Streetinsider.com Pre-Open Movers 07/17: (EXXI) (LINE) (LNCO) Higher; (ZAGG) (VSTM) (MAT) Lower (more...)
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ZAGG Inc (Nasdaq: ZAGG) 15% LOWER; The Company expects revenue for the quarter of approximately $51 million. The Company’s revenues were unfavorably impacted in the quarter by the lack of major device launches from the leading mobile computing manufacturers, slower than expected retail distribution expansion and softness in the European market. For the second half of 2013 the Company expects slower retail expansion and projected softness in Europe to continue to impact revenue. To reflect these changes, the Company is adjusting full year 2013 revenue guidance down to a range of $245 million - $252 million. The Street is currently looking for revs of $273.7 million.
Energy XXI (NASDAQ: EXXI) 13.8% HIGHER; Proved Reserves Estimates Increases 50%
Verastem, Inc. (NASDAQ: VSTM) 9.4% LOWER; announced the pricing of its previously announced underwritten public offering of 3,700,000 shares of its common stock, offered at a price of $15.00 per share to the public.
Mattel, Inc. (Nasdaq: MAT) 6.9% LOWER; reported Q2 EPS of $0.21, $0.10 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.22 billion. North American gross sales down 2 percent and International gross sales up 4 percent.
Regulus Therapeutics Inc. (NASDAQ: RGLS) 5.3% LOWER; announced today the pricing of a public offering of 4,500,000 shares of its common stock at a price of $9.50 per share. The gross proceeds to Regulus from this offering are expected to be approximately $42.8 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Regulus. The offering is expected to close on or about July 22, 2013, subject to customary closing conditions. Regulus has also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares at the public offering price to cover overallotments, if any.
LINN Energy (NASDAQ: LINE) 5.2% HIGHER; Goldman Sachs upgrades to Buy
Linn Co, LLC (NASDAQ: LNCO) 5.2% HIGHER; Goldman Sachs upgrades to Buy
Superior Energy Services, Inc. (NYSE: SPN) 3.4% LOWER; warns for Q2. The company sees second quarter 2013 earnings per diluted share are expected to be in the range of $0.42 and $0.44, versus the consensus of $0.50.
Packaging Corp. Of America (NYSE: PKG) 2.9% HIGHER; reported Q2 EPS of $0.71, $0.08 better than the analyst estimate of $0.63. Revenue for the quarter came in at $800.2 million versus the consensus estimate of $769.41 million. Packaging Corp. Of America sees Q3 2013 EPS of $0.88, versus the consensus of $0.87.
Hasbro Inc. (NYSE: HAS) 1.8% LOWER; down on rival Mattel results.
CSX Corp. (NYSE: CSX) 2.1% HIGHER; reported Q2 EPS of $0.52, $0.05 better than the analyst estimate of $0.47. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3 billion.
American Tower (NYSE: AMT) 2.1% HIGHER; competition from SBA Comm (NASDAQ: SBAC) in Brazil
American Express (NYSE: AXP) 1.8% LOWER; a proposal in Europe that would cap transaction fees on cards. According to the Financial Times, an EU commission proposed a 0.2% ceiling on all consumer debit transactions and 0.2% cap on credit card transactions, introduced after a two-year transition period where the ceiling applies only to cross-border fees.
Mastercard (NYSE: MA) 1.7% LOWER; a proposal in Europe that would cap transaction fees on cards. According to the Financial Times, an EU commission proposed a 0.2% ceiling on all consumer debit transactions and 0.2% cap on credit card transactions, introduced after a two-year transition period where the ceiling applies only to cross-border fees.
Interactive Brokers Group, Inc. (NASDAQ: IBKR) 1.7% LOWER; reported Q2 EPS of $0.21, $0.04 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $284 million versus the consensus estimate of $319.78 million.
United Rentals, Inc. (NYSE: URI) 1.7% LOWER; reported Q2 EPS of $1.12, $0.10 better than the analyst estimate of $1.02. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.23 billion.
Visa Inc. (NYSE: V) 1.1% LOWER; a proposal in Europe that would cap transaction fees on cards. According to the Financial Times, an EU commission proposed a 0.2% ceiling on all consumer debit transactions and 0.2% cap on credit card transactions, introduced after a two-year transition period where the ceiling applies only to cross-border fees.
