Morning Movers 10/26: (LNG) (MEG) (CLWR) (RTK) (QCOR) (FTK) Higher; (MF) (MTSN) (HGSI) Lower
Tweet
Share
E-mail
Get Alerts LNG Hot Sheet
Join SI Premium – FREE
Cheniere Energy (NYSE: LNG) 61.9% HIGHER; BG Group signed a fully-termed sale and purchase agreement for the purchase of 3.5 million tonnes per annum (mtpa) of liquefied natural gas over a 20-year period from the Sabine Pass LNG terminal located in Louisiana, USA.
MF Global (NYSE: MF) 38.2% LOWER; WSJ reporting the company has hired investment banks in order to explore possible mergers. Today's decline looks that much worse considering shares plunged nearly 50 percent yesterday.
Media General (NYSE: MEG) 27.1% HIGHER; after holding very closely to its 200-day SMA from October 14th to October 20th, the stock continues to breakout today. Shares are up more than 93 percent over the last week.
Clearwire Corporation (Nasdaq: CLWR) 24% HIGHER; shares are surging after Sprint Nextel (NYSE: S) said the two sides are negotiating a potential network-sharing agreement for LTE. Sprint commented about this on its conference call this morning.
Rentech (AMEX: RTK) 22.5% HIGHER; trading higher amid news Rentech Nitrogen Partners LP has launched a public offering of 15 million units at $19-$21 per unit.
Mattson Technology, Inc. (NASDAQ: MTSN) 21.4% LOWER; reported Q3 EPS of ($0.04), $0.05 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $44.9 million versus the consensus estimate of $45.14 million.
Human Genome Sciences, Inc. (NASDAQ: HGSI) 21.3% LOWER; reported Q3 loss of ($0.45), $0.06 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $34 million versus the consensus estimate of $37.31 million. In previous guidance, originally provided in February 2011, HGS expected cash and investments at year-end 2011 to total between $550 million and $650 million. The Company now expects cash and investments at year-end 2011 to total between $440 million and $470 million, net of $79 million principal amount and interest paid upon maturity of the 2011 convertible debt.
Valassis Communications, Inc. (NYSE: VCI) 21% LOWER; reported Q3 EPS of $0.79, $0.06 better than the analyst estimate of $0.73. Revenue for the quarter came in at $528.4 million versus the consensus estimate of $571.1 million. Valassis Communications, Inc. sees FY2011 adjusted diluted EPS of $2.56, versus the consensus of $2.82.
Questcor Pharmacueticals, Inc. (NASDAQ: QCOR) 17.5% HIGHER; reported Q3 EPS of $0.37, $0.11 better than the analyst estimate of $0.26. Revenue for the quarter came in at $59.8 million versus the consensus estimate of $53.42 million.
Flotek Industries, Inc. (NYSE: FTK) 17% HIGHER; forecasts sales will exceed $74 million for the quarter. The consensus for the quarter is $59.96 million. The company will report its Q3 results on November 10.
iRobot Corporation (NASDAQ: IRBT) 16.8% HIGHER; reported Q3 EPS of $0.50, $0.24 better than the analyst estimate of $0.26. Revenue for the quarter came in at $120.4 million versus the consensus estimate of $119.14 million. Sees Q4 2011 EPS of $0.26-$0.30, versus the consensus of $0.29. Sees Q4 2011 revenue of $130-$135 million, versus the consensus of $132.88 million. Sees FY2011 EPS of $1.32-$1.36, versus prior guidance of $1.04-$1.10 and the consensus of $1.11. Sees FY2011 revenue of $465-$470 million, versus prior guidance of $460-$470 million and the consensus of $470.88 million.
Abaxis, Inc. (NASDAQ: ABAX) 15.7% HIGHER; reported Q2 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $40 million versus the consensus estimate of $37.88 million.
Panera Bread Co. (NASDAQ: PNRA) 15.6% HIGHER; reported Q3 EPS of $0.97, $0.03 better than the analyst estimate of $0.94. Revenue for the quarter came in at $453 million versus the consensus estimate of $446.97 million. Panera Bread Co. sees Q4 2011 EPS of $1.39-$1.41, versus the consensus of $1.37. Panera Bread Co. sees FY2012 EPS of $5.38-$5.48, versus the consensus of $5.29.
Masimo Corporation (NASDAQ: MASI) 15.3% LOWER; reported Q3 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $104 million versus the consensus estimate of $109.67 million. Cuts its FY11 sales guidance from $446-$463 million to $436-$439 million, which compares to the Street estimate of $449.5 million. Sees FY11 GAAP EPS of $1.04-$1.06.
DeVry, Inc. (NYSE: DV) 15.3% LOWER; reported Q1 EPS of $0.83, $0.13 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $519 million versus the consensus estimate of $529.28 million. The stock was downgraded at Barclays and JPMorgan.
