Morning Movers 07/28: (RBY) (RGR) (SKX) (DVAX) (MBLX) Higher; (SQNS) (CLWR) (THQI) (TQNT) Lower

Sequans Communications (NYSE: SQNS) 36% LOWER; reported Q2 EPS of $0.08, versus $0.03 reported last year. Revenue for the quarter came in at $30.6 million, versus $25.4 million reported last year. Sees Q3 2011 EPS of $0.00-$0.05. Sees Q3 2011 revenue of $25-$28 million.

Rubicon Minerals Corporation (AMEX: RBY) 27.1% HIGHER; announced Agnico-Eagle Mines Limited (NYSE: AEM) today entered into a subscription agreement under which Agnico-Eagle will make a strategic investment of C$70,000,000 in Rubicon Minerals by way of a non-brokered private placement of common shares. Under the terms of the subscription agreement, Agnico-Eagle will purchase a total of 21,671,827 common shares at C$3.23 per common share. As a result of the private placement, Agnico-Eagle will own 9.2% of the issued and outstanding shares of Rubicon Minerals.

Sturm Ruger & Co. (NYSE: RGR) 23.4% HIGHER; reported Q2 EPS of $0.57, $0.16 better than the analyst estimate of $0.41. Revenue for the quarter came in at $79.6 million versus the consensus estimate of $69.83 million.

Skechers USA Inc. (NYSE: SKX) 23.4% HIGHER; reported Q2 EPS of ($0.62), $0.28 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $434.4 million versus the consensus estimate of $438.48 million.

Clearwire (Nasdaq: CLWR) 23% LOWER; traders selling on a number of items: weak earnings at Sprint, news Philip Falcone's LightSquared and Sprint have officially entered a 15-year deal and comments from Time Warner Cable CEO which said the company is not "obligated to make more investments" in the company.

Dynavax Technologies (NASDAQ: DVAX) 22.2% HIGHER; said the Center for Biologics Evaluation and Research of the FDA advised the company that "CBER agrees that clinical consistency of three consecutively manufactured lots of HEPLISAV has been demonstrated."

Metabolix, Inc. (NASDAQ: MBLX) 21.6% HIGHER; reported Q2 EPS of ($0.33), in-line with the analyst estimate of ($0.33).

THQ, Inc. (NASDAQ: THQI) 21.6% LOWER; reported Q1 EPS of ($0.56), $0.04 worse than the analyst estimate of ($0.52). Revenue for the quarter came in at $195.2 million versus the consensus estimate of $172.37 million.

Green Mountain Coffee Roasters (NASDAQ: GMCR) 21.1% HIGHER; reported Q3 EPS of $0.49, $0.12 better than the analyst estimate of $0.37. Revenue for the quarter came in at $717.2 million versus the consensus estimate of $606.76 million. Sees Q4 2011 EPS of $0.44-$0.48, versus the consensus of $0.43. Sees FY2012 EPS of $2.55-$2.65, versus the consensus of $2.15.

Triquint Semiconductor, Inc. (NASDAQ: TQNT) 20.7% LOWER; reported Q2 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $228.8 million versus the consensus estimate of $236.48 million. Sees Q3 2011 EPS of $0.16-$0.18, versus the consensus of $0.25. Sees Q3 2011 revenue of $225-$235 million, versus the consensus of $267 million.

AXT, Inc. (Nasdaq: AXTI) 19.9% HIGHER; reports Q2 EPS of $0., cents better than the analyst estimate of $0.14. Revenue for the quarter came in at $30 million, versus the consensus estimate of $26.96 million. Sees Q3 EPS of 18-20c on sales of $30.5-$31.5 million.

Coffee Holding Co. (Nasdaq: JVA) 19.4% HIGHER; trading higher on the back of solid results from Green Mountain. Traders may also be buying the stock amid the IPO of Teavana (NYSE: TEA) this morning.

Liz Claiborne, Inc. (NYSE: LIZ) 19.3% HIGHER; reported Q2 EPS of ($0.34), $0.02 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $555.8 million versus the consensus estimate of $522.17 million.

