Morning Movers 10/27: (VDSI) (CTXS) (CEVA) (EVR) (LOGI) Higher; (MDR) (TQNT) (AXTI) (HGR) Lower
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McDermott (NYSE: MDR) 33% LOWER; offers preliminary Q3 results: EPS in the range of 3-5 cents on sales of $870-$880 million. The Street is looking for Q3 EPS of 29 cents on sales of $893.6 million. Sees FY12 sales equal to FY11 as "achievable." Sees operating margins of 7-10%.
Triquint Semiconductor, Inc. (NASDAQ: TQNT) 25.7% LOWER; reported Q3 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $216 million versus the consensus estimate of $214.15 million. Triquint Semiconductor, Inc. sees Q4 2011 EPS of $0.06-$0.08, versus the consensus of $0.14. Triquint Semiconductor, Inc. sees Q4 2011 revenue of $215-$225 million, versus the consensus of $230.66 million. During the fourth quarter, the company expects lower factory utilization as it burns through excess inventory and weak product mix to drive gross margin of 32% to 34%.
AXT, Inc. (NASDAQ: AXTI) 24.3% LOWER; reported Q3 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $28.3 million versus the consensus estimate of $30.38 million. AXT, Inc. sees Q4 2011 EPS of $0.08-$0.12, versus the consensus of $0.18. AXT, Inc. sees Q4 2011 revenue of $20-$23 million, versus the consensus of $30.1 million.
VASCO Data Security International Inc. (Nasdaq: VDSI) 24.1% HIGHER; reports Q3 EPS of $0.15, 9 cents better than the analyst estimate of $0.06. Revenue for the quarter came in at $41.4 million, versus the consensus estimate of $37.22 million. Sees sales growing in the 45-55% range during FY11, up from prior guidance of 40% or more growth.
Hanger Orthopedic Group, Inc. (NYSE: HGR) 20% LOWER; reported Q3 EPS of $0.46, $0.01 better than the analyst estimate of $0.45. Revenue for the quarter came in at $235.3 million versus the consensus estimate of $237.8 million. Hanger Orthopedic Group, Inc. sees FY2011 EPS of $1.59-$1.62, versus the consensus of $1.66. Hanger Orthopedic Group, Inc. sees FY2011 revenue of $914-$918 million, versus the consensus of $936.98 million.
Citrix Systems, Inc. (NASDAQ: CTXS) 18.5% HIGHER; reported Q3 EPS of $0.64, $0.06 better than the analyst estimate of $0.58. Revenue for the quarter came in at $565 million versus the consensus estimate of $544.81 million. Citrix Systems, Inc. sees Q4 2011 EPS of $0.75-$0.76, versus the consensus of $0.74. Citrix Systems, Inc. sees Q4 2011 revenue of $610-$620 million, versus the consensus of $609.30 million. Sees FY2012 revenue of $2.47-$2.48 billion, versus the consensus of $2.46 billion.
Avon Products, Inc. (NYSE: AVP) 18.5% LOWER; reported Q3 EPS of $0.38, $0.08 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $2.71 billion versus the consensus estimate of $2.83 billion. The stock was also downgraded at Stifel Nicolaus.
CEVA, Inc. (NASDAQ: CEVA) 17.6% HIGHER; reported Q3 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $14.8 million versus the consensus estimate of $14.4 million.
Evercore Partners (NYSE: EVR) 17.2% HIGHER; reported Q3 EPS of $0.46, $0.12 better than the analyst estimate of $0.34.
USA Mobility, Inc. (NASDAQ: USMO) 16.8% LOWER; reported Q3 EPS of $0.46, versus $0.69 reported last year. Revenue for the quarter came in at $61.5 million.
Logitech International SA (NASDAQ: LOGI) 16.5% HIGHER; reported Q2 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $589 million versus the consensus estimate of $590.62 million. Logitech has applied for an amendment of its $250 million buyback program to enable the future repurchase of shares for cancellation. Affirms outlook.
Akamai Technologies, Inc. (NASDAQ: AKAM) 16.4% HIGHER; reported Q3 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $281.9 million versus the consensus estimate of $278.87 million. Sees Q4 sales of $303-$315 million, vs. the consensus of $310.5 million. Sees EPS of 37-41 cents, which compares to the Street estimate of 39 cents.