Meredith Corp. (NYSE: MDP) 15.1% HIGHER; reported Q1 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $328 million versus the consensus estimate of $326.52 million. Meredith Corp. sees Q2 2012 EPS of $0.65-$0.70, versus the consensus of $0.67. Reaffirms FY12 outlook. Last night the company raised its annual dividend by 50% to $1.53/share and authorized a $100 million buyback program.
Kona Grill, Inc. (NASDAQ: KONA) 15.1% LOWER; reported Q3 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $23.8 million versus the consensus estimate of $23.85 million. Names Michael Nahkunst as CEO.
Manitowoc Co. (NYSE: MTW) 14.8% HIGHER; reported Q3 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $935.4 million versus the consensus estimate of $935.14 million.
ACCO Brands (NYSE: ABD) 14.5% HIGHER; reported Q3 adjusted EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $339.1 million versus the consensus estimate of $334.13 million.
Ultimate Software Group, Inc. (NASDAQ: ULTI) 14.4% HIGHER; reported Q3 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $67.8 million versus the consensus estimate of $68.16 million. Sees Q4 2011 revenue of $72 million, versus the consensus of $73.5 million.
First Solar, Inc. (NASDAQ: FSLR) 14% HIGHER; reported Q3 EPS of $2.25, versus the analyst estimate of $2.64. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.01 billion. With respect to Rob Gillette's departure, Ahearn said, "We thank Rob for his service, but the Board of Directors believes First Solar needed a leadership change to navigate through the industry turmoil and achieve our long-term goals." First Solar, Inc. sees FY2011 EPS of $6.50-$7.50, versus the consensus of $8.84. First Solar, Inc. sees FY2011 revenue of $3.0-$3.3 billion, vs. the consensus of $3.59 billion. While the guidance was certainly horrendous, the move higher is likely a bounce following a 25% decline yesterday.
Axcelis Technologies, Inc. (NASDAQ: ACLS) 13.9% HIGHER; reported Q3 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $72.5 million versus the consensus estimate of $84.09 million.
RadioShack Corp. (NYSE: RSH) 13.8% LOWER; reported Q3 EPS of $0.15, $0.21 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.04 billion. Raises annual dividend from 25 to 50 cent. Authorizes $200 million buyback.
Stratasys, Inc. (NASDAQ: SSYS) 12.1% HIGHER; reported Q3 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $39.7 million versus the consensus estimate of $38.22 million. Stratasys, Inc. sees FY2012 EPS of $1.02-$1.13, versus the consensus of $1.08. Stratasys, Inc. sees FY2012 revenue of $175-$190 million, versus the consensus of $177.48 million.
Amazon.com (NASDAQ: AMZN) 12% LOWER; reported Q3 EPS of $0.14, vs. the analyst estimate of $0.24. Revenue for the quarter came in at $10.9 billion versus the consensus estimate of $10.93 billion. Sees Q4 sales $16.45-$18.65 billion, vs. the consensus of $18.16 billion.
LeCroy Corp (NASDAQ: LCRY) 11.7% HIGHER; reported Q1 EPS of $0.26, $0.01 better than the analyst estimate of $0.25. Revenue for the quarter came in at $49 million versus the consensus estimate of $47.5 million. Sees FY2012 EPS of $1.16-$1.21, versus the consensus of $1.17. Sees FY2012 revenue of $200-$205 million, versus the consensus of $199.48 million. Sees Q2 2012 EPS of $0.29-$0.31, versus the consensus of $0.30. Sees Q2 2012 revenue of $50-$52 million, versus the consensus of $50.15 million.
Itron, Inc. (NASDAQ: ITRI) 11.6% HIGHER; reported Q3 EPS of $0.92, $0.12 worse than the analyst estimate of $1.04. Revenue for the quarter came in at $626 million versus the consensus estimate of $583.2 million. The company also announced today that its Board of Directors has authorized the repurchase of up to $100 million of Itron common stock. Also announced a restructuring initiative which will effect the headcount by 750 positions.
Websense, Inc. (NASDAQ: WBSN) 10.8% LOWER; reported Q3 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $92.1 million versus the consensus estimate of $91.51 million.
Sprint Nextel (NYSE: S) 10% LOWER; reported Q3 EPS of ($0.10), $0.12 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $8.33 billion versus the consensus estimate of $8.38 billion. Total wireless sub adds 1.3 million, net postpaid subs fell 44,000. As many analysts pointed out yesterday ahead of the results, the earnings were a non-factor.
Bemis Co., Inc. (NYSE: BMS) 10% LOWER; reported Q3 EPS of $0.56, $0.02 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.37 billion. Bemis Co., Inc. sees Q4 2011 EPS of $0.36-$0.42, versus the consensus of $0.55. Bemis Co., Inc. sees FY2011 EPS of $1.90-$1.96, versus the consensus of $2.11.
