Morning Movers 05/17: (GFRE) (LONG) (ANTH) (VRML) Higher; (LPHI) (STV) (COGO) Lower
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Gulf Resources, Inc. (NASDAQ: GFRE) 37.6% HIGHER; reported Q1 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $45.4 million versus the consensus estimate of $40.36 million. Reaffirms outlook.
eLong Inc. (NASDAQ: LONG) 27.1% HIGHER; reported Q1 EPS of $0.04, versus $0.04 reported last year. Revenue for the quarter came in at $19 million versus the consensus estimate of $18.13 million. eLong currently expects net revenues for the second quarter of 2011 to be within the range of RMB137 million to RMB149 million.
Anthera Pharma (NASDAQ: ANTH) 20.7% HIGHER; Leerink Swann initiates coverage on the stock with an Outperform. $12-14 valuation range. Click here to see the full report.
Vermllion (Nasdaq: VRML) 15% HIGHER; remains volatile following a 73 percent surge on Thursday of last week. The stock fell nearly 20 percent yesterday. Back over the $5 level today.
Life Partners (Nasdaq: LPHI) 14.9% LOWER; last night said it will delay its 10-K. Shares are down more than 20 percent over the last several trading sessions.
Photronics, Inc. (NASDAQ: PLAB) 12.3% HIGHER; reported Q2 EPS of $0.24, $0.08 better than the analyst estimate of $0.16. Revenue for the quarter came in at $133.1 million versus the consensus estimate of $119.66 million.
Ampal-American Israel Corp. (Nasdaq: AMPL) 12.3% HIGHER; reported Q4 EPS of ($0.16), which may not compare to $0.00 last year. Revenue for the quarter came in at $138.3 million versus the consensus estimate of $202.82 million.
Sino Clean Energy, Inc. (NASDAQ: SCEI) 12.1% HIGHER; reported Q1 EPS of $0.30, $0.15 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $33.8 million versus the consensus estimate of $24.5 million. Reaffirms FY11 Outlook.
O'Charley's Inc. (NASDAQ: CHUX) 11.5% HIGHER; reported Q1 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $265 million versus the consensus estimate of $261.38 million. Sees Q2 2011 revenue of $190-$195 million, versus consensus of $188.23 million. O’Charley’s comparable sales and guest counts for company-operated restaurants increased by 0.4 percent and 0.9 percent, respectively.
Audiovox Corporation (Nasdaq: VOXX) 11.3% HIGHER; reports Q4 EPS of $0.75, compared to a gain of $0.29 during the same quarter last year. Revenue for the quarter came in at $138.9 million.
China Digital TV Holding Co. Ltd. ADS (NYSE: STV) 11.1% LOWER; reported Q1 EPS of $0.13, $0.02 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $19.32 million versus the consensus estimate of $19.8 million. China Digital TV Holding Co. Ltd. ADS sees Q2 2011 revenue of $20.08-$21.6 million, versus the consensus of $22.2 million.
Cogo Group (Nasdaq: COGO) 11% LOWER; upside in China-based momentum stocks has been weak recently following concerns with a number of recent IPOs and reverse mergers.
MAKO Surgical (NASDAQ: MAKO) 9.8% HIGHER; Goldman Sachs initiates coverage on the stock with a Conviction Buy list rating and $36 price target, suggesting 43% upside.
Douglas Dynamics, Inc. (NYSE: PLOW) 9.7% LOWER; today announced it has launched a secondary offering of 5,000,000 shares of its common stock for sale by certain of its stockholders, including affiliates of Aurora Capital Group and Ares Management. The selling stockholders also propose to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares to cover over-allotments, if any.
Pluristem (Nasdaq: PSTI) 9.4% HIGHER; initiated at Outperform at Oppenheimer earlier.
Callidus Software, Inc. (NASDAQ: CALD) 9.3% LOWER; today announced that it proposes to offer $70 million principal amount of senior convertible notes.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
eLong Inc. (NASDAQ: LONG) 27.1% HIGHER; reported Q1 EPS of $0.04, versus $0.04 reported last year. Revenue for the quarter came in at $19 million versus the consensus estimate of $18.13 million. eLong currently expects net revenues for the second quarter of 2011 to be within the range of RMB137 million to RMB149 million.
Anthera Pharma (NASDAQ: ANTH) 20.7% HIGHER; Leerink Swann initiates coverage on the stock with an Outperform. $12-14 valuation range. Click here to see the full report.
Vermllion (Nasdaq: VRML) 15% HIGHER; remains volatile following a 73 percent surge on Thursday of last week. The stock fell nearly 20 percent yesterday. Back over the $5 level today.
Life Partners (Nasdaq: LPHI) 14.9% LOWER; last night said it will delay its 10-K. Shares are down more than 20 percent over the last several trading sessions.
Photronics, Inc. (NASDAQ: PLAB) 12.3% HIGHER; reported Q2 EPS of $0.24, $0.08 better than the analyst estimate of $0.16. Revenue for the quarter came in at $133.1 million versus the consensus estimate of $119.66 million.
Ampal-American Israel Corp. (Nasdaq: AMPL) 12.3% HIGHER; reported Q4 EPS of ($0.16), which may not compare to $0.00 last year. Revenue for the quarter came in at $138.3 million versus the consensus estimate of $202.82 million.
Sino Clean Energy, Inc. (NASDAQ: SCEI) 12.1% HIGHER; reported Q1 EPS of $0.30, $0.15 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $33.8 million versus the consensus estimate of $24.5 million. Reaffirms FY11 Outlook.
O'Charley's Inc. (NASDAQ: CHUX) 11.5% HIGHER; reported Q1 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $265 million versus the consensus estimate of $261.38 million. Sees Q2 2011 revenue of $190-$195 million, versus consensus of $188.23 million. O’Charley’s comparable sales and guest counts for company-operated restaurants increased by 0.4 percent and 0.9 percent, respectively.
Audiovox Corporation (Nasdaq: VOXX) 11.3% HIGHER; reports Q4 EPS of $0.75, compared to a gain of $0.29 during the same quarter last year. Revenue for the quarter came in at $138.9 million.
China Digital TV Holding Co. Ltd. ADS (NYSE: STV) 11.1% LOWER; reported Q1 EPS of $0.13, $0.02 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $19.32 million versus the consensus estimate of $19.8 million. China Digital TV Holding Co. Ltd. ADS sees Q2 2011 revenue of $20.08-$21.6 million, versus the consensus of $22.2 million.
Cogo Group (Nasdaq: COGO) 11% LOWER; upside in China-based momentum stocks has been weak recently following concerns with a number of recent IPOs and reverse mergers.
MAKO Surgical (NASDAQ: MAKO) 9.8% HIGHER; Goldman Sachs initiates coverage on the stock with a Conviction Buy list rating and $36 price target, suggesting 43% upside.
Douglas Dynamics, Inc. (NYSE: PLOW) 9.7% LOWER; today announced it has launched a secondary offering of 5,000,000 shares of its common stock for sale by certain of its stockholders, including affiliates of Aurora Capital Group and Ares Management. The selling stockholders also propose to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares to cover over-allotments, if any.
Pluristem (Nasdaq: PSTI) 9.4% HIGHER; initiated at Outperform at Oppenheimer earlier.
Callidus Software, Inc. (NASDAQ: CALD) 9.3% LOWER; today announced that it proposes to offer $70 million principal amount of senior convertible notes.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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