Morning Movers 11/02: (PNX) (CDXS) (LF) (HGG) Higher; (CECO) (DMND) (RLOC) (QUIK) (NVTL) Lower
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Career Education Corp (NASDAQ: CECO) 39.9% LOWER; reported Q3 EPS of $0.14, versus $0.33 reported last year. Revenue for the quarter came in at $431.3 million versus the consensus estimate of $458.59 million. Accepts resignation of CEO Gary McCullough, names Lesnik as CEO.
Phoenix Cos., Inc. (NYSE: PNX) 26.5% HIGHER; reported Q3 adjusted EPS of $0.25, versus ($0.06) reported last year. Revenue for the quarter came in at $463.3 million, versus $483.2 million reported last year.
Codexis, Inc. (NASDAQ: CDXS) 21.1% HIGHER; reported Q3 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $33.3 million versus the consensus estimate of $31.65 million. Sees FY2011 revenue of $120 million or more, versus the consensus of $122 million.
LeapFrog Enterprises Inc. (NYSE: LF) 21.5% HIGHER; reported Q3 EPS of $0.35, $0.08 better than the analyst estimate of $0.27. Revenue for the quarter came in at $151 million versus the consensus estimate of $141.48 million. LeapFrog Enterprises Inc. sees FY2011 EPS of $0.17-$0.22, versus the consensus of $0.21. LeapFrog Enterprises Inc. sees FY2011 revenue of $435-$445 million, versus the consensus of $436 million.
Diamond Foods, Inc. (Nasdaq: DMND) 20.1% LOWER; announced that its previously announced acquisition of the Pringles snack business from The Procter & Gamble Company (NYSE: PG) is now expected to close in the first half of calendar 2012. Diamond and P&G had previously expected the closing to occur in December of 2011. The stock was downgraded at BofA, RBC, Janney and Northland.
ReachLocal, Inc. (NASDAQ: RLOC) 18.9% LOWER; reported Q3 EPS of $0.09, which may not compare to the analyst estimate of ($0.05). Revenue for the quarter came in at $98.63 million versus the consensus estimate of $101.29 million. The stock was downgraded at Craig-Hallum.
QuickLogic Corp (NASDAQ: QUIK) 18% LOWER; reported Q3 non-GAAP EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $5.3 million versus the consensus estimate of $5.59 million.
HHGregg, Inc. (NYSE: HGG) 15.3% HIGHER; reported Q1 EPS of $0.16, $0.10 better than the analyst estimate of $0.06. Revenue for the quarter came in at $618.6 million versus the consensus estimate of $539.6 million. Comps up 1.5%. HHGregg, Inc. sees FY2011 EPS of $1.26-$1.41, versus prior guidance of $1.20-$1.35 and the consensus of $1.20. Sees net sales increase of 20% to 25%, from a previous range of 15% to 20%.
Forest Oil (NYSE: FST) 15.2% HIGHER; continuing higher today following a 10 percent rise yesterday on the back of inline Q3 results. Hearing the stock was upgraded at BofA earlier.
Novatel Wireless, Inc. (NASDAQ: NVTL) 14.9% LOWER; reported Q3 EPS of $0.00, $0.08 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $113.3 million versus the consensus estimate of $112.95 million. Novatel Wireless, Inc. sees Q4 2011 EPS of $-0.10-$0.00, versus the consensus of $0.02. Novatel Wireless, Inc. sees Q4 2011 revenue of $105-$120 million, versus the consensus of $122.7 million.
Boston Beer Co. (NYSE: SAM) 14.6% HIGHER; reported Q3 EPS of $1.19, $0.09 better than the analyst estimate of $1.10. Revenue for the quarter came in at $134.8 million versus the consensus estimate of $131.94 million. Boston Beer Co. sees FY2011 EPS of $3.60-$3.90, versus prior guidance of $3.20-$3.60 and the consensus of $3.36.
Vonage Holdings (NYSE: VG) 14.4% LOWER; reported Q3 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $217 million versus the consensus estimate of $220.87 million.
Genomic Health, Inc. (NASDAQ: GHDX) 14.3% HIGHER; reported Q3 EPS of $0.10, $0.06 better than the analyst estimate of $0.04. Revenue for the quarter came in at $52.1 million versus the consensus estimate of $52.3 million. The stock was upgraded at Piper Jaffray and Ladenburg Thalmann.
