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Unusual 11 Midday Movers 02/16: (AEA) (ITRI) (BDSI) Higher; (HDY) (BBW) (DGIT) Lower

February 16, 2012 1:41 PM EST
Hyperdynamics Corporation (NYSE: HDY) 33.2% LOWER; today announced disappoint well data. The Hyperdynamics-operated Sabu-1 exploration well reached the planned total depth of 11,844 feet in a water depth of 2,329 feet, approximately 90 miles southwest of Conakry, Guinea. The well encountered oil shows while drilling the targeted Upper Cretaceous section. Petrophysical analysis of electric logs indicates the presence of hydrocarbons in non-commercial concentrations in multiple layers of sandstones distributed throughout a 1,300-foot interval of Santonian to Turonian age sediments. The indicated oil saturation appears to be residual, suggesting that larger volumes of oil formerly were present in the reservoirs but subsequently leaked out or that these rocks lay on a hydrocarbon migration pathway.

Advance America, Cash Advance Centers, Inc. (NYSE: AEA) 32.4% HIGHER; Advance America and Grupo Elektra, S.A.B. de C.V. announced that Advance America and subsidiaries of Grupo Elektra have entered into a definitive agreement under which Grupo Elektra will acquire control of all of the outstanding shares of Advance America, a leading U.S. short-term lender, for $10.50 per share in cash.

Build-A-Bear Workshop (NYSE: BBW) 24.1% LOWER; reported Q4 EPS of $0.34, $0.18 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $117.1 million versus the consensus estimate of $128.13 million. Consolidated comparable store sales declined 4.9%.

Itron, Inc. (NASDAQ: ITRI) 22.1% HIGHER; reported Q4 EPS of $1.19, $0.20 better than the analyst estimate of $0.99. Revenue for the quarter came in at $642.5 million versus the consensus estimate of $582.14 million. Sees FY2012 EPS of $3.80-$4.20, versus the consensus of $3.87. Sees FY2012 revenue of $2.1-$2.3 billion, versus the consensus of $2.26 billion. The stock was upgraded at Baird and ThinkEquity this morning.

DG FastChannel, Inc. (NASDAQ: DGIT) 19.3% LOWER; reported Q4 EPS of $0.40, $0.14 better than the analyst estimate of $0.26. Revenue for the quarter came in at $108.3 million versus the consensus estimate of $118.39 million. The stock was downgraded at Janney and Oppenheimer.

Ancestry.com, Inc. (NASDAQ: ACOM) 18.2% LOWER; reported Q4 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $104.2 million versus the consensus estimate of $104.09 million. Gross subscriber additions were 220,000 in the fourth quarter of 2011, compared to 203,000 in the fourth quarter of 2010 and 274,000 in the third quarter of 2011. Sees Q1 2012 revenue of $106-$108 million, versus the consensus of $108.9 million. Sees FY2012 revenue of $455-$470 million, versus the consensus of $464.3 million.

PMFG, Inc. (Nasdaq: PMFG) 17.5% LOWER; has priced its previously announced public offering of 2,600,000 shares of its common stock at a price to the public of $16.00 per share.

BioDelivery Sciences International, Inc. (Nasdaq: BDSI) 17.5% HIGHER; announced the U.S. Patent and Trademark Office has issued a Notice of Allowance of BDSI's patent application (No. 13/184306) that, once formally granted, will extend the exclusivity of the BioErodible MucoAdhesive drug delivery technology for BEMA Buprenorphine and BEMA Buprenorphine/Naloxone from 2020 to 2027.

Syntel, Inc. (NASDAQ: SYNT) 13.4% HIGHER; reported Q4 EPS of $1.05, $0.22 better than the analyst estimate of $0.83. Revenue for the quarter came in at $172.4 million versus the consensus estimate of $169.14 million. Sees FY2012 EPS of $3.10-$3.35, versus the consensus of $3.31. Sees FY2012 revenue of $720-$750 million, versus the consensus of $735 million.

TRW Automotive (NYSE: TRW) 13.2% HIGHER; reported Q4 EPS of $1.84, $0.29 better than the analyst estimate of $1.55. Revenue for the quarter came in at $3.99 billion versus the consensus estimate of $3.96 billion. Sees Q1 sales of about $4.1 billion, which compares to the Street estimate of $4.15 billion. Sees FY2012 revenue of $16.0-$16.4 billion, versus the consensus of $16.6 billion.

Universal Forest Products, Inc. (NASDAQ: UFPI) 12.4% HIGHER; reported Q4 EPS of ($0.09), vs. the analyst estimate of ($0.05). Revenue for the quarter came in at $422.02 million versus the consensus estimate of $372.41 million.


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Robert W Baird, ThinkEquity