Healthcare Services Group (NASDAQ: HCSG) 1% LOWER; filed a registration with the U.S. SEC to sell, from time to time, up to 1,214,646 shares of its Common Stock on behalf of a selling shareholders. Healthcare Services will not receive proceeds from the secondary sales.
Flow International (Nasdaq: FLOW) 0.5% LOWER; to delay 10-K, to evaluate alternatives.
Energy XXI (NASDAQ: EXXI) 13.8% HIGHER; Proved Reserves Estimates Increases 50%
Verastem, Inc. (NASDAQ: VSTM) 9.4% LOWER; announced the pricing of its previously announced underwritten public offering of 3,700,000 shares of its common stock, offered at a price of $15.00 per share to the public.
Mattel, Inc. (Nasdaq: MAT) 6.9% LOWER; reported Q2 EPS of $0.21, $0.10 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.22 billion. North American gross sales down 2 percent and International gross sales up 4 percent.
Regulus Therapeutics Inc. (NASDAQ: RGLS) 5.3% LOWER; announced today the pricing of a public offering of 4,500,000 shares of its common stock at a price of $9.50 per share. The gross proceeds to Regulus from this offering are expected to be approximately $42.8 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Regulus. The offering is expected to close on or about July 22, 2013, subject to customary closing conditions. Regulus has also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares at the public offering price to cover overallotments, if any.
LINN Energy (NASDAQ: LINE) 5.2% HIGHER; Goldman Sachs upgrades to Buy
Linn Co, LLC (NASDAQ: LNCO) 5.2% HIGHER; Goldman Sachs upgrades to Buy
Superior Energy Services, Inc. (NYSE: SPN) 3.4% LOWER; warns for Q2. The company sees second quarter 2013 earnings per diluted share are expected to be in the range of $0.42 and $0.44, versus the consensus of $0.50.
Packaging Corp. Of America (NYSE: PKG) 2.9% HIGHER; reported Q2 EPS of $0.71, $0.08 better than the analyst estimate of $0.63. Revenue for the quarter came in at $800.2 million versus the consensus estimate of $769.41 million. Packaging Corp. Of America sees Q3 2013 EPS of $0.88, versus the consensus of $0.87.
Hasbro Inc. (NYSE: HAS) 1.8% LOWER; down on rival Mattel results.
CSX Corp. (NYSE: CSX) 2.1% HIGHER; reported Q2 EPS of $0.52, $0.05 better than the analyst estimate of $0.47. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3 billion.
American Tower (NYSE: AMT) 2.1% HIGHER; competition from SBA Comm (NASDAQ: SBAC) in Brazil
American Express (NYSE: AXP) 1.8% LOWER; a proposal in Europe that would cap transaction fees on cards. According to the Financial Times, an EU commission proposed a 0.2% ceiling on all consumer debit transactions and 0.2% cap on credit card transactions, introduced after a two-year transition period where the ceiling applies only to cross-border fees.
Mastercard (NYSE: MA) 1.7% LOWER; a proposal in Europe that would cap transaction fees on cards. According to the Financial Times, an EU commission proposed a 0.2% ceiling on all consumer debit transactions and 0.2% cap on credit card transactions, introduced after a two-year transition period where the ceiling applies only to cross-border fees.
Interactive Brokers Group, Inc. (NASDAQ: IBKR) 1.7% LOWER; reported Q2 EPS of $0.21, $0.04 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $284 million versus the consensus estimate of $319.78 million.
United Rentals, Inc. (NYSE: URI) 1.7% LOWER; reported Q2 EPS of $1.12, $0.10 better than the analyst estimate of $1.02. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.23 billion.
Visa Inc. (NYSE: V) 1.1% LOWER; a proposal in Europe that would cap transaction fees on cards. According to the Financial Times, an EU commission proposed a 0.2% ceiling on all consumer debit transactions and 0.2% cap on credit card transactions, introduced after a two-year transition period where the ceiling applies only to cross-border fees.
Healthcare Services Group (NASDAQ: HCSG) 1% LOWER; filed a registration with the U.S. SEC to sell, from time to time, up to 1,214,646 shares of its Common Stock on behalf of a selling shareholders. Healthcare Services will not receive proceeds from the secondary sales.
Flow International (Nasdaq: FLOW) 0.5% LOWER; to delay 10-K, to evaluate alternatives.
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