Accretive Health (NYSE: AH) 14.2% HIGHER; Intermountain Healthcare and Accretive HEalth today announced a five-year strategic relationship for end-to-end revenue cycle operations. This agreement will enable Intermountain to build on its track record of revenue cycle excellence by leveraging Accretive’s distinctive operating model, including its rigorous processes and proprietary technology, to generate additional improvements in revenue yield and enhance patient satisfaction across Intermountain’s network of 23 hospitals.
Huntsman Corp. (NYSE: HUN) 13.7% HIGHER; reported Q3 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $2.98 billion versus the consensus estimate of $2.87 billion.
Wright Medical Group, Inc. (NASDAQ: WMGI) 13.3% LOWER; reported Q3 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $118.2 million versus the consensus estimate of $125.81 million. Wright Medical Group, Inc. sees FY2011 EPS of $0.80-$0.84, versus the consensus of $0.76. Wright Medical Group, Inc. sees FY2011 revenue of $505-$509 million, versus the consensus of $534 million.
Finisar (Nasdaq: FNSR) 13.2% HIGHER; likely moving higher on better-than-expected results from JDS Uniphase (Nasdaq: JDSU). JDSU shares are up more than 9 percent this morning.
EZchip Semiconductor Ltd (NASDAQ: EZCH) 12.6% LOWER; reported Q3 non-GAAP EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $18.7 million versus the consensus estimate of $18.46 million.
kforce, Inc. (NASDAQ: KFRC) 12% HIGHER; reported Q3 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $289 million versus the consensus estimate of $289.28 million. Boosts buyback by $75 million. kforce, Inc. sees Q4 2011 EPS of $0.17-$0.21, versus the consensus of $0.19. kforce, Inc. sees Q4 2011 revenue of $278-$285 million, versus the consensus of $280 million.
OpenTable Inc. (NASDAQ: OPEN) 11.9% LOWER; reported Q3 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $34.4 million versus the consensus estimate of $35.86 million.
Convergys Corp. (NYSE: CVG) 11.8% HIGHER; reported Q3 EPS of $0.25, $0.02 better than the analyst estimate of $0.23. Revenue for the quarter came in at $576.9 million versus the consensus estimate of $558.77 million.
Merge Healthcare (Nasdaq: MRGE) 11.3% HIGHER; reports Q3 loss of $0.01, vs. the analyst estimate of $0.05. Revenue for the quarter came in at $60.1 million, versus the consensus estimate of $60.87 million.
John Bean Technologies (NYSE: JBT) 11.2% HIGHER; reported Q3 EPS of $0.28, $0.02 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $230.3 million versus the consensus estimate of $235.9 million. John Bean Technologies sees FY2011 EPS of $1.30-$1.36, versus the consensus of $1.42. John Bean's Board of Directors has authorized the repurchase of up to $30 million of the Company's common stock through December 31, 2014.
MetroPCS (NYSE: PCS) 10.6% HIGHER; JPMorgan upgraded the stock from Neutral to Overweight, price target lowered from $18 to $11. Shares are down nearly 23 percent over the last three trading sessions.
Thoratec Corp (NASDAQ: THOR) 10.6% LOWER; reported Q3 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $102.6 million versus the consensus estimate of $103.63 million. Thoratec Corp sees FY2011 EPS of $1.48-$1.52, versus prior guidance of $1.40-$1.50 and the consensus of $1.49. Thoratec Corp sees FY2011 revenue of $418-$423 million, versus prior guidance of $422-$430 million and the consensus of $428.43 million.
Wright Express Corp. (NYSE: WXS) 10.4% HIGHER; reported Q3 EPS of $0.99, $0.06 better than the analyst estimate of $0.93. Revenue for the quarter came in at $151.9 million versus the consensus estimate of $146.52 million. Sees Q4 2011 EPS of $0.88-$0.94, versus the consensus of $0.93. Wright Express Corp. sees Q4 2011 revenue of $135-$140 million, versus the consensus of $144.02 million. Sees FY2011 EPS of $3.53-$3.59, versus the consensus of $3.54. Wright Express Corp. sees FY2011 revenue of $548-$553 million, versus the consensus of $537.92 million.
AOL (NYSE: AOL) 10.4% HIGHER; reported Q3 loss of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $531.7 million versus the consensus estimate of $524.04 million.
Amarin (Nasdaq: AMRN) 10.3% LOWER; chatter the company has received a non-final patent rejection for AMR-101 from the USPTO.
Rex Energy Corporation (NASDAQ: REXX) 10% HIGHER; reported Q3 EPS of $0.14, $0.07 better than the analyst estimate of $0.07. Revenue for the quarter came in at $32.4 million versus the consensus estimate of $30.69 million.
