Morning Movers 06/02: (HIL) (COCO) (OWW) (GMR) Higher; (XIDE) (VRA) (CYBX) Lower
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Hill International (NYSE: HIL) 62.8% HIGHER; Hill International and its subsidiary have received about $1.5 billion in contracts from TRAC Development Group, a South Korean real estate developer, to provide project management and construction management services in connection with a major housing development in Iraq. The contracts, each for a period of three years, have an estimated value to Hill of approximately $200 million and to HillStone of approximately $1.3 billion.
Corinthian Colleges (Nasdaq: COCO) 33.3% HIGHER; new rules on gainful employment are being viewed as much less onerous than expected. The entire sector is trading sharply higher this morning amid the news.
Orbitz (NYSE: OWW) 31.4% HIGHER; shares are trading higher as an Illinois court ordered AMR Corp's (NYSE: AMR) American Airlines to put its flight schedule back on the site.
Education Management (Nasdaq: EDMC) 26.4% HIGHER; new rules on gainful employment are being viewed as much less onerous than expected. The entire sector is trading sharply higher this morning amid the news.
ITT Educational Services (NYSE: ESI) 21.2% HIGHER; see COCO or EDMC.
Exide Technologies (Nasdaq: XIDE) 21.2% LOWER; reported Q4 EPS of $0.15, $0.10 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $774.5 million versus the consensus estimate of $756 million. Sees FY12 operating income to be in the range of $160 million to $170 million. The stock was downgraded to Underperform at Wedbush earlier.
General Maritime (NYSE: GMR) 19.4% HIGHER; shares spiked higher in early-morning trade as the Baltic Dry Index has now traded higher for nine days in a row.
Strayer (Nasdaq: STRA) 18.8% HIGHER; see COCO or EDMC.
Vera Bradley, Inc. (NASDAQ: VRA) 16.2% LOWER; reported Q1 EPS of $0.25, $0.02 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $100.23 million. Sees Q2 2012 EPS of $0.27-$0.29, versus the consensus of $0.26. Sees Q2 2012 revenue of $95-$98 million, versus the consensus of $94.85 million. Sees FY2012 EPS of $1.27-$1.30, versus the consensus of $1.28. Sees FY2012 revenue of $430-$435 million, versus the consensus of $433.69 million.
Cyberonics (NASDAQ: CYBX) 16.1% LOWER; reported Q4 EPS of $0.26, $0.03 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $51.1 million versus the consensus estimate of $51.62 million. Sees FY2012 revenue of $212-$215 million, versus the consensus of $216.45 million.
MicroVision, Inc. (NASDAQ: MVIS) 15.4% HIGHER; announced its SHOWWX+® laser pico projector will be available for purchase in Apple’s online stores in Europe, Middle East and Africa starting this month.
Charming Shoppes (NASDAQ: CHRS) 13.7% HIGHER; reported Q1 EPS of $0.17, $0.05 better than the analyst estimate of $0.12. Revenue for the quarter came in at $504.4 million versus the consensus estimate of $506.76 million. Comps up 2 percent.
Agilysys (Nasdaq: AGYS) 13.3% HIGHER; breaking above the $7 level following news on Tuesday the company will sell its Technology Solutions Business for $64 million. Prior to today's move higher, the stock was up more than 45 percent this week.
DeVry (NYSE: DV) 11.4% HIGHER; see COCO or EDMC.
Zumiez Inc. (Nasdaq: ZUMZ) 11.3% LOWER; reports total sales for the month of May were $30.3 million, up 14.9 percent from the same period last year. Same store sales rose 7.8 percent. The stock was also downgraded at Janney this morning.
Affymetrix (Nasdaq: AFFX) 11.1% HIGHER; upgraded at Baird this morning. The stock rose 3 percent yesterday following news of a new CEO appointment.
Apollo Group (Nasdaq: APOL) 10.8% HIGHER; see COCO or EDMC.
Career Education (Nasdaq: CECO) 10% HIGHER; see COCO or EDMC.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Corinthian Colleges (Nasdaq: COCO) 33.3% HIGHER; new rules on gainful employment are being viewed as much less onerous than expected. The entire sector is trading sharply higher this morning amid the news.
Orbitz (NYSE: OWW) 31.4% HIGHER; shares are trading higher as an Illinois court ordered AMR Corp's (NYSE: AMR) American Airlines to put its flight schedule back on the site.
Education Management (Nasdaq: EDMC) 26.4% HIGHER; new rules on gainful employment are being viewed as much less onerous than expected. The entire sector is trading sharply higher this morning amid the news.
ITT Educational Services (NYSE: ESI) 21.2% HIGHER; see COCO or EDMC.
Exide Technologies (Nasdaq: XIDE) 21.2% LOWER; reported Q4 EPS of $0.15, $0.10 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $774.5 million versus the consensus estimate of $756 million. Sees FY12 operating income to be in the range of $160 million to $170 million. The stock was downgraded to Underperform at Wedbush earlier.
General Maritime (NYSE: GMR) 19.4% HIGHER; shares spiked higher in early-morning trade as the Baltic Dry Index has now traded higher for nine days in a row.
Strayer (Nasdaq: STRA) 18.8% HIGHER; see COCO or EDMC.
Vera Bradley, Inc. (NASDAQ: VRA) 16.2% LOWER; reported Q1 EPS of $0.25, $0.02 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $100.23 million. Sees Q2 2012 EPS of $0.27-$0.29, versus the consensus of $0.26. Sees Q2 2012 revenue of $95-$98 million, versus the consensus of $94.85 million. Sees FY2012 EPS of $1.27-$1.30, versus the consensus of $1.28. Sees FY2012 revenue of $430-$435 million, versus the consensus of $433.69 million.
Cyberonics (NASDAQ: CYBX) 16.1% LOWER; reported Q4 EPS of $0.26, $0.03 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $51.1 million versus the consensus estimate of $51.62 million. Sees FY2012 revenue of $212-$215 million, versus the consensus of $216.45 million.
MicroVision, Inc. (NASDAQ: MVIS) 15.4% HIGHER; announced its SHOWWX+® laser pico projector will be available for purchase in Apple’s online stores in Europe, Middle East and Africa starting this month.
Charming Shoppes (NASDAQ: CHRS) 13.7% HIGHER; reported Q1 EPS of $0.17, $0.05 better than the analyst estimate of $0.12. Revenue for the quarter came in at $504.4 million versus the consensus estimate of $506.76 million. Comps up 2 percent.
Agilysys (Nasdaq: AGYS) 13.3% HIGHER; breaking above the $7 level following news on Tuesday the company will sell its Technology Solutions Business for $64 million. Prior to today's move higher, the stock was up more than 45 percent this week.
DeVry (NYSE: DV) 11.4% HIGHER; see COCO or EDMC.
Zumiez Inc. (Nasdaq: ZUMZ) 11.3% LOWER; reports total sales for the month of May were $30.3 million, up 14.9 percent from the same period last year. Same store sales rose 7.8 percent. The stock was also downgraded at Janney this morning.
Affymetrix (Nasdaq: AFFX) 11.1% HIGHER; upgraded at Baird this morning. The stock rose 3 percent yesterday following news of a new CEO appointment.
Apollo Group (Nasdaq: APOL) 10.8% HIGHER; see COCO or EDMC.
Career Education (Nasdaq: CECO) 10% HIGHER; see COCO or EDMC.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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