Morning Movers 11/23: (CXDC) (YGE) (XUE) Higher; (DMND) (FRO) (STV) (BWEN) Lower
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Diamond Foods, Inc. (Nasdaq: DMND) 15.9% LOWER; shares are seeing after-hours pressure on reports from CNBC's Herb Greenberg that Director Joseph Silveiri, who was on the audit committee, committed suicide. According to Greenberg, "Silveiri recused himself from the audit committee's investigation into accounting quesitons (sic) for certain payments to walnut growers because he managed walnut properties."
Frontline (NYSE: FRO) 15.4% LOWER; continuing lower following earnings yesterday and a comment which suggested the company could have a tough time making a covenant payment next quarter. This morning, FBR downgraded the stock to Underperform. Shares plunged 40 percent yesterday.
China Digital TV Holding Co. (NYSE: STV) 13.9% LOWER; reported Q3 EPS of $0.17, versus $0.17 reported last year. Revenue for the quarter came in at $25.9 million, versus $23.53 million reported last year. Sees Q4 2011 revenue of $25.7-$26.6 million. Based on information available as of November 22, 2011, China Digital TV expects smart card shipments for the fourth quarter of 2011 to be between 4.6 million and 4.8 million.
Broadwind Energy (Nasdaq: BWEN) 10.8% LOWER; traders taking profits following a 19 percent rise on Monday and another 32 percent rise yesterday.
China XD Plastics (Nasdaq: CXDC) 10.1% HIGHER; stock retaking a technical level at $5. Although shares pushed over this level in September, the price couldn't hold. The stock has not been consistently over the $5 level since March.
Yingli Green Energy Holding Co (NYSE: YGE) 9.3% HIGHER; reported Q3 EPS of $0.14, $0.16 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $667.7 million versus the consensus estimate of $659.65 million. Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revises its PV module shipment target to be in the estimated range of 1,580 MW to 1,630 MW from the previous expected range of 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 48.8% to 53.5% compared to fiscal year 2010.
Xueda Education Group (NYSE: XUE) 7.6% HIGHER; today announced that its board of directors has appointed Mr. William Hsu and Mr. Cheung Kin Au-Yueng as directors. Xueda also announced that Mr. Gongquan Wang has resigned as a director for personal reasons.
Frontline (NYSE: FRO) 15.4% LOWER; continuing lower following earnings yesterday and a comment which suggested the company could have a tough time making a covenant payment next quarter. This morning, FBR downgraded the stock to Underperform. Shares plunged 40 percent yesterday.
China Digital TV Holding Co. (NYSE: STV) 13.9% LOWER; reported Q3 EPS of $0.17, versus $0.17 reported last year. Revenue for the quarter came in at $25.9 million, versus $23.53 million reported last year. Sees Q4 2011 revenue of $25.7-$26.6 million. Based on information available as of November 22, 2011, China Digital TV expects smart card shipments for the fourth quarter of 2011 to be between 4.6 million and 4.8 million.
Broadwind Energy (Nasdaq: BWEN) 10.8% LOWER; traders taking profits following a 19 percent rise on Monday and another 32 percent rise yesterday.
China XD Plastics (Nasdaq: CXDC) 10.1% HIGHER; stock retaking a technical level at $5. Although shares pushed over this level in September, the price couldn't hold. The stock has not been consistently over the $5 level since March.
Yingli Green Energy Holding Co (NYSE: YGE) 9.3% HIGHER; reported Q3 EPS of $0.14, $0.16 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $667.7 million versus the consensus estimate of $659.65 million. Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revises its PV module shipment target to be in the estimated range of 1,580 MW to 1,630 MW from the previous expected range of 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 48.8% to 53.5% compared to fiscal year 2010.
Xueda Education Group (NYSE: XUE) 7.6% HIGHER; today announced that its board of directors has appointed Mr. William Hsu and Mr. Cheung Kin Au-Yueng as directors. Xueda also announced that Mr. Gongquan Wang has resigned as a director for personal reasons.
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