Cabot Oil & Gas Corp. (NYSE: COG) 15.8% HIGHER; reported Q3 EPS of $0.34, $0.03 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $262.2 million versus the consensus estimate of $273.31 million.
Parametric Technology Corporation (NASDAQ: PMTC) 15.8% HIGHER; reported Q4 EPS of $0.47, $0.04 better than the analyst estimate of $0.43. Revenue for the quarter came in at $341.3 million versus the consensus estimate of $324.85 million. Sees Q1 2012 EPS of $0.28-$0.32, versus the consensus of $0.31. Sees Q1 2012 revenue of $305-$320 million, versus the consensus of $309.86 million. Sees FY2012 EPS of $1.48-$1.52, versus the consensus of $1.47. Sees FY2012 revenue of $1.33-$1.34 billion, versus the consensus of $1.31 billion.
Belden (NYSE: BDC) 15.7% HIGHER; reported Q3 EPS of $0.65, $0.07 better than the analyst estimate of $0.58. Revenue for the quarter came in at $519.7 million versus the consensus estimate of $508.51 million. Sees FY2011 EPS of $2.33-$2.38, versus the consensus of $2.37. Sees FY2011 revenue of $2.01-$2.02 billion, versus the consensus of $2.02 billion. Sees Q4 2011 EPS of $0.50-$0.55, versus the consensus of $0.62. Sees Q4 2011 revenue of $490-$500 million, versus the consensus of $517.44 million.
SolarWinds (NYSE: SWI) 15.5% HIGHER; reported Q3 EPS of $0.31, $0.08 better than the analyst estimate of $0.23. Revenue for the quarter came in at $53.9 million versus the consensus estimate of $51.96 million. Sees FY2011 EPS of $0.23-$0.25, versus the consensus of $0.23. Sees FY2011 revenue of $52.8-$54.2 million, versus the consensus of $53.29 million. Sees FY2011 EPS of $0.98-$1.00, versus the consensus of $0.90. Sees FY2011 revenue of $195.55-$196.95 million, versus the consensus of $193.73 million.
LHC Group (Nasdaq: LHCG) 15.5% LOWER; reports prelim. Q3 loss of $2.10-$2.25 per share, which may not compare to the analyst estimate of $0.59. Revenue for the quarter came in at $150-$155 million, versus the consensus estimate of $162.93 million. Sees a FY11 loss of 75-85 cents per share, vs. the consensus looking for a gain of $2.15-$2.25.
NII Holdings, Inc. (NASDAQ: NIHD) 15.2% LOWER; reported Q3 EPS of ($0.02), which may not compare to the analyst estimate of $0.59. Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.8 billion. NII Holdings, Inc. sees FY2011 revenue of $6.8 billion, versus the consensus of $6.96 billion.
Commercial Vehicle Group, Inc. (NASDAQ: CVGI) 14.4% HIGHER; reported Q3 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $216.9 million versus the consensus estimate of $210.11 million.
Community Health Systems, Inc. (NYSE: CYH) 14.4% LOWER; reported Q3 EPS of $0.86, $0.07 better than the analyst estimate of $0.79. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.48 billion.
Pioneer Drilling (NYSE: PDC) 13.9% HIGHER; continuing higher today following a nearly 9 percent rise yesterday. Traders may be buying the stock on the heels of BP's approval for a drilling permit in the Gulf of Mexico.
Novellus Systems, Inc. (NASDAQ: NVLS) 13.6% HIGHER; reported Q3 EPS of $0.73, $0.05 better than the analyst estimate of $0.68. Revenue for the quarter came in at $306.7 million versus the consensus estimate of $311.21 million. Sees Q4 GAAP EPS of 42-62 cents. The outlook may not compare to the Street estimate of 49 cents per share.
Carbo Ceramics, Inc. (NYSE: CRR) 13.3% HIGHER; reported Q3 EPS of $1.59, $0.19 better than the analyst estimate of $1.40. Revenue for the quarter came in at $167.08 million versus the consensus estimate of $157.14 million.