Hill-Rom Holdings, Inc. (NYSE: HRC) 19.1% LOWER; reported Q3 EPS of $0.47, $0.07 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $384.8 million versus the consensus estimate of $390.47 million. Sees FY11 EPS of $2.26-$2.30, versus the consensus of $2.33.

support.com, Inc. (NASDAQ: SPRT) 18.6% LOWER; reported Q2 loss of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $13.5 million versus the consensus estimate of $13.35 million.

Akamai Technologies, Inc. (NASDAQ: AKAM) 18.5% LOWER; reported Q2 EPS of $0.35, $0.01 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $277 million versus the consensus estimate of $277.98 million.

Sprint Nextel (NYSE: S) 18% LOWER; reported Q2 EPS of ($0.28), $0.15 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $8.31 billion versus the consensus estimate of $8.3 billion. The company added nearly 1.1 million total net wireless subscribers primarily driven by net prepaid subscriber additions of 674,000, net wholesale and affiliate subscriber additions of 519,000 and net postpaid subscriber additions of 275,000 for the Sprint brand.

Alcatel-Lucent (NYSE: ALU) 16.7% LOWER; reports Q2 EPS of $0.03. Revenue for the quarter was €3.903 billion, compared to €3.54 billion in Q210.

Flagstar (NYSE: FBC) 16.3% LOWER; continuing lower following a 17 percent decline yesterday. The stock was downgraded at FBR this morning.

Interpublic Group of Cos. (NYSE: IPG) 16.2% LOWER; reported Q2 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.75 billion.

LSI (NYSE: LSI) 16% HIGHER; reported Q2 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $501 million versus the consensus estimate of $482.31 million. Sees Q3 2011 EPS of $0.11-$0.13, versus the consensus of $0.12. LSI sees Q3 2011 revenue of $535-$565 million, versus the consensus of $510.7 million.

Strayer Education, Inc. (NASDAQ: STRA) 15.9% LOWER; reported Q2 EPS of $2.53, $0.14 better than the analyst estimate of $2.39. Revenue for the quarter came in at $163.8 million versus the consensus estimate of $165.87 million. Strayer Education, Inc. sees Q3 2011 EPS of $1.04-$1.06, versus the consensus of $1.37.

Cache, Inc. (NASDAQ: CACH) 15.8% HIGHER; reported Q2 EPS of $0.22, $0.04 better than the analyst estimate of $0.18. Revenue for the quarter came in at $60.3 million versus the consensus estimate of $59.36 million. Cache, Inc. sees Q3 2011 EPS of $-0.08-$-0.06, versus the consensus of $-0.12. The Company currently expects comparable store sales for Q3 2011 to increase in the mid single digit range. For the second half of fiscal 2011, the Company currently expects comparable store sales to increase in the mid-to-high single digit range. The Company also expects to report second half net income per diluted share in the range of $0.18 to $0.22.

GNC Holdings (NYSE: GNC) 15.1% HIGHER; reported Q2 EPS of $0.39, $0.07 better than the analyst estimate of $0.32. Revenue for the quarter came in at $518.5 million versus the consensus estimate of $489.98 million. Sees FY2011 EPS of $1.28-$1.30, versus prior guidance of $1.17-$1.20 and the consensus of $1.21. GNC Holdings sees FY2011 revenue of $1.98-$2 billion, versus the consensus of $1.96 billion. This is a 9%-10% increase Y/Y, up from its previous forecast of 7%-8%. Adjusted EBITDA of between $313 and $316 million, an 18% to 19% increase over 2010 Adjusted EBITDA of $265 million. This compares to our previous outlook of an 11% to 13% increase.

Clearwater Paper (NYSE: CLW) 14.9% HIGHER; reported Q2 EPS of $1.17, $0.45 worse than the analyst estimate of $1.62. Revenue for the quarter came in at $494.63 million versus the consensus estimate of $480.08 million. The company also separately announced today a 2-for-1 stock split in the form of a stock dividend and the Board of Director’s approval of a $30 million stock repurchase program.

