Unusual 11 Mid-Day Movers 03/22: (SCVL) (PFSW) (SWHC) (RGR) Higher; (CVO) (DEXO) (GOLD) Lower

March 22, 2012 12:58 PM EDT
Shoe Carnival, Inc. (Nasdaq: SCVL) 20.3% HIGHER; reported Q4 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $181.9 million versus the consensus estimate of $181.13 million. Shoe Carnival, Inc. sees Q1 2012 EPS of $0.75-$0.78, versus the consensus of $0.70.

Cenveo, Inc. (NYSE: CVO) 18.7% LOWER; reports that its wholly-owned subsidiary, Cenveo Corporation, has commenced an offering of $75 million aggregate principal amount of Senior Exchangeable Notes due 2017.

PFSweb, Inc. (NASDAQ: PFSW) 14.4% HIGHER; reported Q4 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $87.5 million versus the consensus estimate of $69.96 million.

Smith & Wesson (Nasdaq: SWHC) 12.9% HIGHER; Sturm Ruger reported it is suspending new orders amid strong Q1 figures.

Dex One Corporation (NYSE: DEXO) 12.6% LOWER; announced the commencement of a cash tender offer to purchase the maximum aggregate principal amount of its outstanding 12% / 14% Senior Subordinated Notes due 2017 that it can purchase for $26.0 million, excluding cash in lieu of accrued interest on the Notes accepted for purchase calculated from March 31, 2012 through but not including the payment date at a rate of 12% per annum.

Sturm Ruger (NYSE: RGR) 12.4% HIGHER; sees Smith & Wesson above.

Randgold Resources Ltd. (Nasdaq: GOLD) 11.6% LOWER; J.P. Morgan downgraded the stock from Neutral to Underweight. The company also warned about a possible coup attempt in Mali, and potential effect on its operations.

FuelCell Energy, Inc. (Nasdaq: FCEL) 10.8% LOWER; priced an underwritten public offering of 20,000,000 shares of its common stock at a price to the public of $1.50 per share.

Tearlab Corp. (Nasdaq: TEAR) 10.7% HIGHER; reported Q4 EPS of ($0.17), versus ($0.06) reported last year. Revenue for the quarter came in at $499 thousand, versus $798 thousand reported last year.

Convergys Corporation (NYSE: CVG), 10.2% HIGHER; has signed a definitive agreement to sell its Information Management (IM) business for $449 million in cash to NEC Corporation.

Costamare (Nasdaq: CMRE) 8.6% LOWER; reports its offering of 7,500,000 shares of its common stock was priced at $14.10 per share.

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