Ameriprise Financial (NYSE: AMP) 13.3% HIGHER; reported Q3 EPS of $1.04, $0.17 worse than the analyst estimate of $1.21. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.49 billion.
BMC Software, Inc. (NASDAQ: BMC) 13.3% LOWER; reported Q2 EPS of $0.87, $0.06 better than the analyst estimate of $0.81. Revenue for the quarter came in at $556.7 million versus the consensus estimate of $540.79 million. BMC Software, Inc. sees FY2011 EPS of $3.21-$3.33, versus prior guidance of $3.25-$3.35 and the consensus of $3.29.
Acme Packet (Nasdaq: APKT) 13.1% HIGHER; the addition of the stock to Deutsche Bank's "Short-Term Buy" list and an earlier note which suggests checks look positive on the company's Tier-1 VoIP opportunity. Click here to see some color on the Deutsche note.
Deutsche Bank (NYSE: DB) 12.8% HIGHER; see Barclays.
Bally Technologies (NYSE: BYI) 12.5% HIGHER; reported Q1 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $195 million versus the consensus estimate of $186.77 million. Bally Technologies sees FY2012 EPS of $2.20-$2.45, versus the consensus of $2.33.
ING Groep (NYSE: ING) 12.5% HIGHER; sees Barclays.
Synovus Financial Corp (NYSE: SNV) 12.1% HIGHER; reported Q3 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03).
Terex Corp. (NYSE: TEX) 11.8% HIGHER; reported Q3 EPS of $0.30, $0.07 better than the analyst estimate of $0.23. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.59 billion. Sees Q4 2011 EPS of $0.20-$0.25, versus the consensus of $0.29. Sees FY2011 revenue of $6.3-$6.5 billion, versus the consensus of $6.04 billion.
Frontline (NYSE: FRO) 11.7% HIGHER; marine transportation stocks are getting a boost today. In addition to the Eurozone agreement, crude oil is up about 3 percent this morning.
Barclays (NYSE: BCS) 11.5% HIGHER; traders dipping a toe in following the EU leader agreements on the Greek debt haircut and the expansion of the EFSF.
Credit Suisse (NYSE: CS) 11.2% HIGHER; just one of the Eurobanks moving today.
Berry Petroleum (NYSE: BRY) 11.1% LOWER; reports Q3 EPS of $0.79, 4 cents better than the analyst estimate of $0.75.
Triquint Semiconductor, Inc. (NASDAQ: TQNT) 25.7% LOWER; reported Q3 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $216 million versus the consensus estimate of $214.15 million. Triquint Semiconductor, Inc. sees Q4 2011 EPS of $0.06-$0.08, versus the consensus of $0.14. Triquint Semiconductor, Inc. sees Q4 2011 revenue of $215-$225 million, versus the consensus of $230.66 million. During the fourth quarter, the company expects lower factory utilization as it burns through excess inventory and weak product mix to drive gross margin of 32% to 34%.
AXT, Inc. (NASDAQ: AXTI) 24.3% LOWER; reported Q3 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $28.3 million versus the consensus estimate of $30.38 million. AXT, Inc. sees Q4 2011 EPS of $0.08-$0.12, versus the consensus of $0.18. AXT, Inc. sees Q4 2011 revenue of $20-$23 million, versus the consensus of $30.1 million.
VASCO Data Security International Inc. (Nasdaq: VDSI) 24.1% HIGHER; reports Q3 EPS of $0.15, 9 cents better than the analyst estimate of $0.06. Revenue for the quarter came in at $41.4 million, versus the consensus estimate of $37.22 million. Sees sales growing in the 45-55% range during FY11, up from prior guidance of 40% or more growth.
Hanger Orthopedic Group, Inc. (NYSE: HGR) 20% LOWER; reported Q3 EPS of $0.46, $0.01 better than the analyst estimate of $0.45. Revenue for the quarter came in at $235.3 million versus the consensus estimate of $237.8 million. Hanger Orthopedic Group, Inc. sees FY2011 EPS of $1.59-$1.62, versus the consensus of $1.66. Hanger Orthopedic Group, Inc. sees FY2011 revenue of $914-$918 million, versus the consensus of $936.98 million.
