04/13 StreetInsider.com Pre-Open Movers
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04/13 StreetInsider.com Pre-Open Movers:
Phazar Corp. (NASDAQ: ANTP) 23% LOWER; Net sales for the third quarter were $1,420,706, compared to $2,171,287 for the same period in 2005. Net income for the third quarter was $41,185 (2 cents per share), compared to $239,792 (11 cents per share) for the quarter ended February 28, 2005.
MedCath Corp. (Nasdaq: MDTH) 16% LOWER; Stifel Nicolaus downgrades from Hold to Sell with a $14 price target after release of 2007 Hospital Inpatient Prospective Payment System Proposed Rule by the Centers for Medicare and Medicaid Services which proposes cuts for cardiac specialty hospitals
CryoLife, Inc. (NYSE: CRY) 11.8% HIGHER; announced that revenues for the first quarter of 2006 were approximately $19.4 million compared to $17.7 million in the first quarter of 2005, an increase of 10%. Current consensus is $18.68 million.
Nanometrics Inc. (NASDAQ: NANO) 9.3% HIGHER; announced that its revenues for the first quarter ended April 1, 2006 are expected to exceed its previously provided guidance.
Thoratec Corp. (NASDAQ: THOR) 7.4% LOWER; expects to report revenues for the first quarter of approximately $48.8 million, which compares to the current Wall Street consensus of $54.35 million. Also sees a GAAP loss of $(0.03)-$(0.04) per share
Polaris Industries Inc. (NYSE: PII) 7% LOWER; reports Q1 EPS of $0.26, in-line with estimtes. Revenues came in at $333.5 million versus the consensus of $332.35 million. Sees Q2 EPS of $0.50-$0.54, versus the consensus of $0.26. Sees FY06 EPS of $3.08-$3.20 versus the consensus of $3.30.
Spansion Inc. (NASDAQ: SPSN) 6.6% HIGHER; Reports Q1 loss of $0.40, 4 cents better than estimates. Positioned to reach profitability in 2nd half.
Empire Resorts Inc. (NASDAQ: NYNY) 6.5% HIGHER; announced that its partner, the St. Regis Mohawk Tribe, was notified that the Department of the Interior's Bureau of Indian Affairs (BIA) has completed its review of the Environmental Assessment (EA) for a proposed transfer of land into trust for a casino at the Monticello Raceway site.
Aspreva Pharmaceuticals Corporation (Nasdaq: ASPV) 6.2% HIGHER; sees revenue of US$62 million for the first quarter of 2006. First quarter 2006 revenues include a higher than expected quarterly reconciliation payment of US$16 million related to the third quarter of 2005. The current consensus is $42.3 million.
SanDisk Corp. (NASDAQ: SNDK) 5.6% HIGHER; to Replace Chiron in S&P 500. Chiron is being acquired by S&P Global 100 constituent Novartis AG in a deal that is pending final approval.
Sycamore Networks Inc. (NASDAQ: SCMR) 5% HIGHER; entered into a definitive agreement with Allen Organ Company to acquire Allen Organ's majority-owned subsidiary Eastern Research.
Scientific Games Corp. (NASDAQ: SGMS) 4.8% HIGHER; Scientific Games will replace SanDisk in the S&P MidCap 400 as SanDisk is moving to the S&P 500.
Online Resources Corp. (NASDAQ: ORCC) 4% HIGHER; Jim Cramer higlights on Mad Money
Advanced Micro Devices Inc. (NYSE: AMD) 4% LOWER; reported strong Q1 EPS of $0.38, 8 cents better than estimates, but said AMD expects second quarter sales will be flat to slightly down seasonally from the first quarter of 2006 ($1.33 billion), versus the current consensus is $1.35 billion.
Tesoro Corp. (NYSE: TSO) 4% LOWER; Sees Q1 EPS Below Consensus
Baidu.com, Inc. (NASDAQ: BIDU) 3.8% HIGHER; Baidu and Intel Announced All-round Cooperation
LAM Research Corp. (NASDAQ: LRCX) 3% HIGHER; reported Q3 EPS of $0.65, 3 cents better than estimates. Revenues were $437.4 million versus the Wall Street consensus of $424.3 million.
Discovery Laboratories Inc. (NASDAQ: DSCO) 3% HIGHER; management will be hosting a conference call today at 4:45 p.m. EDT to provide an update on the progress of the Surfaxin(r) New Drug Application.
Investors Financial Services Corp. (NASDAQ: IFIN) 2.7% LOWER; reports in-line Q1 results
CH Robinson Worldwide Inc. (NASDAQ: CHRW) 2.5% LOWER; Stifel Nicolaus downgrades CH Robinson Worldwide Inc. (Nasdaq: CHRW) from Hold to Sell
Vulcan Materials Co. (NYSE: VMC) INDICATED HIGHER; earnings from continuing operations are expected to be $0.62 to $0.63 per diluted share, versus the consensus of $0.57.
Consolidated Graphics Inc. (NYSE: CGX) INDICATED HIGHER; Board initiated a formal process to explore a range of strategic alternatives to enhance shareholder value, including a potential sale.
New York & Company, Inc. (NYSE: NWY) INDICATED LOWER; expects fully diluted earnings per share to be in the range of $0.09-$0.13, as compared to its previous guidance for diluted earnings per share in the range of $0.20-$0.23.
