08/16 StreetInsider.com Unusual 11 Mid-Day Movers
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Parlux Fragrances (Nasdaq: PARL) 26.5% HIGHER; Company has entered into a letter of intent to sell its Perry Ellis fragrance rights to Victory International LLC . The letter of intent is subject to the execution of a definitive agreement and the approvals associated therewith. The letter of intent provides for Victory to pay Parlux a total of up to $140 million, $120 million for the fragrance rights and up to $20 million for inventory.
Daktronics, Inc. (Nasdaq: DAKT) 26.3% LOWER; Reports Q1 EPS of $0.12, 4 cents worse than estimates. Revenues were $92.2 million vs. $92.14 million consensus. Sees Q2 revenues between $95-105 million vs. $94.58 million consensus. Sees Q2 EPS between $0.13-0.18 vs. $0.18 consensus. The company increases FY revenue estimate to be in excess of $372 million. Current FY consensus is $383.24 million consensus.
AP Pharma Inc. (Nasdaq: APPA) 25.7% HIGHER; Merriman Curhan initiates coverage on APPA with a Buy rating.
Casella Waste Systems (Nasdaq: CWST) 12.1% LOWER; Company said that the Q1's overall performance fell short of expectations and the company will likely report a net earnings per share (EPS) loss of $(0.02) to $(0.04). Current consensus is $0.07 profit. The company said that its overall company revenues for its first quarter of fiscal year 2007 are on track, with the exception being its South Eastern region.
Evercore Partners (NYSE: EVR) 11.2% HIGHER; Recent IPO moving higher.
Abercrombie & Fitch Co. (NYSE: ANF) 10% HIGHER; Reports Q2 EPS of $0.72, 1 cent better than estimates.(0.71) Revenues were $658.7 million vs. $658.81 million consensus. Sees 2nd half 2006 EPS between $3.15-3.20. Sees FY EPS between $4.49-4.54 vs. $4.39 consensus.
Bally Total Fitness (NYSE: BFT) 10% HIGHER; Stock bouncing back after 25% drop on August 11th after CEO resigned and company no longer evaluating strategic alternatives.
Pep Boys (NYSE: PBY) 9.2% HIGHER; Reports Q2 EPS of $0.03, 1 cent better than estimates.(0.02) Revenues were $578.6 million vs. $584.87 million consensus. NOTE - The Company has closed its review of strategic alternatives with no transactions.
Tween Brands (NYSE: TWB) 8.6% LOWER; Reports Q2 EPS of $0.18, in-line with estimates. Revenues came in at $185.8 million versus the consensus of $177.3 million. Sees FY07 EPS of $2-$2.10 versus the consensus of $2.08.
Mills Corp. (NYSE: MLS) 8.6% LOWER; Mark Ettenger�s service as President of The Mills Corporation is terminated, also, the company expects to incur severance and lease termination costs currently estimated at approximately $5.0 million, which are anticipated to result in future cash expenditures of an equivalent amount.
La-Z-Boy (NYSE: LZB) 7% LOWER; Reports Q1 EPS of $0.02, 1 cent worse than estimates.(0.03) Revenues were $418.7 million vs. $464.75 million consensus. Sees Q2 EPS between $0.11-0.15 (including up to $0.02 option expense) vs. $0.15 consensus. Sees Q2 revenues up by mid-single digits vs. consensus of $483.47 million. Morgan Keegan downgrades La-Z-Boy to Underperform.
Daktronics, Inc. (Nasdaq: DAKT) 26.3% LOWER; Reports Q1 EPS of $0.12, 4 cents worse than estimates. Revenues were $92.2 million vs. $92.14 million consensus. Sees Q2 revenues between $95-105 million vs. $94.58 million consensus. Sees Q2 EPS between $0.13-0.18 vs. $0.18 consensus. The company increases FY revenue estimate to be in excess of $372 million. Current FY consensus is $383.24 million consensus.
AP Pharma Inc. (Nasdaq: APPA) 25.7% HIGHER; Merriman Curhan initiates coverage on APPA with a Buy rating.
Casella Waste Systems (Nasdaq: CWST) 12.1% LOWER; Company said that the Q1's overall performance fell short of expectations and the company will likely report a net earnings per share (EPS) loss of $(0.02) to $(0.04). Current consensus is $0.07 profit. The company said that its overall company revenues for its first quarter of fiscal year 2007 are on track, with the exception being its South Eastern region.
Evercore Partners (NYSE: EVR) 11.2% HIGHER; Recent IPO moving higher.
Abercrombie & Fitch Co. (NYSE: ANF) 10% HIGHER; Reports Q2 EPS of $0.72, 1 cent better than estimates.(0.71) Revenues were $658.7 million vs. $658.81 million consensus. Sees 2nd half 2006 EPS between $3.15-3.20. Sees FY EPS between $4.49-4.54 vs. $4.39 consensus.
Bally Total Fitness (NYSE: BFT) 10% HIGHER; Stock bouncing back after 25% drop on August 11th after CEO resigned and company no longer evaluating strategic alternatives.
Pep Boys (NYSE: PBY) 9.2% HIGHER; Reports Q2 EPS of $0.03, 1 cent better than estimates.(0.02) Revenues were $578.6 million vs. $584.87 million consensus. NOTE - The Company has closed its review of strategic alternatives with no transactions.
Tween Brands (NYSE: TWB) 8.6% LOWER; Reports Q2 EPS of $0.18, in-line with estimates. Revenues came in at $185.8 million versus the consensus of $177.3 million. Sees FY07 EPS of $2-$2.10 versus the consensus of $2.08.
Mills Corp. (NYSE: MLS) 8.6% LOWER; Mark Ettenger�s service as President of The Mills Corporation is terminated, also, the company expects to incur severance and lease termination costs currently estimated at approximately $5.0 million, which are anticipated to result in future cash expenditures of an equivalent amount.
La-Z-Boy (NYSE: LZB) 7% LOWER; Reports Q1 EPS of $0.02, 1 cent worse than estimates.(0.03) Revenues were $418.7 million vs. $464.75 million consensus. Sees Q2 EPS between $0.11-0.15 (including up to $0.02 option expense) vs. $0.15 consensus. Sees Q2 revenues up by mid-single digits vs. consensus of $483.47 million. Morgan Keegan downgrades La-Z-Boy to Underperform.
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