Town Sports International Holdings, Inc. (NASDAQ: CLUB) 14.8% HIGHER; reported Q2 adjusted EPS of $0.16, $0.05 better than the analyst estimate of $0.11. Revenue for the quarter came in at $118.29 million versus the consensus estimate of $118 million.

Quantum Corp. (NYSE: QTM) 14.1% LOWER; reported Q1 adjusted EPS of $0.01, $0.02 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $154 million versus the consensus estimate of $159.87 million. Sees Q2 2011GAAP operating expenses of $66 million and non-GAAP operating expenses of $60 million. Sees Q2 2011 revenue of $160 million, versus the consensus of $170.32 million.

Bank of Ireland (NYSE: IRE) 13.3% HIGHER; received a $1.6 billion investment from Wilbur Ross and a group of investors including Fairfax Financial, Capital Research and Fidelity. As a whole, the group will own 34.9 percent of the company.

Oshkosh (NYSE: OSK) 13.2% LOWER; reported Q3 EPS of $0.75, $0.02 better than the analyst estimate of $0.73. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $1.89 billion.

Pinnacle Data Systems, Inc. (NYSE: PNS) 13% LOWER; reported Q2 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $6.8 million versus the consensus estimate of $6.5 million.

Advance America (NYSE: AEA) 12.6% LOWER; reported Q2 EPS of $0.14, $0.01 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $140.7 million versus the consensus estimate of $147.03 million.

Right Now Technologies, Inc. (NASDAQ: RNOW) 12.2% HIGHER; reported Q2 EPS of $0.15, $0.03 better than the analyst estimate of $0.12. Revenue for the quarter came in at $54.8 million versus the consensus estimate of $54.11 million. Sees Q3 2011 EPS of $0.15, versus the consensus of $0.15. Sees FY2011 EPS of $0.58, versus the consensus of $0.56.

IMAX Corp. (NASDAQ: IMAX) 12.1% LOWER; reported Q2 EPS of $0.07, $0.13 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $57.23 million versus the consensus estimate of $63.18 million.

Crocs, Inc. (NASDAQ: CROX) 11.9% HIGHER; reported Q2 EPS of $0.61, $0.18 better than the analyst estimate of $0.43. Revenue for the quarter came in at $295.6 million versus the consensus estimate of $281.64 million. Said expects Q3 revenue of approximately $280 million, a 30% increase over the third quarter of 2010. The Company expects diluted earnings per share for the third quarter of 2011 to be approximately $0.40. This is above the consensus of $0.32 and $264.15 million.

BorgWarner, Inc. (NYSE: BWA) 11.4% HIGHER; reported Q2 EPS of $1.12, $0.13 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.82 billion versus the consensus estimate of $1.74 billion. Sees FY2011 EPS of $4.25-$4.45, versus prior guidance of $3.85-$4.15 and the consensus of $4.12.

SodaStream (Nasdaq: SODA) 10.8% HIGHER; traders buying as a play on strong results from Green Mountain. The company makes make-your-own and single-serve style soda, similar to the system Green Mountain is seeing so much success from. An analyst at Oppenheimer also made positive comments on the stock and raised the firm's price target from $60 to $80.

Tennant Co. (NYSE: TNC) 10.7% HIGHER; reported Q2 EPS of $0.56, $0.09 better than the analyst estimate of $0.47. Revenue for the quarter came in at $201.3 million versus the consensus estimate of $186.45 million. Sees FY2011 EPS of $1.95-$2.05, versus prior guidance of $1.75-$1.95 and the consensus of $1.78. Sees FY2011 revenue of $750-$765 million, versus prior guidance of $710-$730 million and the consensus of $734.50 million.

Whiting Petroleum Corp. (NYSE: WLL) 10.5% LOWER; reported Q2 EPS of $1.02, $0.01 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $481.2 million versus the consensus estimate of $476.62 million.

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