Phazar Corp. (NASDAQ: ANTP) 23% LOWER; Net sales for the third quarter were $1,420,706, compared to $2,171,287 for the same period in 2005. Net income for the third quarter was $41,185 (2 cents per share), compared to $239,792 (11 cents per share) for the quarter ended February 28, 2005.
MedCath Corp. (Nasdaq: MDTH) 16% LOWER; Stifel Nicolaus downgrades from Hold to Sell with a $14 price target after release of 2007 Hospital Inpatient Prospective Payment System Proposed Rule by the Centers for Medicare and Medicaid Services which proposes cuts for cardiac specialty hospitals
CryoLife, Inc. (NYSE: CRY) 11.8% HIGHER; announced that revenues for the first quarter of 2006 were approximately $19.4 million compared to $17.7 million in the first quarter of 2005, an increase of 10%. Current consensus is $18.68 million.
Nanometrics Inc. (NASDAQ: NANO) 9.3% HIGHER; announced that its revenues for the first quarter ended April 1, 2006 are expected to exceed its previously provided guidance.
Thoratec Corp. (NASDAQ: THOR) 7.4% LOWER; expects to report revenues for the first quarter of approximately $48.8 million, which compares to the current Wall Street consensus of $54.35 million. Also sees a GAAP loss of $(0.03)-$(0.04) per share
Polaris Industries Inc. (NYSE: PII) 7% LOWER; reports Q1 EPS of $0.26, in-line with estimtes. Revenues came in at $333.5 million versus the consensus of $332.35 million. Sees Q2 EPS of $0.50-$0.54, versus the consensus of $0.26. Sees FY06 EPS of $3.08-$3.20 versus the consensus of $3.30.
Spansion Inc. (NASDAQ: SPSN) 6.6% HIGHER; Reports Q1 loss of $0.40, 4 cents better than estimates. Positioned to reach profitability in 2nd half.
Empire Resorts Inc. (NASDAQ: NYNY) 6.5% HIGHER; announced that its partner, the St. Regis Mohawk Tribe, was notified that the Department of the Interior's Bureau of Indian Affairs (BIA) has completed its review of the Environmental Assessment (EA) for a proposed transfer of land into trust for a casino at the Monticello Raceway site.
Aspreva Pharmaceuticals Corporation (Nasdaq: ASPV) 6.2% HIGHER; sees revenue of US$62 million for the first quarter of 2006. First quarter 2006 revenues include a higher than expected quarterly reconciliation payment of US$16 million related to the third quarter of 2005. The current consensus is $42.3 million.
SanDisk Corp. (NASDAQ: SNDK) 5.6% HIGHER; to Replace Chiron in S&P 500. Chiron is being acquired by S&P Global 100 constituent Novartis AG in a deal that is pending final approval.
Sycamore Networks Inc. (NASDAQ: SCMR) 5% HIGHER; entered into a definitive agreement with Allen Organ Company to acquire Allen Organ's majority-owned subsidiary Eastern Research.
Scientific Games Corp. (NASDAQ: SGMS) 4.8% HIGHER; Scientific Games will replace SanDisk in the S&P MidCap 400 as SanDisk is moving to the S&P 500.
Online Resources Corp. (NASDAQ: ORCC) 4% HIGHER; Jim Cramer higlights on Mad Money
Advanced Micro Devices Inc. (NYSE: AMD) 4% LOWER; reported strong Q1 EPS of $0.38, 8 cents better than estimates, but said AMD expects second quarter sales will be flat to slightly down seasonally from the first quarter of 2006 ($1.33 billion), versus the current consensus is $1.35 billion.
Tesoro Corp. (NYSE: TSO) 4% LOWER; Sees Q1 EPS Below Consensus
Baidu.com, Inc. (NASDAQ: BIDU) 3.8% HIGHER; Baidu and Intel Announced All-round Cooperation
LAM Research Corp. (NASDAQ: LRCX) 3% HIGHER; reported Q3 EPS of $0.65, 3 cents better than estimates. Revenues were $437.4 million versus the Wall Street consensus of $424.3 million.
Discovery Laboratories Inc. (NASDAQ: DSCO) 3% HIGHER; management will be hosting a conference call today at 4:45 p.m. EDT to provide an update on the progress of the Surfaxin(r) New Drug Application.
Investors Financial Services Corp. (NASDAQ: IFIN) 2.7% LOWER; reports in-line Q1 results
CH Robinson Worldwide Inc. (NASDAQ: CHRW) 2.5% LOWER; Stifel Nicolaus downgrades CH Robinson Worldwide Inc. (Nasdaq: CHRW) from Hold to Sell
Vulcan Materials Co. (NYSE: VMC) INDICATED HIGHER; earnings from continuing operations are expected to be $0.62 to $0.63 per diluted share, versus the consensus of $0.57.
Consolidated Graphics Inc. (NYSE: CGX) INDICATED HIGHER; Board initiated a formal process to explore a range of strategic alternatives to enhance shareholder value, including a potential sale.
New York & Company, Inc. (NYSE: NWY) INDICATED LOWER; expects fully diluted earnings per share to be in the range of $0.09-$0.13, as compared to its previous guidance for diluted earnings per share in the range of $0.20-$0.23.
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