Pre-Open Movers 11/07: Nastech, GM Sink; Foster Wheeler Surges Higher

StreetInsider.com Pre-Open Movers

Nastech Pharmaceutical Company, Inc. (Nasdaq: NSTK) 24% LOWER; Reacquires Teriparatide (Parathyroid Hormone; PTH1-34) Nasal Spray from Procter & Gamble

iMERGENT (AMEX: IIG) 14% LOWER; reported Q3 EPS of ($0.07). Revenues for the quarter were $32.5 million.

PeopleSupport, Inc. (Nasdaq: PSPT) 12% HIGHER; reported Q3 EPS of $0.27, which may or may not compare to the analyst estimate of $0.06. Revenues for the quarter were $36.9 million, versus the consensus of $34.70 million.

Acme Packet, Inc. (Nasdaq: APKT) 12% LOWER; reported Q3 EPS of $0.10, 1 cent better than the analyst estimate of $0.09. Revenues for the quarter were $29.6 million, versus the consensus of $29.32 million.

Credence Systems Corp. (Nasdaq: CMOS) 11% LOWER; CFO resigns. Citi cuts to Sell

Aegean Marine Petroleum Network (NYSE: ANW) 11% LOWER; reported Q3 EPS of $0.18, 1 cent better than the analyst estimate of $0.17. Revenues for the quarter were $355.9 million, versus the consensus of $336.07 million.

Foster Wheeler (Nasdaq: FWLT) 9% HIGHER; reports Q3 earnings of $1.66 per share, ex-items, 28 cents better than the consensus of $1.38. Revenues came in at $1.3 billion versus the consensus of $1.27 billion. Foster Wheeler Ltd also announced a 2-for-1 stock split of their common shares, subject to shareholder approval of an increase in the number of authorized shares

Blue Nile Inc. (Nasdaq: NILE) 6.5% HIGHER; reported Q3 EPS of $0.18, 2 cents better than the analyst estimate of $0.16. Revenues for the quarter were $67.4 million, versus the consensus of $68.02 million. Blue Nile boosted its guidance for the FY07 EPS of $1.00 to $1.05, versus the consensus of $1.02. Revenues are expected to be in the range of $316 to $322 million, versus the consensus of $321.8 million.

Turbochef (Nasdaq: OVEN) 5% HIGHER; reported Q3 EPS of $0.03, ex-items, 12 cents better than the analyst estimate of ($0.09). Revenues for the quarter were $32.5 million, versus the consensus of $26.91 million.

Garmin Ltd. (Nasdaq: GRMN) 6% LOWER; TomTom raises offer for Tele Atlas

General Motors Corp. (NYSE: GM) 5% LOWER; Reports a Q3 loss of $2.80 adjusted per share, versus the consensus of a $0.25 loss. Automotive revenues was $43.1 billion versus the consensus of $40.28 billion. Also, announced it will record a net non-cash charge of $39 billion for the third quarter of 2007 related to establishing a valuation allowance against its deferred tax assets in the U.S., Canada and Germany.

Avis Budget Group, Inc. (NYSE: CAR) 4% LOWER; reported Q3 EPS of $0.60, 6 cents lower than the analyst estimate of $0.66. Revenues for the quarter were $1.7 billion, versus the consensus of $1.73 billion. Avis expects FY07 revenues of about $6 billion, versus the consensus of $6.03 billion.

HerbalLife Inc. (NYSE: HLF) 4% LOWER; reported Q3 EPS of $0.67, 3 cents better than the analyst estimate of $0.64. Revenues for the quarter were $529.5 million, versus the consensus of $521.14 million. HerbalLife full year 07 guidance EPS $2.62-$2.64 versus consensus $2.60. Full year 08 EPS $3.17 to $3.23 versus consensus of $3.06

Polo Ralph Lauren Corp. (NYSE: RL) 1% LOWER; reports Q2 EPS of $1.09, 6 cents better than estimates of $1.03. Revenues rose 11% to $1.30 billion, versus the consensus of $1.27 billion. Polo Ralph Lauren sees 2008 EPS of $3.50-$3.60, below prior expectations of $3.64 to $3.74 and below the consensus of $3.71.

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