Morning Movers 05/16: (NLST) (SINA) (COGO) Higher; (VELT) (AMBO) (JCP) Lower
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Netlist, Inc. (NASDAQ: NLST) 21.5% HIGHER; reported Q1 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $14 million versus the consensus estimate of $16.9 million.
Velti plc (NASDAQ: VELT) 17.4% LOWER; reported Q1 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $51.8 million versus the consensus estimate of $46.37 million. Sees Q2 2012 revenue of $55-$59 million, versus the consensus of $54.7 million. Sees FY2012 revenue of $283-$296 million, versus the consensus of $289.5 million.
Ambow Education (Nasdaq: AMBO) 16.1% LOWER; delayed the filing of its 2011 annual report. Will likely take a $1.6-$3.2 million charge related to an acquisition last year.
Sina Corp (NASDAQ: SINA) 14.3% HIGHER; reported Q1 EPS of ($0.21), $0.02 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $101.5 million versus the consensus estimate of $102.56 million. Sees Q2 2012 revenue of $126-$129 million, versus the consensus of $130.44 million.
J.C. Penney Co., Inc. (NYSE: JCP) 14.3% LOWER; reported Q1 EPS of ($0.25), $0.15 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.48 billion. Comps down 18.5% Stopping quarterly dividend. Reaffirmed FY2012 non-GAAP EPS guidance, but said it does not expect to hit its previously-issued GAAP outlook.
Parkervision, Inc. (NASDAQ: PRKR) 12.9% LOWER; reported Q1 EPS of ($0.06), versus ($0.06) reported last year.
Cogo Group (Nasdaq: COGO) 12.5% HIGHER; reported Q1 EPS of 3 cents on sales of $169.3 million. The company's Audit Committee is reviewing an offer from the company's Chairman and CEO. The exec said the bid could value the company at $6-$8 per share.
Abercrombie & Fitch Co. (NYSE: ANF) 11.7% LOWER; reported Q1 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $921.2 million versus the consensus estimate of $951.33 million. Same store-sales were down 5 percent. Reaffirmed its FY12 EPS guidance and said it sees same-sales guidance being down by a mid-single digit percentage.
Galena Biopharma (Nasdaq: GALE) 11.6% HIGHER; traders are buying the dip following a nearly 13 percent decline over the last two trading sessions. The company issued a Q1 miss on Monday afternoon.
Medallion Financial Corp. (NASDAQ: TAXI) 9.4% LOWER; priced 3.5 million shares at $10.72 per share for net proceeds of $34.6 million.
KIT digital, Inc. (NASDAQ: KITD) 8.6% HIGHER; reported Q1 EPS of ($0.17), $0.12 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $59 million versus the consensus estimate of $68.95 million. Sees FY12 revenues baseline of $250 million. Finds material weakness in financial controls.
THQ, Inc. (NASDAQ: THQI) 8.2% LOWER; reported Q4 EPS of ($0.12), $0.11 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $170.7 million versus the consensus estimate of $157.37 million.
Citi Trends, Inc. (NASDAQ: CTRN) 8% HIGHER; reported Q1 EPS of $0.69, $0.21 better than the analyst estimate of $0.48. Revenue for the quarter came in at $197.69 million versus the consensus estimate of $196.18 million.
Velti plc (NASDAQ: VELT) 17.4% LOWER; reported Q1 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $51.8 million versus the consensus estimate of $46.37 million. Sees Q2 2012 revenue of $55-$59 million, versus the consensus of $54.7 million. Sees FY2012 revenue of $283-$296 million, versus the consensus of $289.5 million.
Ambow Education (Nasdaq: AMBO) 16.1% LOWER; delayed the filing of its 2011 annual report. Will likely take a $1.6-$3.2 million charge related to an acquisition last year.
Sina Corp (NASDAQ: SINA) 14.3% HIGHER; reported Q1 EPS of ($0.21), $0.02 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $101.5 million versus the consensus estimate of $102.56 million. Sees Q2 2012 revenue of $126-$129 million, versus the consensus of $130.44 million.
J.C. Penney Co., Inc. (NYSE: JCP) 14.3% LOWER; reported Q1 EPS of ($0.25), $0.15 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.48 billion. Comps down 18.5% Stopping quarterly dividend. Reaffirmed FY2012 non-GAAP EPS guidance, but said it does not expect to hit its previously-issued GAAP outlook.
Parkervision, Inc. (NASDAQ: PRKR) 12.9% LOWER; reported Q1 EPS of ($0.06), versus ($0.06) reported last year.
Cogo Group (Nasdaq: COGO) 12.5% HIGHER; reported Q1 EPS of 3 cents on sales of $169.3 million. The company's Audit Committee is reviewing an offer from the company's Chairman and CEO. The exec said the bid could value the company at $6-$8 per share.
Abercrombie & Fitch Co. (NYSE: ANF) 11.7% LOWER; reported Q1 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $921.2 million versus the consensus estimate of $951.33 million. Same store-sales were down 5 percent. Reaffirmed its FY12 EPS guidance and said it sees same-sales guidance being down by a mid-single digit percentage.
Galena Biopharma (Nasdaq: GALE) 11.6% HIGHER; traders are buying the dip following a nearly 13 percent decline over the last two trading sessions. The company issued a Q1 miss on Monday afternoon.
Medallion Financial Corp. (NASDAQ: TAXI) 9.4% LOWER; priced 3.5 million shares at $10.72 per share for net proceeds of $34.6 million.
KIT digital, Inc. (NASDAQ: KITD) 8.6% HIGHER; reported Q1 EPS of ($0.17), $0.12 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $59 million versus the consensus estimate of $68.95 million. Sees FY12 revenues baseline of $250 million. Finds material weakness in financial controls.
THQ, Inc. (NASDAQ: THQI) 8.2% LOWER; reported Q4 EPS of ($0.12), $0.11 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $170.7 million versus the consensus estimate of $157.37 million.
Citi Trends, Inc. (NASDAQ: CTRN) 8% HIGHER; reported Q1 EPS of $0.69, $0.21 better than the analyst estimate of $0.48. Revenue for the quarter came in at $197.69 million versus the consensus estimate of $196.18 million.
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