGHER; TOMY Company, Ltd. is acquiring RC2 for a total consideration of $640 million in cash, which will be completed through a tender offer. The deal is valued at $27.90 per RCRC share. Completion is expected in Q211.
Evergreen Solar Inc. (NASDAQ: ESLR) 9.7% LOWER; an analyst at JPMorgan downgraded the stock from Equalweight to Underweight this morning following Wednesday night's Q4 results.
Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) 9.6% HIGHER; reported Q4 loss of $0.01, versus ($0.02) last year. Revenue for the quarter came in at $54.6 million versus the consensus estimate of $50.44 million.
Obagi Medical Products, Inc. (NASDAQ: OMPI) 9.3% HIGHER; reported Q4 EPS of $0.24, $0.15 better than the analyst estimate of $0.09. Revenue for the quarter came in at $30.3 million versus the consensus estimate of $30.03 million. OMPI sees Q1 2011 EPS of $0.11 - $0.12, versus the consensus of $0.12. Also sees Q1 2011 revenue of $26 - $27 million, versus the consensus of $28 million. Sees FY2011 EPS of $0.87 - $0.91, versus the consensus of $0.83. Aees FY2011 revenue of $119 - $122 million, versus the consensus of $121 million. The stock was also upgraded at Duncan-Williams this morning.
Alon USA Energy (NYSE: ALJ) 9.1% HIGHER; reported Q4 adjusted loss of $0.37, nine cents better than the analyst estimate of ($0.46). Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.4 billion.
Ener1, Inc. (NASDAQ: HEV) 8.9% HIGHER; reported Q4 loss of $0.51, $0.41 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $33.1 million versus the consensus estimate of $24.51 million.
Smith & Wesson Holding Corporation (NASDAQ: SWHC) 8.7% LOWER; reported Q3 EPS of ($0.08), $0.08 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $89.3 million versus the consensus estimate of $96.58 million. Sees FY11 revenue of $389-$393 million, versus the consensus of $410.59 million. Also sees Q411 revenue of $108-$112 million, versus the consensus of $122.7 million.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Taylor Devices Inc. (Nasdaq: TAYD) 22% HIGHER; traders are playing the stock today amid the massive earthquake off the coast of Japan. Taylor Devices makes seismic dampers which are designed to ameliorate the effects of earthquake tremors on structures. However, the company is mainly focused on the US and Canada and has no sales in Japan. Sales to three customers were approximately 34% of net sales for 2010. Click here to see our full write-up on the stock's surge today.
iGo (Nasdaq: IGOI) 19.7% LOWER; reports Q4 EPS of $0.01, versus $0.00 reported for the same period a year ago. Revenue for the quarter was $13.2 million, compared to $9.9 million in Q409.
Euro Tech (Nasdaq: CLWT) 17.8% HIGHER; trading higher as a play on the Japan earthquake. The company makes advanced water treatment equipment and primarily distributes to sources in China.
99 Cents Only Stores (NYSE: NDN) 17% HIGHER; has received a "going private" proposal from members of the Schiffer/Gold family, together with Leonard Green & Partners, L.P. for $19.09 per share in cash.
PowerSecure International, Inc. (NASDAQ: POWR) 13.4% LOWER; reported Q4 EPS of ($0.03), $0.03 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $26.5 million versus the consensus estimate of $28.36 million.
Jones Soda Co. (NASDAQ: JSDA) 13.2% LOWER; reported Q4 EPS of $0.06, versus ($0.17) last year. Revenue for the quarter came in at $3.1 million, versus $4.3 million last year.
AnnTaylor Stores Corp. (NYSE: ANN) 10.5% HIGHER; reported Q4 adj-EPS of $0.19, 2 cents better than the analyst estimate of $0.17. Revenue for the quarter came in at $515.3 million versus the consensus estimate of $515.14 million. Comps up 11%. Adds $200 million to stock buyback. Changing corp. name to Ann, Inc. Sees Q111 sales about $510 million, versus $488. Sees FY11 2.175 billion, versus $1.98 billion.
RC2 Corporation (Nasdaq: RCRC) 10% HIGHER; TOMY Company, Ltd. is acquiring RC2 for a total consideration of $640 million in cash, which will be completed through a tender offer. The deal is valued at $27.90 per RCRC share. Completion is expected in Q211.
Evergreen Solar Inc. (NASDAQ: ESLR) 9.7% LOWER; an analyst at JPMorgan downgraded the stock from Equalweight to Underweight this morning following Wednesday night's Q4 results.
Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) 9.6% HIGHER; reported Q4 loss of $0.01, versus ($0.02) last year. Revenue for the quarter came in at $54.6 million versus the consensus estimate of $50.44 million.
Obagi Medical Products, Inc. (NASDAQ: OMPI) 9.3% HIGHER; reported Q4 EPS of $0.24, $0.15 better than the analyst estimate of $0.09. Revenue for the quarter came in at $30.3 million versus the consensus estimate of $30.03 million. OMPI sees Q1 2011 EPS of $0.11 - $0.12, versus the consensus of $0.12. Also sees Q1 2011 revenue of $26 - $27 million, versus the consensus of $28 million. Sees FY2011 EPS of $0.87 - $0.91, versus the consensus of $0.83. Aees FY2011 revenue of $119 - $122 million, versus the consensus of $121 million. The stock was also upgraded at Duncan-Williams this morning.
Alon USA Energy (NYSE: ALJ) 9.1% HIGHER; reported Q4 adjusted loss of $0.37, nine cents better than the analyst estimate of ($0.46). Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.4 billion.
Ener1, Inc. (NASDAQ: HEV) 8.9% HIGHER; reported Q4 loss of $0.51, $0.41 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $33.1 million versus the consensus estimate of $24.51 million.
Smith & Wesson Holding Corporation (NASDAQ: SWHC) 8.7% LOWER; reported Q3 EPS of ($0.08), $0.08 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $89.3 million versus the consensus estimate of $96.58 million. Sees FY11 revenue of $389-$393 million, versus the consensus of $410.59 million. Also sees Q411 revenue of $108-$112 million, versus the consensus of $122.7 million.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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