Unusual 11 Mid-Day Movers 06/22: (ACHN) (AVAV) (AERL) Higher; (FSII) (PHG) (LZB) Lower

FSI International, Inc. (Nasdaq: FSII) 21.5% LOWER; reported Q3 EPS of $0.10, 2 cents better than the analyst estimate of $0.08. Revenue for the quarter came in at $25.6 million versus the consensus estimate of $26.41 million. Sees Q411 revenue of $25 - $30 million, versus the consensus of $32 million.

Achillion Pharma (Nasdaq: ACHN) 20.8% HIGHER; prices 9.6 million shares at $5.90 per share.

AeroVironment, Inc. (Nasdaq: AVAV) 19.5% HIGHER; reported Q4 EPS of $0.79, 10 cents better than the analyst estimate of $0.69. Revenue for the quarter came in at $106.1 million versus the consensus estimate of $99.16 million. Sees FY2012 EPS of $1.28 to $1.35, versus the consensus of $1.25. Sees FY2012 revenue of $321 to $326 million, versus the consensus of $320.5 million.

Asia Entertainment & Resources Ltd. (Nasdaq: AERL) 17.1% HIGHER; has declared a semi-annual dividend of $0.10 per common share, $0.20 annualized. Yield on the dividend is 3.6 percent. No record or payable dates have been set yet. The Company also announced today that its Board of Directors has authorized the establishment of a share repurchase program for the Company to purchase up to two million of its ordinary shares on the open market at prices to be determined by the Company’s management.

Spartan Motors (Nasdaq: SPAR) 15.2% HIGHER; BB&T Capital initiates coverage on the stock with a Buy. PT $9.

ReneSola (NYSE: SOL) 13.8% HIGHER; traders are buying solar stocks this morning, possibly on the back of a Collins Stewart note which argues "demand has bottomed, ASPs adjusted lower and costs declining."

Hanwha SolarOne (Nasdaq: HSOL) 13.5% HIGHER; Collins Stewart upgraded the stock from Neutral to Buy, with a price target increased by $1 to $7.50. Click here to see the full report.

Royal Philips Electronics (NYSE: PHG) 9.8% LOWER; reports that second-quarter 2011 EBITDA will be adversely impacted due to "weaker than expected market conditions, especially in the consumer sector in Western Europe and construction activity in mature markets." Further, Lighting is expected to report low single-digit comparable sales growth in the second quarter of 2011.

La-Z-Boy, Inc. (NYSE: LZB) 8.4% LOWER; reported Q4 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $338.91 million versus the consensus estimate of $325.45 million.

Wave Systems Corp. (Nasdaq: WAVX) 7.1% LOWER; filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to $30 million of Common Stock, Preferred Stock, Warrants, Units, or any combination thereof.

Adobe Systems, Inc. (Nasdaq: ADBE) 5.7% LOWER; reported Q2 earnings of 55 cents per share, 4 cents better than the analyst estimate of 51 cents per share. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $994.78 million. Sees Q311 earnings of 50 to 56 cents per share, versus the consensus of 54 cents. Sees Q311 revenue of $1.00 to $1.05 billion, versus the consensus of $1.02 billion.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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