MF Global (NYSE: MF) 38.2% LOWER; WSJ reporting the company has hired investment banks in order to explore possible mergers. Today's decline looks that much worse considering shares plunged nearly 50 percent yesterday.
Media General (NYSE: MEG) 27.1% HIGHER; after holding very closely to its 200-day SMA from October 14th to October 20th, the stock continues to breakout today. Shares are up more than 93 percent over the last week.
Clearwire Corporation (Nasdaq: CLWR) 24% HIGHER; shares are surging after Sprint Nextel (NYSE: S) said the two sides are negotiating a potential network-sharing agreement for LTE. Sprint commented about this on its conference call this morning.
Rentech (AMEX: RTK) 22.5% HIGHER; trading higher amid news Rentech Nitrogen Partners LP has launched a public offering of 15 million units at $19-$21 per unit.
Mattson Technology, Inc. (NASDAQ: MTSN) 21.4% LOWER; reported Q3 EPS of ($0.04), $0.05 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $44.9 million versus the consensus estimate of $45.14 million.
Human Genome Sciences, Inc. (NASDAQ: HGSI) 21.3% LOWER; reported Q3 loss of ($0.45), $0.06 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $34 million versus the consensus estimate of $37.31 million. In previous guidance, originally provided in February 2011, HGS expected cash and investments at year-end 2011 to total between $550 million and $650 million. The Company now expects cash and investments at year-end 2011 to total between $440 million and $470 million, net of $79 million principal amount and interest paid upon maturity of the 2011 convertible debt.
Valassis Communications, Inc. (NYSE: VCI) 21% LOWER; reported Q3 EPS of $0.79, $0.06 better than the analyst estimate of $0.73. Revenue for the quarter came in at $528.4 million versus the consensus estimate of $571.1 million. Valassis Communications, Inc. sees FY2011 adjusted diluted EPS of $2.56, versus the consensus of $2.82.
Questcor Pharmacueticals, Inc. (NASDAQ: QCOR) 17.5% HIGHER; reported Q3 EPS of $0.37, $0.11 better than the analyst estimate of $0.26. Revenue for the quarter came in at $59.8 million versus the consensus estimate of $53.42 million.
Flotek Industries, Inc. (NYSE: FTK) 17% HIGHER; forecasts sales will exceed $74 million for the quarter. The consensus for the quarter is $59.96 million. The company will report its Q3 results on November 10.
iRobot Corporation (NASDAQ: IRBT) 16.8% HIGHER; reported Q3 EPS of $0.50, $0.24 better than the analyst estimate of $0.26. Revenue for the quarter came in at $120.4 million versus the consensus estimate of $119.14 million. Sees Q4 2011 EPS of $0.26-$0.30, versus the consensus of $0.29. Sees Q4 2011 revenue of $130-$135 million, versus the consensus of $132.88 million. Sees FY2011 EPS of $1.32-$1.36, versus prior guidance of $1.04-$1.10 and the consensus of $1.11. Sees FY2011 revenue of $465-$470 million, versus prior guidance of $460-$470 million and the consensus of $470.88 million.
Abaxis, Inc. (NASDAQ: ABAX) 15.7% HIGHER; reported Q2 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $40 million versus the consensus estimate of $37.88 million.
Panera Bread Co. (NASDAQ: PNRA) 15.6% HIGHER; reported Q3 EPS of $0.97, $0.03 better than the analyst estimate of $0.94. Revenue for the quarter came in at $453 million versus the consensus estimate of $446.97 million. Panera Bread Co. sees Q4 2011 EPS of $1.39-$1.41, versus the consensus of $1.37. Panera Bread Co. sees FY2012 EPS of $5.38-$5.48, versus the consensus of $5.29.
Masimo Corporation (NASDAQ: MASI) 15.3% LOWER; reported Q3 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $104 million versus the consensus estimate of $109.67 million. Cuts its FY11 sales guidance from $446-$463 million to $436-$439 million, which compares to the Street estimate of $449.5 million. Sees FY11 GAAP EPS of $1.04-$1.06.
DeVry, Inc. (NYSE: DV) 15.3% LOWER; reported Q1 EPS of $0.83, $0.13 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $519 million versus the consensus estimate of $529.28 million. The stock was downgraded at Barclays and JPMorgan.
Meredith Corp. (NYSE: MDP) 15.1% HIGHER; reported Q1 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $328 million versus the consensus estimate of $326.52 million. Meredith Corp. sees Q2 2012 EPS of $0.65-$0.70, versus the consensus of $0.67. Reaffirms FY12 outlook. Last night the company raised its annual dividend by 50% to $1.53/share and authorized a $100 million buyback program.
