Morning Movers 09/16: (MELA) (DMND) (XOMA) Higher; (RIMM) (NEP) (PCX) Lower
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Research In Motion Ltd (NASDAQ: RIMM) 16.9% LOWER; reported Q2 EPS of $0.80, $0.07 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.47 billion. Shipped 10.6 million BlackBerry's during the quarter. Sees Q3 2012 EPS of $1.20-$1.40, versus the consensus of $1.36. Sees Q3 2012 revenue of $5.3-$5.6 billion, versus the consensus of $5.27 billion. Sees FY12 adj-EPS toward the low end of its previously-issued range. The stock was downgraded at three firms this morning.
China North East Petroleum Holding Limited (NYSE: NEP) 14.8% LOWER; correcting today following sharp upside this week. The stock is up more than 43% this week alone.
MELA Sciences (Nasdaq: MELA) 14.1% HIGHER; stock jumping over a resistance level around $3 this morning. Volume is very heavy.
Diamond Foods, Inc. (NASDAQ: DMND) 12.5% HIGHER; reported Q4 EPS of $0.52, $0.08 better than the analyst estimate of $0.44. Revenue for the quarter came in at $232.8 million versus the consensus estimate of $216.34 million. Diamond Foods, Inc. sees FY2012 EPS of $3.05-$3.15, versus prior guidance of $3.00-$3.10 and the consensus of $3.10. Diamond Foods, Inc. sees FY2012 revenue of $1.85-$1.95 billion, versus the consensus of $1.87 billion.
Patriot Coal Corporation (NYSE: PCX) 9.6% LOWER; updates on third-quarter 2011 production. Due primarily to geological issues impacting the Company's two longwall mines, as well as the early closure of a thermal mine, production in the third quarter is expected to be down approximately 450,000 tons.
XOMA (Nasdaq: XOMA) 8.4% HIGHER; continuing higher today following a late day move to hold above the 200-day moving average yesterday. The stock price tested the moving average once again today, and bounced sharply higher.
Stratasys (NASDAQ: SSYS) 8.3% LOWER; Needham & Company downgraded the stock from Buy to Hold.
China North East Petroleum Holding Limited (NYSE: NEP) 14.8% LOWER; correcting today following sharp upside this week. The stock is up more than 43% this week alone.
MELA Sciences (Nasdaq: MELA) 14.1% HIGHER; stock jumping over a resistance level around $3 this morning. Volume is very heavy.
Diamond Foods, Inc. (NASDAQ: DMND) 12.5% HIGHER; reported Q4 EPS of $0.52, $0.08 better than the analyst estimate of $0.44. Revenue for the quarter came in at $232.8 million versus the consensus estimate of $216.34 million. Diamond Foods, Inc. sees FY2012 EPS of $3.05-$3.15, versus prior guidance of $3.00-$3.10 and the consensus of $3.10. Diamond Foods, Inc. sees FY2012 revenue of $1.85-$1.95 billion, versus the consensus of $1.87 billion.
Patriot Coal Corporation (NYSE: PCX) 9.6% LOWER; updates on third-quarter 2011 production. Due primarily to geological issues impacting the Company's two longwall mines, as well as the early closure of a thermal mine, production in the third quarter is expected to be down approximately 450,000 tons.
XOMA (Nasdaq: XOMA) 8.4% HIGHER; continuing higher today following a late day move to hold above the 200-day moving average yesterday. The stock price tested the moving average once again today, and bounced sharply higher.
Stratasys (NASDAQ: SSYS) 8.3% LOWER; Needham & Company downgraded the stock from Buy to Hold.
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