Foster Wheeler AG (NASDAQ: FWLT) 9.7% LOWER; reported Q3 EPS of $0.33, $0.11 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.25 billion. Maintains outlook.
Phoenix Cos., Inc. (NYSE: PNX) 26.5% HIGHER; reported Q3 adjusted EPS of $0.25, versus ($0.06) reported last year. Revenue for the quarter came in at $463.3 million, versus $483.2 million reported last year.
Codexis, Inc. (NASDAQ: CDXS) 21.1% HIGHER; reported Q3 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $33.3 million versus the consensus estimate of $31.65 million. Sees FY2011 revenue of $120 million or more, versus the consensus of $122 million.
LeapFrog Enterprises Inc. (NYSE: LF) 21.5% HIGHER; reported Q3 EPS of $0.35, $0.08 better than the analyst estimate of $0.27. Revenue for the quarter came in at $151 million versus the consensus estimate of $141.48 million. LeapFrog Enterprises Inc. sees FY2011 EPS of $0.17-$0.22, versus the consensus of $0.21. LeapFrog Enterprises Inc. sees FY2011 revenue of $435-$445 million, versus the consensus of $436 million.
Diamond Foods, Inc. (Nasdaq: DMND) 20.1% LOWER; announced that its previously announced acquisition of the Pringles snack business from The Procter & Gamble Company (NYSE: PG) is now expected to close in the first half of calendar 2012. Diamond and P&G had previously expected the closing to occur in December of 2011. The stock was downgraded at BofA, RBC, Janney and Northland.
ReachLocal, Inc. (NASDAQ: RLOC) 18.9% LOWER; reported Q3 EPS of $0.09, which may not compare to the analyst estimate of ($0.05). Revenue for the quarter came in at $98.63 million versus the consensus estimate of $101.29 million. The stock was downgraded at Craig-Hallum.
QuickLogic Corp (NASDAQ: QUIK) 18% LOWER; reported Q3 non-GAAP EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $5.3 million versus the consensus estimate of $5.59 million.
HHGregg, Inc. (NYSE: HGG) 15.3% HIGHER; reported Q1 EPS of $0.16, $0.10 better than the analyst estimate of $0.06. Revenue for the quarter came in at $618.6 million versus the consensus estimate of $539.6 million. Comps up 1.5%. HHGregg, Inc. sees FY2011 EPS of $1.26-$1.41, versus prior guidance of $1.20-$1.35 and the consensus of $1.20. Sees net sales increase of 20% to 25%, from a previous range of 15% to 20%.
Forest Oil (NYSE: FST) 15.2% HIGHER; continuing higher today following a 10 percent rise yesterday on the back of inline Q3 results. Hearing the stock was upgraded at BofA earlier.
Novatel Wireless, Inc. (NASDAQ: NVTL) 14.9% LOWER; reported Q3 EPS of $0.00, $0.08 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $113.3 million versus the consensus estimate of $112.95 million. Novatel Wireless, Inc. sees Q4 2011 EPS of $-0.10-$0.00, versus the consensus of $0.02. Novatel Wireless, Inc. sees Q4 2011 revenue of $105-$120 million, versus the consensus of $122.7 million.
Boston Beer Co. (NYSE: SAM) 14.6% HIGHER; reported Q3 EPS of $1.19, $0.09 better than the analyst estimate of $1.10. Revenue for the quarter came in at $134.8 million versus the consensus estimate of $131.94 million. Boston Beer Co. sees FY2011 EPS of $3.60-$3.90, versus prior guidance of $3.20-$3.60 and the consensus of $3.36.
Vonage Holdings (NYSE: VG) 14.4% LOWER; reported Q3 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $217 million versus the consensus estimate of $220.87 million.
Genomic Health, Inc. (NASDAQ: GHDX) 14.3% HIGHER; reported Q3 EPS of $0.10, $0.06 better than the analyst estimate of $0.04. Revenue for the quarter came in at $52.1 million versus the consensus estimate of $52.3 million. The stock was upgraded at Piper Jaffray and Ladenburg Thalmann.
Accretive Health (NYSE: AH) 14.2% HIGHER; Intermountain Healthcare and Accretive HEalth today announced a five-year strategic relationship for end-to-end revenue cycle operations. This agreement will enable Intermountain to build on its track record of revenue cycle excellence by leveraging Accretive’s distinctive operating model, including its rigorous processes and proprietary technology, to generate additional improvements in revenue yield and enhance patient satisfaction across Intermountain’s network of 23 hospitals.