Kona Grill, Inc. (NASDAQ: KONA) 15.1% LOWER; reported Q3 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $23.8 million versus the consensus estimate of $23.85 million. Names Michael Nahkunst as CEO.
Manitowoc Co. (NYSE: MTW) 14.8% HIGHER; reported Q3 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $935.4 million versus the consensus estimate of $935.14 million.
ACCO Brands (NYSE: ABD) 14.5% HIGHER; reported Q3 adjusted EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $339.1 million versus the consensus estimate of $334.13 million.
Ultimate Software Group, Inc. (NASDAQ: ULTI) 14.4% HIGHER; reported Q3 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $67.8 million versus the consensus estimate of $68.16 million. Sees Q4 2011 revenue of $72 million, versus the consensus of $73.5 million.
First Solar, Inc. (NASDAQ: FSLR) 14% HIGHER; reported Q3 EPS of $2.25, versus the analyst estimate of $2.64. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.01 billion. With respect to Rob Gillette's departure, Ahearn said, "We thank Rob for his service, but the Board of Directors believes First Solar needed a leadership change to navigate through the industry turmoil and achieve our long-term goals." First Solar, Inc. sees FY2011 EPS of $6.50-$7.50, versus the consensus of $8.84. First Solar, Inc. sees FY2011 revenue of $3.0-$3.3 billion, vs. the consensus of $3.59 billion. While the guidance was certainly horrendous, the move higher is likely a bounce following a 25% decline yesterday.
Axcelis Technologies, Inc. (NASDAQ: ACLS) 13.9% HIGHER; reported Q3 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $72.5 million versus the consensus estimate of $84.09 million.
RadioShack Corp. (NYSE: RSH) 13.8% LOWER; reported Q3 EPS of $0.15, $0.21 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.04 billion. Raises annual dividend from 25 to 50 cent. Authorizes $200 million buyback.
Stratasys, Inc. (NASDAQ: SSYS) 12.1% HIGHER; reported Q3 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $39.7 million versus the consensus estimate of $38.22 million. Stratasys, Inc. sees FY2012 EPS of $1.02-$1.13, versus the consensus of $1.08. Stratasys, Inc. sees FY2012 revenue of $175-$190 million, versus the consensus of $177.48 million.
Amazon.com (NASDAQ: AMZN) 12% LOWER; reported Q3 EPS of $0.14, vs. the analyst estimate of $0.24. Revenue for the quarter came in at $10.9 billion versus the consensus estimate of $10.93 billion. Sees Q4 sales $16.45-$18.65 billion, vs. the consensus of $18.16 billion.
LeCroy Corp (NASDAQ: LCRY) 11.7% HIGHER; reported Q1 EPS of $0.26, $0.01 better than the analyst estimate of $0.25. Revenue for the quarter came in at $49 million versus the consensus estimate of $47.5 million. Sees FY2012 EPS of $1.16-$1.21, versus the consensus of $1.17. Sees FY2012 revenue of $200-$205 million, versus the consensus of $199.48 million. Sees Q2 2012 EPS of $0.29-$0.31, versus the consensus of $0.30. Sees Q2 2012 revenue of $50-$52 million, versus the consensus of $50.15 million.
Itron, Inc. (NASDAQ: ITRI) 11.6% HIGHER; reported Q3 EPS of $0.92, $0.12 worse than the analyst estimate of $1.04. Revenue for the quarter came in at $626 million versus the consensus estimate of $583.2 million. The company also announced today that its Board of Directors has authorized the repurchase of up to $100 million of Itron common stock. Also announced a restructuring initiative which will effect the headcount by 750 positions.
Websense, Inc. (NASDAQ: WBSN) 10.8% LOWER; reported Q3 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $92.1 million versus the consensus estimate of $91.51 million.
Sprint Nextel (NYSE: S) 10% LOWER; reported Q3 EPS of ($0.10), $0.12 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $8.33 billion versus the consensus estimate of $8.38 billion. Total wireless sub adds 1.3 million, net postpaid subs fell 44,000. As many analysts pointed out yesterday ahead of the results, the earnings were a non-factor.
Bemis Co., Inc. (NYSE: BMS) 10% LOWER; reported Q3 EPS of $0.56, $0.02 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.37 billion. Bemis Co., Inc. sees Q4 2011 EPS of $0.36-$0.42, versus the consensus of $0.55. Bemis Co., Inc. sees FY2011 EPS of $1.90-$1.96, versus the consensus of $2.11.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS says bull market has further to run
- Walmart (WMT) PT Lowered to $130 at UBS as Investment Narrative's Competing Dynamics
- Hershey (HSY) PT Lowered to $206; RBC Capital: 'Struggling to See a Near Term Positive Inflection'
Create E-mail Alert Related Categories
Special ReportsRelated Entities
JPMorgan, Barclays, Dividend, Morning Movers, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