Citrix Systems, Inc. (NASDAQ: CTXS) 18.5% HIGHER; reported Q3 EPS of $0.64, $0.06 better than the analyst estimate of $0.58. Revenue for the quarter came in at $565 million versus the consensus estimate of $544.81 million. Citrix Systems, Inc. sees Q4 2011 EPS of $0.75-$0.76, versus the consensus of $0.74. Citrix Systems, Inc. sees Q4 2011 revenue of $610-$620 million, versus the consensus of $609.30 million. Sees FY2012 revenue of $2.47-$2.48 billion, versus the consensus of $2.46 billion.
Avon Products, Inc. (NYSE: AVP) 18.5% LOWER; reported Q3 EPS of $0.38, $0.08 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $2.71 billion versus the consensus estimate of $2.83 billion. The stock was also downgraded at Stifel Nicolaus.
CEVA, Inc. (NASDAQ: CEVA) 17.6% HIGHER; reported Q3 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $14.8 million versus the consensus estimate of $14.4 million.
Evercore Partners (NYSE: EVR) 17.2% HIGHER; reported Q3 EPS of $0.46, $0.12 better than the analyst estimate of $0.34.
USA Mobility, Inc. (NASDAQ: USMO) 16.8% LOWER; reported Q3 EPS of $0.46, versus $0.69 reported last year. Revenue for the quarter came in at $61.5 million.
Logitech International SA (NASDAQ: LOGI) 16.5% HIGHER; reported Q2 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $589 million versus the consensus estimate of $590.62 million. Logitech has applied for an amendment of its $250 million buyback program to enable the future repurchase of shares for cancellation. Affirms outlook.
Akamai Technologies, Inc. (NASDAQ: AKAM) 16.4% HIGHER; reported Q3 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $281.9 million versus the consensus estimate of $278.87 million. Sees Q4 sales of $303-$315 million, vs. the consensus of $310.5 million. Sees EPS of 37-41 cents, which compares to the Street estimate of 39 cents.
Cabot Oil & Gas Corp. (NYSE: COG) 15.8% HIGHER; reported Q3 EPS of $0.34, $0.03 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $262.2 million versus the consensus estimate of $273.31 million.
Parametric Technology Corporation (NASDAQ: PMTC) 15.8% HIGHER; reported Q4 EPS of $0.47, $0.04 better than the analyst estimate of $0.43. Revenue for the quarter came in at $341.3 million versus the consensus estimate of $324.85 million. Sees Q1 2012 EPS of $0.28-$0.32, versus the consensus of $0.31. Sees Q1 2012 revenue of $305-$320 million, versus the consensus of $309.86 million. Sees FY2012 EPS of $1.48-$1.52, versus the consensus of $1.47. Sees FY2012 revenue of $1.33-$1.34 billion, versus the consensus of $1.31 billion.
Belden (NYSE: BDC) 15.7% HIGHER; reported Q3 EPS of $0.65, $0.07 better than the analyst estimate of $0.58. Revenue for the quarter came in at $519.7 million versus the consensus estimate of $508.51 million. Sees FY2011 EPS of $2.33-$2.38, versus the consensus of $2.37. Sees FY2011 revenue of $2.01-$2.02 billion, versus the consensus of $2.02 billion. Sees Q4 2011 EPS of $0.50-$0.55, versus the consensus of $0.62. Sees Q4 2011 revenue of $490-$500 million, versus the consensus of $517.44 million.
SolarWinds (NYSE: SWI) 15.5% HIGHER; reported Q3 EPS of $0.31, $0.08 better than the analyst estimate of $0.23. Revenue for the quarter came in at $53.9 million versus the consensus estimate of $51.96 million. Sees FY2011 EPS of $0.23-$0.25, versus the consensus of $0.23. Sees FY2011 revenue of $52.8-$54.2 million, versus the consensus of $53.29 million. Sees FY2011 EPS of $0.98-$1.00, versus the consensus of $0.90. Sees FY2011 revenue of $195.55-$196.95 million, versus the consensus of $193.73 million.