Huntsman Corp. (NYSE: HUN) 13.7% HIGHER; reported Q3 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $2.98 billion versus the consensus estimate of $2.87 billion.
Wright Medical Group, Inc. (NASDAQ: WMGI) 13.3% LOWER; reported Q3 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $118.2 million versus the consensus estimate of $125.81 million. Wright Medical Group, Inc. sees FY2011 EPS of $0.80-$0.84, versus the consensus of $0.76. Wright Medical Group, Inc. sees FY2011 revenue of $505-$509 million, versus the consensus of $534 million.
Finisar (Nasdaq: FNSR) 13.2% HIGHER; likely moving higher on better-than-expected results from JDS Uniphase (Nasdaq: JDSU). JDSU shares are up more than 9 percent this morning.
EZchip Semiconductor Ltd (NASDAQ: EZCH) 12.6% LOWER; reported Q3 non-GAAP EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $18.7 million versus the consensus estimate of $18.46 million.
kforce, Inc. (NASDAQ: KFRC) 12% HIGHER; reported Q3 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $289 million versus the consensus estimate of $289.28 million. Boosts buyback by $75 million. kforce, Inc. sees Q4 2011 EPS of $0.17-$0.21, versus the consensus of $0.19. kforce, Inc. sees Q4 2011 revenue of $278-$285 million, versus the consensus of $280 million.
OpenTable Inc. (NASDAQ: OPEN) 11.9% LOWER; reported Q3 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $34.4 million versus the consensus estimate of $35.86 million.
Convergys Corp. (NYSE: CVG) 11.8% HIGHER; reported Q3 EPS of $0.25, $0.02 better than the analyst estimate of $0.23. Revenue for the quarter came in at $576.9 million versus the consensus estimate of $558.77 million.
Merge Healthcare (Nasdaq: MRGE) 11.3% HIGHER; reports Q3 loss of $0.01, vs. the analyst estimate of $0.05. Revenue for the quarter came in at $60.1 million, versus the consensus estimate of $60.87 million.
John Bean Technologies (NYSE: JBT) 11.2% HIGHER; reported Q3 EPS of $0.28, $0.02 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $230.3 million versus the consensus estimate of $235.9 million. John Bean Technologies sees FY2011 EPS of $1.30-$1.36, versus the consensus of $1.42. John Bean's Board of Directors has authorized the repurchase of up to $30 million of the Company's common stock through December 31, 2014.
MetroPCS (NYSE: PCS) 10.6% HIGHER; JPMorgan upgraded the stock from Neutral to Overweight, price target lowered from $18 to $11. Shares are down nearly 23 percent over the last three trading sessions.
Thoratec Corp (NASDAQ: THOR) 10.6% LOWER; reported Q3 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $102.6 million versus the consensus estimate of $103.63 million. Thoratec Corp sees FY2011 EPS of $1.48-$1.52, versus prior guidance of $1.40-$1.50 and the consensus of $1.49. Thoratec Corp sees FY2011 revenue of $418-$423 million, versus prior guidance of $422-$430 million and the consensus of $428.43 million.
Wright Express Corp. (NYSE: WXS) 10.4% HIGHER; reported Q3 EPS of $0.99, $0.06 better than the analyst estimate of $0.93. Revenue for the quarter came in at $151.9 million versus the consensus estimate of $146.52 million. Sees Q4 2011 EPS of $0.88-$0.94, versus the consensus of $0.93. Wright Express Corp. sees Q4 2011 revenue of $135-$140 million, versus the consensus of $144.02 million. Sees FY2011 EPS of $3.53-$3.59, versus the consensus of $3.54. Wright Express Corp. sees FY2011 revenue of $548-$553 million, versus the consensus of $537.92 million.
AOL (NYSE: AOL) 10.4% HIGHER; reported Q3 loss of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $531.7 million versus the consensus estimate of $524.04 million.
Amarin (Nasdaq: AMRN) 10.3% LOWER; chatter the company has received a non-final patent rejection for AMR-101 from the USPTO.
Rex Energy Corporation (NASDAQ: REXX) 10% HIGHER; reported Q3 EPS of $0.14, $0.07 better than the analyst estimate of $0.07. Revenue for the quarter came in at $32.4 million versus the consensus estimate of $30.69 million.
Foster Wheeler AG (NASDAQ: FWLT) 9.7% LOWER; reported Q3 EPS of $0.33, $0.11 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.25 billion. Maintains outlook.
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