Unusual 11 Mid-Day Movers 05/19: (QPSA) (PURE) (OESX) Higher; (CCSC) (SMT) (NEI) Lower
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Quepasa Corp. (AMEX: QPSA) 29.8% HIGHER; ripping higher on LinkedIn's (NYSE: LNKD) IPO today.
Country Style Cooking Restaurant Chain (NYSE: CCSC) 25.3% LOWER; reported Q1 EPS of $0.08, 3 cents worse than the analyst estimate of $0.11. Revenue for the quarter came in at $34 million versus the consensus estimate of $34.9 million. Comparable restaurant sales increased by 4.4%.
PURE Bioscience, Inc. (Nasdaq: PURE) 25.2% HIGHER; today announced preliminary in vitro laboratory results demonstrating SDC’s effectiveness against biofilm in tests conducted by the University of Medicine & Dentistry of New Jersey.
Smart Technologies Inc. (Nasdaq: SMT) 24.2% LOWER; reported Q4 adjusted EPS of $0.01, $0.07 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $167.3 million versus the consensus estimate of $162.95 million.
Network Engines, Inc. (Nasdaq: NEI) 22.8% LOWER; announced that it has been notified by EMC that, as part of a strategic initiative, the integration of EMC's Avamar product line will be dual sourced beginning in the quarter ending September 30, 2011. The company notes that this announcement will not impact its Q311 results and is reaffirming its previous guidance. The news will weigh on its Q411 results, and NEI believes that its will reduce revenues by $5 - $7 million and net income by $500,000 - $700,000.
Yongye International, Inc. (Nasdaq: YONG) 13.6% LOWER; shares continue to sell today, dopping as low as $3.01, a new 52-week low, following investor speculation as Absaroka Capital initiated coverage on the stock with a Sell rating, calling Yongye a "fraud." Volume is about 3x average at mid-day. Shares closed 5.5 percent lower yesterday.
Buckle, Inc. (NYSE: BKE) 12.7% LOWER; reported Q1 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $240.1 million versus the consensus estimate of $238.23 million.
Orion Energy Systems, Inc. (NYSE: OESX) 12.5% HIGHER; reported Q4 adjusted EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $31.63 million versus the consensus estimate of $23.05 million.
Fuwei Films (Nasdaq: FFHL) 12.2% HIGHER; announces completion of major shareholders' ownership transfer and NASDAQ's withdrawal of delisting notification.
Jiayuan.com International Ltd. (Nasdaq: DATE) 12.2% HIGHER; the Chinese online dating platform might also be seeing some upside from professional social networking platform LinkedIn's IPO.
Harris & Harris Group (Nasdaq: TINY) 11.2% HIGHER; trading higher today, possibly on the back of management's letter to shareholders. Additionally, traders may be buying the stock today following a bullish article on SeekingAlpha last night entitled "Harris & Harris to Benefit From Solazyme IPO."
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Country Style Cooking Restaurant Chain (NYSE: CCSC) 25.3% LOWER; reported Q1 EPS of $0.08, 3 cents worse than the analyst estimate of $0.11. Revenue for the quarter came in at $34 million versus the consensus estimate of $34.9 million. Comparable restaurant sales increased by 4.4%.
PURE Bioscience, Inc. (Nasdaq: PURE) 25.2% HIGHER; today announced preliminary in vitro laboratory results demonstrating SDC’s effectiveness against biofilm in tests conducted by the University of Medicine & Dentistry of New Jersey.
Smart Technologies Inc. (Nasdaq: SMT) 24.2% LOWER; reported Q4 adjusted EPS of $0.01, $0.07 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $167.3 million versus the consensus estimate of $162.95 million.
Network Engines, Inc. (Nasdaq: NEI) 22.8% LOWER; announced that it has been notified by EMC that, as part of a strategic initiative, the integration of EMC's Avamar product line will be dual sourced beginning in the quarter ending September 30, 2011. The company notes that this announcement will not impact its Q311 results and is reaffirming its previous guidance. The news will weigh on its Q411 results, and NEI believes that its will reduce revenues by $5 - $7 million and net income by $500,000 - $700,000.
Yongye International, Inc. (Nasdaq: YONG) 13.6% LOWER; shares continue to sell today, dopping as low as $3.01, a new 52-week low, following investor speculation as Absaroka Capital initiated coverage on the stock with a Sell rating, calling Yongye a "fraud." Volume is about 3x average at mid-day. Shares closed 5.5 percent lower yesterday.
Buckle, Inc. (NYSE: BKE) 12.7% LOWER; reported Q1 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $240.1 million versus the consensus estimate of $238.23 million.
Orion Energy Systems, Inc. (NYSE: OESX) 12.5% HIGHER; reported Q4 adjusted EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $31.63 million versus the consensus estimate of $23.05 million.
Fuwei Films (Nasdaq: FFHL) 12.2% HIGHER; announces completion of major shareholders' ownership transfer and NASDAQ's withdrawal of delisting notification.
Jiayuan.com International Ltd. (Nasdaq: DATE) 12.2% HIGHER; the Chinese online dating platform might also be seeing some upside from professional social networking platform LinkedIn's IPO.
Harris & Harris Group (Nasdaq: TINY) 11.2% HIGHER; trading higher today, possibly on the back of management's letter to shareholders. Additionally, traders may be buying the stock today following a bullish article on SeekingAlpha last night entitled "Harris & Harris to Benefit From Solazyme IPO."
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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