Morning Movers 11/17: (ZOLL) (RMBS) (ABD) (PLCE) Higher; (PERY) (YOKU) (CIS) Lower
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Perry Ellis International, Inc. (NASDAQ: PERY) 32.8% LOWER; reported Q3 EPS of $0.40, $0.21 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $248.4 million versus the consensus estimate of $254.31 million. Perry Ellis International, Inc. sees FY2012 EPS at or above $2.00, versus prior guidance of $2.45-$2.52 and the consensus of $2.52. Perry Ellis International, Inc. sees FY2012 revenue of about $1 billion, versus the consensus of $1.02 billion.
Zoll Medical Corp. (NASDAQ: ZOLL) 19% HIGHER; reported Q4 EPS of $0.52, versus $0.33 reported last year. Revenue for the quarter came in at $151.9 million, versus $120.4 million reported last year. Zoll sees 17-19% revenue growth in 2012. Announces $50M buyback plan.
Youku.com (NYSE: YOKU) 18.5% LOWER; reported Q3 EPS of ($0.07), $0.04 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $41.2 million versus the consensus estimate of $39.76 million. Sees Q4 sales up 90-100%.
Rambus (Nasdaq: RMBS) 18% HIGHER; bouncing today following a 60 percent decline yesterday after the company lost its antitrust case against Hynix and Micron.
ACCO Brands Corporation (NYSE: ABD) 14.5% HIGHER; ACCO and MeadWestvaco Corporation (NYSE: MWV), have signed a definitive agreement to merge MeadWestvaco Corporation’s Consumer & Office Products business into ACCO Brands in a transaction valued at approximately $860 million. Upon completion of the transaction, MeadWestvaco shareholders will own 50.5% of the combined company.
Childrens Place (NASDAQ: PLCE) 14.5% HIGHER; reported Q3 EPS of $1.33, $0.06 better than the analyst estimate of $1.27. Revenue for the quarter came in at $484.1 million versus the consensus estimate of $469.09 million. Comparable retail sales increased 0.9% in the quarter. Childrens Place sees FY2011 EPS of $3.24-$3.29, versus prior guidance of $3.13-$3.25 and the consensus of $3.22. Also sees Q4 2011 EPS of $1.19-$1.24, versus the consensus of $1.22. The stock was upgraded to Buy at Janney.
Camelot Information Systems (NYSE: CIS) 12.3% LOWER; continuing lower following news of the company's CFO resigning last week. The stock is down 26 percent this week.
Netapp, Inc. (NASDAQ: NTAP) 11.3% LOWER; reported Q2 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.53 billion. Netapp, Inc. sees Q3 2011 EPS of $0.56-$0.60, versus the consensus of $0.63. Netapp, Inc. sees Q3 2011 revenue of $1.52-$1.61 billion, versus the consensus of $1.64 billion. The stock was downgraded at Raymond James and Craig-Hallum.
DG FastChannel (NASDAQ: DGIT) 10.9% LOWER; Piper Jaffray downgraded the stock from Neutral to Underweight, price target lowered from $21 to $11.
NetList (Nasdaq: NLST) 10% HIGHER; continuing higher yet again today. Since announcing a HyperCloud deal with IBM and HP last week, the stock is up nearly 86 percent (including today's move higher).
Casual Male Retail Group Inc (NASDAQ: CMRG) 9.9% LOWER; reported Q3 EPS of ($0.03), $0.04 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $89.4 million versus the consensus estimate of $94.11 million. Casual Male Retail Group Inc sees FY2011 EPS of $0.35-$0.38, versus prior guidance of $0.40-$0.45 and the consensus of $0.42. Casual Male Retail Group Inc sees FY2011 revenue of $397.5-$402.5 million, versus prior guidance of $405-$410 million and the consensus of $408.01 million.
Zoll Medical Corp. (NASDAQ: ZOLL) 19% HIGHER; reported Q4 EPS of $0.52, versus $0.33 reported last year. Revenue for the quarter came in at $151.9 million, versus $120.4 million reported last year. Zoll sees 17-19% revenue growth in 2012. Announces $50M buyback plan.
Youku.com (NYSE: YOKU) 18.5% LOWER; reported Q3 EPS of ($0.07), $0.04 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $41.2 million versus the consensus estimate of $39.76 million. Sees Q4 sales up 90-100%.
Rambus (Nasdaq: RMBS) 18% HIGHER; bouncing today following a 60 percent decline yesterday after the company lost its antitrust case against Hynix and Micron.
ACCO Brands Corporation (NYSE: ABD) 14.5% HIGHER; ACCO and MeadWestvaco Corporation (NYSE: MWV), have signed a definitive agreement to merge MeadWestvaco Corporation’s Consumer & Office Products business into ACCO Brands in a transaction valued at approximately $860 million. Upon completion of the transaction, MeadWestvaco shareholders will own 50.5% of the combined company.
Childrens Place (NASDAQ: PLCE) 14.5% HIGHER; reported Q3 EPS of $1.33, $0.06 better than the analyst estimate of $1.27. Revenue for the quarter came in at $484.1 million versus the consensus estimate of $469.09 million. Comparable retail sales increased 0.9% in the quarter. Childrens Place sees FY2011 EPS of $3.24-$3.29, versus prior guidance of $3.13-$3.25 and the consensus of $3.22. Also sees Q4 2011 EPS of $1.19-$1.24, versus the consensus of $1.22. The stock was upgraded to Buy at Janney.
Camelot Information Systems (NYSE: CIS) 12.3% LOWER; continuing lower following news of the company's CFO resigning last week. The stock is down 26 percent this week.
Netapp, Inc. (NASDAQ: NTAP) 11.3% LOWER; reported Q2 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.53 billion. Netapp, Inc. sees Q3 2011 EPS of $0.56-$0.60, versus the consensus of $0.63. Netapp, Inc. sees Q3 2011 revenue of $1.52-$1.61 billion, versus the consensus of $1.64 billion. The stock was downgraded at Raymond James and Craig-Hallum.
DG FastChannel (NASDAQ: DGIT) 10.9% LOWER; Piper Jaffray downgraded the stock from Neutral to Underweight, price target lowered from $21 to $11.
NetList (Nasdaq: NLST) 10% HIGHER; continuing higher yet again today. Since announcing a HyperCloud deal with IBM and HP last week, the stock is up nearly 86 percent (including today's move higher).
Casual Male Retail Group Inc (NASDAQ: CMRG) 9.9% LOWER; reported Q3 EPS of ($0.03), $0.04 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $89.4 million versus the consensus estimate of $94.11 million. Casual Male Retail Group Inc sees FY2011 EPS of $0.35-$0.38, versus prior guidance of $0.40-$0.45 and the consensus of $0.42. Casual Male Retail Group Inc sees FY2011 revenue of $397.5-$402.5 million, versus prior guidance of $405-$410 million and the consensus of $408.01 million.
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