Morning Movers 04/25: (RMTR) (HRZ) (PLCM) (CEDC) Higher; (ABFS) (AVID) Lower
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Ramtron International Corp. (NASDAQ: RMTR) 23% HIGHER; reported Q1 EPS of ($0.09), versus $0.02 last year. Revenue for the quarter came in at $10.6 million, versus $15.8 last year.
Horizon Lines (NYSE: HRZ) 18.3% HIGHER; shares correcting today following six straight intraday declines. Shares jumped by more than 60% ahead of last week's sell-off.
Polycom, Inc. (NASDAQ: PLCM) 14.5% HIGHER; reported Q1 EPS of $0.48, $0.06 better than the analyst estimate of $0.42. Revenue for the quarter came in at $344 million versus the consensus estimate of $337.8 million. The stock was also upgraded at BMO this morning.
Central European Distribution (Nasdaq: CEDC) 12.6% HIGHER; pushing over the $12 level today. The stock traded to as low as $10.50 during Wednesday's trading session.
Arkansas Best Corporation (NASDAQ: ABFS) 11.8% LOWER; reported Q1 loss of $0.51, $0.31 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $434 million versus the consensus estimate of $428.66 million. Arkansas Best reported a loss of $0.85 per share in the same period last year.
Avid Technology Inc. (NASDAQ: AVID) 11.4% LOWER; reported Q1 EPS of ($0.02), $0.10 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $166.3 million versus the consensus estimate of $166.98 million.
American Apparel (AMEX: APP) 11.3% HIGHER; the stock has continued bouncing over the last week or so. It appears investors are betting the company may not be required to file for bankruptcy. The WSJ reported last week the company was looking for $10 million in rescue financing.
International Game Technology (NYSE: IGT) 11% HIGHER; reported Q2 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $492.3 million versus the consensus estimate of $480.35 million. International Game Technology sees FY2011 EPS of $0.84-$0.90, versus the consensus of $0.87.
Sohu.com Inc. (NASDAQ: SOHU) 9.9% HIGHER; reported Q1 EPS of $1.13, $0.17 better than the analyst estimate of $0.96. Revenue for the quarter came in at $174.4 million versus the consensus estimate of $168.8 million. Sohu.com Inc. sees Q211 EPS of $1.13-$1.18, versus the consensus of $1.10. Also sees Q211 revenue of $188-$193 million, versus the consensus of $183.36 million. Also reports a subsidiary, Changyou.com Limited (Nasdaq: CYOU), has recently entered into a definitive agreement with Shenzhen 7Road Technology Co., Ltd. under which it will acquire 68.258% of the equity of Shenzhen 7Road Technology Co., Ltd. and its affiliates, a reputable web-based game company in China. The acquisition will be made for approximately $68.26 million, plus additional variable cash consideration of up to a maximum of $32.76 million that is contingent upon the achievement of specified performance milestones through December 31, 2012.
ZST Digital Networks, Inc. (NASDAQ: ZSTN) 9% HIGHER; announces that its Chairman and CEO, Mr. Zhong Bo, has issued a letter to shareholders in response to short-seller allegations regarding the Company's operations, financial disclosure and transparency. The company has received numerous inquiries from investors seeking further insight into the recent market speculation and share price volatility, which it believes are a result of targeted efforts on behalf of short-sellers to reduce ZST's share price and thereby profit financially.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Horizon Lines (NYSE: HRZ) 18.3% HIGHER; shares correcting today following six straight intraday declines. Shares jumped by more than 60% ahead of last week's sell-off.
Polycom, Inc. (NASDAQ: PLCM) 14.5% HIGHER; reported Q1 EPS of $0.48, $0.06 better than the analyst estimate of $0.42. Revenue for the quarter came in at $344 million versus the consensus estimate of $337.8 million. The stock was also upgraded at BMO this morning.
Central European Distribution (Nasdaq: CEDC) 12.6% HIGHER; pushing over the $12 level today. The stock traded to as low as $10.50 during Wednesday's trading session.
Arkansas Best Corporation (NASDAQ: ABFS) 11.8% LOWER; reported Q1 loss of $0.51, $0.31 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $434 million versus the consensus estimate of $428.66 million. Arkansas Best reported a loss of $0.85 per share in the same period last year.
Avid Technology Inc. (NASDAQ: AVID) 11.4% LOWER; reported Q1 EPS of ($0.02), $0.10 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $166.3 million versus the consensus estimate of $166.98 million.
American Apparel (AMEX: APP) 11.3% HIGHER; the stock has continued bouncing over the last week or so. It appears investors are betting the company may not be required to file for bankruptcy. The WSJ reported last week the company was looking for $10 million in rescue financing.
International Game Technology (NYSE: IGT) 11% HIGHER; reported Q2 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $492.3 million versus the consensus estimate of $480.35 million. International Game Technology sees FY2011 EPS of $0.84-$0.90, versus the consensus of $0.87.
Sohu.com Inc. (NASDAQ: SOHU) 9.9% HIGHER; reported Q1 EPS of $1.13, $0.17 better than the analyst estimate of $0.96. Revenue for the quarter came in at $174.4 million versus the consensus estimate of $168.8 million. Sohu.com Inc. sees Q211 EPS of $1.13-$1.18, versus the consensus of $1.10. Also sees Q211 revenue of $188-$193 million, versus the consensus of $183.36 million. Also reports a subsidiary, Changyou.com Limited (Nasdaq: CYOU), has recently entered into a definitive agreement with Shenzhen 7Road Technology Co., Ltd. under which it will acquire 68.258% of the equity of Shenzhen 7Road Technology Co., Ltd. and its affiliates, a reputable web-based game company in China. The acquisition will be made for approximately $68.26 million, plus additional variable cash consideration of up to a maximum of $32.76 million that is contingent upon the achievement of specified performance milestones through December 31, 2012.
ZST Digital Networks, Inc. (NASDAQ: ZSTN) 9% HIGHER; announces that its Chairman and CEO, Mr. Zhong Bo, has issued a letter to shareholders in response to short-seller allegations regarding the Company's operations, financial disclosure and transparency. The company has received numerous inquiries from investors seeking further insight into the recent market speculation and share price volatility, which it believes are a result of targeted efforts on behalf of short-sellers to reduce ZST's share price and thereby profit financially.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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