Morning Movers 05/24: (GENE) (GNOM) (P) Higher; (NTAP) (PCX) (TIF) Lower

May 24, 2012 10:27 AM EDT
Genetic Technologies (Nasdaq: GENE) 54.2% HIGHER; shares are continuing higher today following a brief pause yesterday. The stock surged more than 65 percent on Tuesday. Shares are over the $4 level today.Volume is already extremely heavy.

Complete Genomics (Nasdaq: GNOM) 29.3% HIGHER; could be trading higher amid strong momentum in shares of Genetic Tech. Pushed above resistance at $2.

Pandora Media (NYSE: P) 17.7% HIGHER; reported Q1 EPS of ($0.09), $0.08 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $80.8 million versus the consensus estimate of $74.35 million. Sees Q2 2013 EPS of $-0.03-$-0.05, versus prior guidance of $99-$101 and the consensus of $-0.03. Sees Q2 2013 revenue of $99.91 million. Sees FY2013 EPS of $-0.07-$-0.01, versus the consensus of $-0.17. Sees FY2013 revenue of $420-$427 million, versus the consensus of $415.9 million.

AFC Enterprises, Inc. (NASDAQ: AFCE) 13.4% HIGHER; reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $52.8 million versus the consensus estimate of $49.2 million. Comps were up 7.4%. Boosted its FY12 same-store sales guidance from up 3-4 percent to up 4-5 percent.

NetApp, Inc. (NASDAQ: NTAP) 13.3% LOWER; reported Q3 EPS of $0.66, $0.03 better than the analyst estimate of $0.63. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.68 billion. NetApp, Inc. sees Q1 2013 EPS of $0.10-$0.15.

Patriot Coal (NYSE: PCX) 11.7% LOWER; continuing lower today following some relief yesterday. After sinking more than 39 percent last week, shares plunged another 35 percent on Tuesday, only to bounce about 22 percent yesterday. Shares are back below the $2.50 level today.

Tiffany & Co. (NYSE: TIF) 9% LOWER; reported Q1 EPS of $0.64, versus the analyst estimate of $0.69. Revenue for the quarter came in at $819 million versus the consensus estimate of $816.85 million. Tiffany & Co. sees FY2012 EPS of $3.70-$3.80, versus prior guidance of $3.95-$4.05 and the consensus of $3.97. Worldwide net sales (in U.S. dollars) increasing 7-8%, versus the previous expectation calling for 10% growth.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Morning Movers