Unusual 11 Mid-Day Movers 03/15: (PGNX) (AMBO) (STP) Higher; (SNMX) (GLDD) (SUPN) Lower
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Progenics Pharmaceuticals, Inc. (Nasdaq: PGNX) 30.5% HIGHER; reported Q4 EPS of ($0.01), $0.30 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $8.87 million versus the consensus estimate of $1.16 million.
Senomyx, Inc. (Nasdaq: SNMX) 20.8% LOWER; reported Q4 EPS of ($0.06), $0.02 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $6.73 million versus the consensus estimate of $8.39 million. Sees FY2013 loss of ($0.25)- ($0.20), versus the consensus of ($0.11). Sees FY2013 revenue of $31-$34 million, versus the consensus of $34.95 million.
Ambow Education Holding (NYSE: AMBO) 17.8% HIGHER; higher today following an amended 13D filed by Baring Asia PE Fund. Baring is proposing a $1.46 per ADS go private deal.
Great Lakes Dredge & Dock Corp. (Nasdaq: GLDD) 17.8% LOWER; reported Q4 EPS of $0.01, $0.18 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $207.1 million versus the consensus estimate of $153.28 million.
Suntech Power Holdings Co. ADS (NYSE: STP) 17.7% HIGHER; announced that it has been contacted by the New York Stock Exchange, Inc. regarding today's unusual trading activity relating to its American depositary shares. Management of the Company is not aware of undisclosed events that triggered such trading activity. The Company is aware of recent market rumors and third party reports regarding the Company's financial position and other matters.
Supernus Pharm (Nasdaq: SUPN) 17.0% LOWER; reported Q4 EPS of ($0.51), $0.20 better than the analyst estimate of ($0.71).
Team, Inc. (NYSE: TISI) 16.8% LOWER; announced that it is lowering its earnings guidance for its fiscal year ending May 31, 2013 to a range of $1.70 to $1.85 per fully diluted share. The revised guidance is a decrease of $0.20 per share from the previously issued earnings guidance, and excludes the impact of a non-routine pre-tax charge estimated at $600,000 associated with the recent Venezuelan currency devaluation. Team is also modifying its full year revenue guidance to a range of $705 to $720 million. The Street sees FY13 EPS of $2.03 and revs of $732.48 million.
Ulta Salon (Nasdaq: ULTA) 15.7% LOWER; reported Q4 EPS of $1.00, $0.02 better than the analyst estimate of $0.98. Revenue for the quarter came in at $758.8 million versus the consensus estimate of $753.93 million. Comparable Store Sales Increased 8.0%. Sees Q1 2013 EPS of $0.60 - $0.63, versus the consensus of $0.72. Also sees Q1 2013 revenue of $568 - $577 million, versus the consensus of $579.66 million.
Comstock Resources, Inc. (NYSE: CRK) 13.3% HIGHER; announced that it has entered into a definitive agreement with Rosetta Resources Inc. (Nasdaq: ROSE) pursuant to which Rosetta will acquire all of Comstock's oil and gas properties in Reeves and Gaines counties in West Texas for a sales price of $768 million, subject to customary purchase price adjustments and closing conditions. The sale will have an effective date of January 1, 2013 and is expected to close on or about May 15, 2013. The Company intends to use the proceeds from the sale to reduce its outstanding debt and to fund an increase to its 2013 drilling program in the Eagle Ford shale.
LDK Solar (NYSE: LDK) 12.0% HIGHER; seeing a relief rally right along with peer Suntech today following a few days of downward pressure.
China Automotive Systems Inc. (CAAS) 12.0% HIGHER; could be moving higher as Li Keqiang took office as Prime Minister of China.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Senomyx, Inc. (Nasdaq: SNMX) 20.8% LOWER; reported Q4 EPS of ($0.06), $0.02 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $6.73 million versus the consensus estimate of $8.39 million. Sees FY2013 loss of ($0.25)- ($0.20), versus the consensus of ($0.11). Sees FY2013 revenue of $31-$34 million, versus the consensus of $34.95 million.
Ambow Education Holding (NYSE: AMBO) 17.8% HIGHER; higher today following an amended 13D filed by Baring Asia PE Fund. Baring is proposing a $1.46 per ADS go private deal.
Great Lakes Dredge & Dock Corp. (Nasdaq: GLDD) 17.8% LOWER; reported Q4 EPS of $0.01, $0.18 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $207.1 million versus the consensus estimate of $153.28 million.
Suntech Power Holdings Co. ADS (NYSE: STP) 17.7% HIGHER; announced that it has been contacted by the New York Stock Exchange, Inc. regarding today's unusual trading activity relating to its American depositary shares. Management of the Company is not aware of undisclosed events that triggered such trading activity. The Company is aware of recent market rumors and third party reports regarding the Company's financial position and other matters.
Supernus Pharm (Nasdaq: SUPN) 17.0% LOWER; reported Q4 EPS of ($0.51), $0.20 better than the analyst estimate of ($0.71).
Team, Inc. (NYSE: TISI) 16.8% LOWER; announced that it is lowering its earnings guidance for its fiscal year ending May 31, 2013 to a range of $1.70 to $1.85 per fully diluted share. The revised guidance is a decrease of $0.20 per share from the previously issued earnings guidance, and excludes the impact of a non-routine pre-tax charge estimated at $600,000 associated with the recent Venezuelan currency devaluation. Team is also modifying its full year revenue guidance to a range of $705 to $720 million. The Street sees FY13 EPS of $2.03 and revs of $732.48 million.
Ulta Salon (Nasdaq: ULTA) 15.7% LOWER; reported Q4 EPS of $1.00, $0.02 better than the analyst estimate of $0.98. Revenue for the quarter came in at $758.8 million versus the consensus estimate of $753.93 million. Comparable Store Sales Increased 8.0%. Sees Q1 2013 EPS of $0.60 - $0.63, versus the consensus of $0.72. Also sees Q1 2013 revenue of $568 - $577 million, versus the consensus of $579.66 million.
Comstock Resources, Inc. (NYSE: CRK) 13.3% HIGHER; announced that it has entered into a definitive agreement with Rosetta Resources Inc. (Nasdaq: ROSE) pursuant to which Rosetta will acquire all of Comstock's oil and gas properties in Reeves and Gaines counties in West Texas for a sales price of $768 million, subject to customary purchase price adjustments and closing conditions. The sale will have an effective date of January 1, 2013 and is expected to close on or about May 15, 2013. The Company intends to use the proceeds from the sale to reduce its outstanding debt and to fund an increase to its 2013 drilling program in the Eagle Ford shale.
LDK Solar (NYSE: LDK) 12.0% HIGHER; seeing a relief rally right along with peer Suntech today following a few days of downward pressure.
China Automotive Systems Inc. (CAAS) 12.0% HIGHER; could be moving higher as Li Keqiang took office as Prime Minister of China.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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