LHC Group (Nasdaq: LHCG) 15.5% LOWER; reports prelim. Q3 loss of $2.10-$2.25 per share, which may not compare to the analyst estimate of $0.59. Revenue for the quarter came in at $150-$155 million, versus the consensus estimate of $162.93 million. Sees a FY11 loss of 75-85 cents per share, vs. the consensus looking for a gain of $2.15-$2.25.
NII Holdings, Inc. (NASDAQ: NIHD) 15.2% LOWER; reported Q3 EPS of ($0.02), which may not compare to the analyst estimate of $0.59. Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.8 billion. NII Holdings, Inc. sees FY2011 revenue of $6.8 billion, versus the consensus of $6.96 billion.
Commercial Vehicle Group, Inc. (NASDAQ: CVGI) 14.4% HIGHER; reported Q3 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $216.9 million versus the consensus estimate of $210.11 million.
Community Health Systems, Inc. (NYSE: CYH) 14.4% LOWER; reported Q3 EPS of $0.86, $0.07 better than the analyst estimate of $0.79. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.48 billion.
Pioneer Drilling (NYSE: PDC) 13.9% HIGHER; continuing higher today following a nearly 9 percent rise yesterday. Traders may be buying the stock on the heels of BP's approval for a drilling permit in the Gulf of Mexico.
Novellus Systems, Inc. (NASDAQ: NVLS) 13.6% HIGHER; reported Q3 EPS of $0.73, $0.05 better than the analyst estimate of $0.68. Revenue for the quarter came in at $306.7 million versus the consensus estimate of $311.21 million. Sees Q4 GAAP EPS of 42-62 cents. The outlook may not compare to the Street estimate of 49 cents per share.
Carbo Ceramics, Inc. (NYSE: CRR) 13.3% HIGHER; reported Q3 EPS of $1.59, $0.19 better than the analyst estimate of $1.40. Revenue for the quarter came in at $167.08 million versus the consensus estimate of $157.14 million.
Ameriprise Financial (NYSE: AMP) 13.3% HIGHER; reported Q3 EPS of $1.04, $0.17 worse than the analyst estimate of $1.21. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.49 billion.
BMC Software, Inc. (NASDAQ: BMC) 13.3% LOWER; reported Q2 EPS of $0.87, $0.06 better than the analyst estimate of $0.81. Revenue for the quarter came in at $556.7 million versus the consensus estimate of $540.79 million. BMC Software, Inc. sees FY2011 EPS of $3.21-$3.33, versus prior guidance of $3.25-$3.35 and the consensus of $3.29.
Acme Packet (Nasdaq: APKT) 13.1% HIGHER; the addition of the stock to Deutsche Bank's "Short-Term Buy" list and an earlier note which suggests checks look positive on the company's Tier-1 VoIP opportunity. Click here to see some color on the Deutsche note.
Deutsche Bank (NYSE: DB) 12.8% HIGHER; see Barclays.
Bally Technologies (NYSE: BYI) 12.5% HIGHER; reported Q1 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $195 million versus the consensus estimate of $186.77 million. Bally Technologies sees FY2012 EPS of $2.20-$2.45, versus the consensus of $2.33.
ING Groep (NYSE: ING) 12.5% HIGHER; sees Barclays.
Synovus Financial Corp (NYSE: SNV) 12.1% HIGHER; reported Q3 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03).
Terex Corp. (NYSE: TEX) 11.8% HIGHER; reported Q3 EPS of $0.30, $0.07 better than the analyst estimate of $0.23. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.59 billion. Sees Q4 2011 EPS of $0.20-$0.25, versus the consensus of $0.29. Sees FY2011 revenue of $6.3-$6.5 billion, versus the consensus of $6.04 billion.
Frontline (NYSE: FRO) 11.7% HIGHER; marine transportation stocks are getting a boost today. In addition to the Eurozone agreement, crude oil is up about 3 percent this morning.
Barclays (NYSE: BCS) 11.5% HIGHER; traders dipping a toe in following the EU leader agreements on the Greek debt haircut and the expansion of the EFSF.
Credit Suisse (NYSE: CS) 11.2% HIGHER; just one of the Eurobanks moving today.
Berry Petroleum (NYSE: BRY) 11.1% LOWER; reports Q3 EPS of $0.79, 4 cents better than the analyst estimate of $0.75.
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