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Morning Movers 01/25: (INCB) (ILMN) (GNOM) (LCC) Higher; (FBC) (BVSN) (FIO) (REDF) Lower

January 25, 2012 11:11 AM EST
Indiana Community Bancorp (Nasdaq: INCB) 43.9% HIGHER; Old National Bancorp (NYSE: ONB) will acquire the company in a $79.2 million stock deal.

Illumina, Inc. (NASDAQ: ILMN) 43.3% HIGHER; Roche announced a proposal to acquire all outstanding shares of Illumina for $44.50 per share in cash. Click here to see the full report.

Flagstar Bancorp, Inc. (NYSE: FBC) 22.9% LOWER; reported Q4 EPS of ($0.08), $0.05 worse than the analyst estimate of ($0.03).

Complete Genomics (Nasdaq: GNOM) 21.6% HIGHER; trading higher amid the Illumina/Roche deal.

BroadVision (Nasdaq: BVSN) 17.8% LOWER; after surging more than 300 percent from December 9th to a high midday yesterday. Just before 2pm ET Tuesday, however, shares began selling off sharply and are continuing lower today. The stock was over $43 when shares started selling off yesterday, and are now trading around $28.

Fusion-IO (NYSE: FIO) 16.6% LOWER; reported Q2 EPS of $0.05, versus ($0.08) reported last year. Revenue for the quarter came in at $84.1 million versus the consensus estimate of $31.2 million. Fusion-io sees Q3 2012 revenue of $85 million. Sees FY12 revenue growth is expected to be 65 to 70%.

Rediff.com India Ltd (NASDAQ: REDF) 15.9% LOWER; reported Q3 EPS of ($0.04), versus ($0.07) reported last year. Revenue for the quarter came in at $4.81 million, versus $5.9 million reported last year.

Ericsson Telephone Co. (Nasdaq: ERIC) 15.6% LOWER; reports Q4 EPS of SEK 0.55, versus SEK 1.65 reported for the same period a year ago. Revenue for the quarter was SEK 63.7 billion, compared to SEK 62.8 billion in Q410.

US Airways Group, Inc. (NYSE: LCC) 15% HIGHER; reported Q4 EPS of $0.13, $0.11 better than the analyst estimate of $0.02. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $3.14 billion.

Pacific Biosciences of California (Nasdaq: PACB) 14.3% HIGHER; see GNOM above. Deutsche Bank added the stock to its "Short-Term Buy" list earlier.

Textron, Inc. (NYSE: TXT) 14.2% HIGHER; reported Q4 EPS of $0.49, $0.15 better than the analyst estimate of $0.34. Revenue for the quarter came in at $3.25 billion versus the consensus estimate of $3.24 billion. Sees FY2012 EPS of $1.80-$2.00, versus the consensus of $1.66. Also sees FY2012 revenue of $12.5 billion, versus the consensus of $11.90 billion.

Hudson Technologies (Nasdaq: HDSN) 13.6% HIGHER; following a move above the $2 level yesterday. This morning the company announced the issuance of EPA no action assurance letter to HCFC importers and producers.

Piper Jaffray Cos. (NYSE: PJC) 13.2% LOWER; reported Q4 EPS of $0.11, $0.17 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $99.2 million versus the consensus estimate of $119.92 million.

Lecroy Corp (NASDAQ: LCRY) 13% LOWER; reported Q2 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $51.1 million versus the consensus estimate of $50.68 million. Sees Q3 2012 EPS of $0.25-$0.27, versus the consensus of $0.30. Sees Q3 2012 revenue of $47-$49 million, versus the consensus of $50.33 million. Sees FY2012 EPS of $1.10-$1.12, versus the consensus of $1.19. Sees FY2012 revenue of ~$200 million, versus the consensus of $202.58 million.

Tempur-Pedic International, Inc. (NYSE: TPX) 11% HIGHER; reported Q4 EPS of $0.84, $0.02 better than the analyst estimate of $0.82. Revenue for the quarter came in at $366.8 million versus the consensus estimate of $364.36 million. Sees FY12 EPS of $3.80-$3.95 on sales of $1.6-$1.65 billion. The Street is currently expecting FY12 EPS of $3.77 on sales of $1.59 billion.

Rubicon Technology (NASDAQ: RBCN) 10.5% LOWER; Sterne Agee downgraded the stock from Neutral to Underperform.

Corning, Inc. (NYSE: GLW) 10.5% LOWER; reported Q4 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.84 billion. Equity earnings in the first quarter are expected to decline in the range of 5% to 20%, excluding special items,

Mercury Computer Systems, Inc. (NASDAQ: MRCY) 10.3% LOWER; reported Q2 EPS of $0.30, $0.05 better than the analyst estimate of $0.25. Revenue for the quarter came in at $68 million versus the consensus estimate of $68.34 million. Sees Q3 EPS of 9-11 cents and FY12 EPS of 59-61 cents.

CA, Inc. (NASDAQ: CA) 9.6% HIGHER; reported Q3 EPS of $0.65, $0.11 better than the analyst estimate of $0.54. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.21 billion. CA, Inc. sees FY2012 EPS of $2.21-$2.25, versus the consensus of $2.15. CA, Inc. sees FY2012 revenue of $4.8 million, versus the consensus of $4.74 million.

TE Connectivity (NYSE: TEL) 9.6% LOWER; reported Q1 EPS of $0.66, $0.04 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $3.31 billion versus the consensus estimate of $3.44 billion. Sees Q2 2012 EPS of $0.64-$0.68, versus the consensus of $0.76. Sees Q2 2012 revenue of $3.3-$3.4 billion, versus the consensus of $3.52 billion. Sees FY2012 EPS of $2.90-$3.10, versus the consensus of $3.27. Sees FY2012 revenue of $13.8-$14.2 billion, versus the consensus of $14.67 billion.

Furniture Brands (NYSE: FBN) 9.3% HIGHER; appear to be breaking out over resistance around $1.50 today.

Rock-Tenn Co. (NYSE: RKT) 9.2% LOWER; reported Q1 adjusted EPS of $1.18, $0.22 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $2.27 billion versus the consensus estimate of $2.31 billion.

Lions Gate (NYSE: LGF) 9% HIGHER; continuing higher after breaking above the 200-day SMA yesterday afternoon. Shares are over $10 today. The company issued a release earlier saying Lions Gate movies received six Oscar nominations.

Westell Tech (NASDAQ: WSTL) 9% LOWER; reported Q3 EPS of ($0.01), $0.03 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $14.4 million versus the consensus estimate of $27.92 million.

Delta Air Lines (NYSE: DAL) 8.5% HIGHER; reported Q4 adjusted EPS of $0.45, $0.07 better than the analyst estimate of $0.38. Revenue for the quarter came in at $8.4 billion versus the consensus estimate of $8.31 billion.


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